The British Financial Conduct Authority has granted a subsidiary of Kvika Bank hf., Kvika Securities Ltd., an operating licence as an Alternative Investment Fund Manager.

The operating license gives Kvika an opportunity to provide its customers, both domestic and foreign, with broader financial services than before, which now applies to fund management of alternative funds as well as general financial advisory services in the UK.

Gunnar Sigurðsson, the Managing Director of Kvika in the UK:

The development of Kvika's operations in the UK is proceeding well, and the projects have been steadily increasing. We are therefore very happy to be granted a broader operating licence, which bolsters our position to continue offering customers of Kvika interesting investment opportunities in the UK.