Doo Financial Acquires Kinsmen Securities Limited to Enter Australian Market

Doo Financial, Doo Prime's sister company, announced that it has acquired Kinsmen Securities Limited (now known as Doo Financial Australia Limited), a leading specialist funds management and investment group with an Australian financial services (AFS) license.

According to the press release, through this acquisition, Doo Financial is looking to venture into the Australian market, solidify its presence in the global financial market and increase its client base.

"This acquisition has proven Doo Financial's strength and the breadth to bring rich funds management experience in analyzing and execution, as well as consolidate Doo Financial's service as a leading-edge financial services provider,"the company stated.

Established in 2002, Kinsmen has identified and managed investments across a range of sectors and become a well-established financial services provider with offices in Brisbane, Sydney, Melbourne, and Adelaide.

Doo Prime's affiliate, Doo Financial Australia Limited is authorized to provide general financial product advice, deal in a financial product and custodial and depository services, and to operate registered managed investment schemes in direct real property, financial assets, and mortgages.

"While our core business remains as brokerage, we are expanding our vast portfolio to include fund management- and asset management-related businesses to supplement our product family. Doo Financial's acquisition of the broker and fund license in Australia is a step forward towards that,"the company added.