The investment firm GILD Financial Advisory Services recieved a supplemental activity licence
The Financial Supervision Authority issued to AS GILD Financial Advisory Services a supplemental activity licence for the trading of securities on its own account and for the underwriting of securities issues.
The investment firm's activity licence of 9 March 2005 entitled AS GILD Financial Services (former business name AS LHV Financial Advisory Services) to manage securities portfolios separately for each client, in accordance with the client?s instructions, and to arrange the issuing of securities, public offers, or the acceptance of securities for trading on a regulated market. The investment firm also had and has the right to receive securities transaction orders from clients and to forward or execute them on the account of a client. GILD Financial Advisory Services is also permitted to purchase or transfer securities in its own name and on the account of a client, and in the name and on the account of a client.
AS GILD Financial Advisory Services was founded on 19 March 2004, as a subsidiary of AS LHV Group. AS LHV Group was divided in the autumn of 2006. As a result of the division, AS GILD Professional Services, which separated from AS LHV Group, became the shareholder of AS GILD Financial Advisory Services.
The management board of AS GILD Financial Advisory Services consists of two members: Tõnis Haavel and Rain Tamm. The supervisory board consists of Joel Aasmäe Heikki Källu and Tarmo Jüristo.