Atlantic Global Asset Management (AGAM), a major global asset management firm with well-established businesses in the Asia-Pacific and South Africa region, and its partner company Questra World, have announced African expansion.

This Atlantic Global Asset Management has opened its office in Cape Verde and now is ready to enter African market.

Antonino Robalo, President of Atlantic Global Asset Management, said: The main feature of the company Questra World, as the independent advertising broker that promotes Atlantic Global Asset Management, is the possibility to open official representative offices in those countries where local laws did not allow doing it earlier. Thus, we have opened a new office in Cape Verde and got there the license for financial activities. In general, during 2017 we plan to open offices in 17-18 countries.”

Founded in January of 2016, AGAM is dealing with the purchase and sale of the assets and is engaged in rehabilitation of bankrupt companies.

AGAM also prepares companies for IPO, supports start-ups, buys and sells real estate.

Robalo said: “Of course, we are dealing not only with toxic assets. We are engaged in rehabilitation of bankrupt companies. That is, we buy them, select the direction in which the company could be successful, cut off all the others unnecessary and unprofitable activities.”

“In fact, we are creating a new company on the ruins of the old one. The rest is paperwork. We prepare the "renewed" company for IPO and sell it much more expensive than it was purchased. In this case, profit can be measured in thousands of percent. In addition, we provide support to start-ups, buy and sell real estate. We also plan to start management support services, business consulting and management,” he said.

Robalo said that to be successful you need local partners, therefore, in Africa, AGAM has partnered with Ecobank.

“This is one of the largest banks in Africa, and it is convenient to work with it for both for us and members of our affiliate network. The proof is our long-term cooperation with the bank. What is important, Ecobank respects the privacy of deposits as well as we respect it. All the investors’ accounts are anonymous and the bank has the right not to respond to requests from any structures and organizations,” he said.