The Board of USG Group has officially announced that its global operations will move to the UK and London offices will be the new headquarters.
11 September 2020 | AtoZ Markets – Union Standard International Group Pty Ltd is a retail brokerage firm operating as USGFX. The broker also offers CFDs and forex trading services around the world. USGFX UK is licensed and regulated by the Financial Conduct Authority (FCA) under registration number 7987776. Moreover, the UK address is C/O Buzzacott LLP, 130 Wood Street, London EC2V 6DL.
USG London Offices Will Be the New Headquarters
The Board of USG Group has announced that it will move its headquarters from Sydney to London for the main global operations. The board emphasized that operations in Australia and operations in the United Kingdom are independent. UK FCA has regulated USG UK since 2018. Simon Quirke, CEO of the FCA authorized USG UK, said:
“We at USG UK are proud to take on the mantle of the headquarters of the USG Group. USG UK remains an independent UK company regulated by the FCA. I am sure that this will reassure investors of our ongoing commitment to offer them a bespoke and personal service under the protection of one of the world’s most respected regulators.”
The USG also emailed its customer, stating that It almost completed the restructuring process, with an account transfer rate of 97%. Moreover, it expects the account transfer to complete by the end of September 2020.
The USG’s operations in the UK have increased as its Australian business began to cause problems. USG in Australia went into voluntary administration on August 7, 2020. It also would waive its ASIC license rights and closed its Australian branch. BRI Ferrier had been appointed as administrator.
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