FlowBank takes title sponsorship of the Swiss Tennis International Tour
FlowBank has made a number of sponsorships around the sport of tennis, most notably as a sleeve sponsor of Alexander Zverev.
FlowBank is an online banking and trading firm, located in Geneva, Switzerland. The company was founded by former London Capital Group (LCG) controlling shareholder and CEO Charles-Henri Sabet in 2020, backed by a number of his former LCG colleagues and several former executives from Swissquote.
Licensed as a Swiss Bank, FlowBank offers both online banking services as well as trading in a variety of domestic and international stocks, ETFs, forex pairs, CFDs, bonds, options, futures, as well as cryptocurrencies.
FlowBank selected the Temenos Transact SaaS online banking and trading platform as the technology basis for its Swiss digital bank. Temenos Transact will allow Flowbank’s customers to trade from a single multi-currency bank account and access more than 50 financial markets.
FlowBank has made a number of sponsorships around the sport of tennis, most notably as a sleeve sponsor of Alexander Zverev.
Alexander Zverev will prominently wear the FlowBank patch on his on-court attire and he will work with FlowBank on various projects.
The partnership will involve visual displays both on and off the ice as well as various content-based productions.
Starting July 1, LCG will effectively become an introducing broker to (former) rival IG Group (LON:IGG).
At the end of 2022 LCG brought in a new management team to run the company, led by new CEO Dave Worsfold.
Adrien Cohen has joined FlowBank management as COO. Caroline Puder-Lévy has been appointed CMO.
CoinShares reported combined revenue, gains and other income of £27.96 million for Q1 2022, down from £39.91 million in Q1 2021.
Following approval from the Swiss FINMA, Coinshares has acquired an additional 20.8% stake in Swiss-based FlowBank.
Total comprehensive income of CoinShares the first nine months of 2021 amounted to £84.9 million, compared to £18.4 million for FY 2020.
FlowBank has stated that its mission starts within Switzerland’s borders, but the business has international ambitions.