Freedom24

S&P Global Ratings has raised the long-term issuer credit rating of Freedom Finance Europe Ltd., which operates under the Freedom24 brand, from 'B+' to 'BB-', with a stable outlook. The same long-term upgrade was applied to three other Freedom Holding Corp. subsidiaries, Freedom Finance JSC, Freedom Finance Global PLC and Freedom Bank Kazakhstan JSC, while the short-term ratings of all four entities were affirmed at 'B'.

The agency attributed the upgrade to the group's sustained progress in building consolidated risk and compliance functions. "Over the past three years, Freedom Group has established consolidated risk management and compliance, strengthening these functions at financial operating subsidiaries, and is rolling them out to nonfinancial and new subsidiaries," the report states. It noted that the group conducts a global risk assessment annually and group stress tests twice a year, and that its principles-driven compliance framework allows it to manage risks across 22 countries and more than 40 regulators.📊

For Freedom24, the upgrade reinforces the strength of its European business and the trust it has built with clients across the region. Evgenii Tiapkin, CEO of Freedom24, said: "We see compliance, risk management and governance as the foundation of sustainable growth. This latest upgrade reflects the progress we've made in strengthening those capabilities globally and across our European business, enhancing operational resilience and building trust at scale. With these foundations in place, we are well positioned for our next phase of growth in Europe, where we already serve more than 600 thousand clients."

🔗Read more on our website: https://cutt.ly/dt7wBxy5

Freedom24 announces the appointment of Yerzhan Abdykerov as a member of the company's Board of Directors, following approval from the Cyprus Securities and Exchange Commission (CySEC).

In his new role, Yerzhan will contribute to the company's strategic development while continuing to oversee Freedom24's retail business. His responsibilities cover the development of European offices, marketing, sales, customer support and the enhancement of the customer experience across all key markets where the company operates.

Yerzhan brings many years of experience in the financial sector and has made a significant contribution to the development of Freedom24's retail business, playing a key role in expanding the client base and strengthening the company's position in the European market. 📈

"I am pleased to announce the appointment of Yerzhan Abdykerov as a member of the Freedom24 Board of Directors, following receipt of all necessary regulatory approvals," commented Evgenii Tiapkin, CEO of Freedom24. "His profound expertise, leadership qualities and deep understanding of our clients' needs will contribute to Freedom24's continued growth in Europe. With this appointment, the composition of the company's Board of Directors is now complete, and I am confident that the strengthened management team will help us successfully implement our strategic plans."

🔗Read more on our website: https://cutt.ly/Pt9BOZad