Equiti Group and Mushegh Tovmasyan Part Ways

About a yr after Mushegh Tovmasyan relinquished his Director place at Divisa UK, which is a part of Equiti Group as Equiti UK, he’s now parting methods with the agency. At the time, the founding father of Divisa stayed as a member of the manager committee of Equiti Group.

As of the top of final yr, Equiti Group formally accomplished the rebranding of its UK entity. The agency is now absolutely targeted on its international development technique and with the top of the transition interval, Tovmasyan has fulfilled his dedication to the Group.

He formally relinquished his ultimate position at Equiti Group on the finish of 2018 to pursue investments and different enterprise pursuits.

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Commenting on the event, Equiti Group’s CEO Iskandar Najjar confirmed that the transfer was mutually agreed because the 2017 acquisition. “Mushegh’s contribution to the group has been invaluable. I wish to thank him for all his honest efforts over the previous couple of years and want him one of the best of luck within the tasks he’s about to pursue,” mentioned Najjar.

Global Expansion

Equiti is continuous to put money into diversifying its enterprise globally with growth within the Middle East, North America, Europe, Africa, and the APAC areas. In the run-up to the brand new regulatory framework within the EU, the corporate managed to submit vital development in fiscal 2018.

The agency reported a turnover of virtually £18 million for the yr that led to March 2018. The agency diversification efforts of the corporate are placing it on a stable footing going into 2019. The firm acquired the primary working license in Kenya again in April final yr.

Commenting on his time with Equiti, Tovmasyan mentioned: “I’m thrilled that the Group made large strides in document time and, extra so, that I received to be a part of it earlier than the time got here for us to half methods. I actually want everybody at Equiti Group continued success.”


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David is the founder of DebtDefined.com. The firm originates business financing for companies of all size in the Canadian marketplace . Originations include business loans, term loans, asset based lines of credit, SR ED Tax credit financing , and receivable financing .

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