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British investor takes equity in Baku-based leader Broker Company

04 April 2012 11:36 (UTC +04:00)

According to APA-Economics, Sturgeon, which invests across Central Asia and the Caucasus, plans to expand its investments in the region.

"Our new partnership with Chelsea Capital marks completion of our second of several planned acquisitions in leading investment banking businesses across key Central Asian markets," said Clemente Cappello, CEO of Sturgeon Capital, in a statement.

"We will continue to capitalise on investment opportunities in what is one of the fastest growing regions of the world today, yet ironically, one of the least explored from an investment perspective. We intend to be a first mover in these markets," he added.

Note that, Chelsea Capital has been in operation since 2006.