Broker Hantec Markets announced the renewal of its client-funds insurance, which is underwritten via Lloyd’s of London, on Tuesday afternoon.
The agreement means the broker’s clients get protection of up to USD 500,000 per claimant across the firm’s product suite.
“Re-securing this insurance demonstrates our ongoing focus on client protection, transparency and our global outlook,” said Norayr Djerrahian, the new Chief Commercial Officer at Hantec Markets.
“As we expand regionally and invest in infrastructure, maintaining and highlighting robust protection for client assets remains core to how we operate and build trust with our clients and partners.”
The insurance applies to eligible funds across Hantec’s product range, including forex, precious metals, equities, and commodities. It means that Hantec clients can rely on additional protections to funds, beyond those provided by regulatory oversight, were something to happen to the company.
Hantec has recently undergone a major reshuffle internally, with Tim Hughes brought in as Chief Strategy Officer. Norayr Djerrahian, who previously held the CSO role, was promoted to Chief Commercial Officer. The broker also brought in Vivek Mehta as Chief Technlogy Officer.
