Paragon Capital, an international company specializing in the management of financial assets, has formed an Israeli subsidiary. The new company, Paragon Capital (Israel) will provide a range of financial asset management in foreign exchanges, for individuals and institutional investors in Israel that wish to invest overseas.
Paragon Capital has offices in South America and Africa that provide investment advice for investors and institutions. Among the shareholders and the strategic partners of Paragon Capital are Integrated Asset Management, a financial services public company headquartered in London, and ABSA offshore, a division of ABSA bank, the largest bank in South Africa.
Paragon has an agreement with La Salle St. securities, a registered American broker/dealer. Clients’ accounts are held at National Financial Services Corporation, a Fidelity Investments Company.
Paragon Capital (Israel) is managed by Kobi Blum. Between 1995-2000, Kobi Blum was the Managing Director and chief investment officer of Universal Investments, a company that specialized in investments in foreign markets.
In the previous five years, Blum was a managing partner of Global Investments, a company specializing in bonds and stocks. Kobi Blum lectures on a regular basis on the topic of foreign investments at Bar Ilan University and Biz Portal College.
Paragon Capital chairman and CEO Nimrod Fachler said, “Paragon Capital decided to enter the Israeli market at this time as it became clear that the Israeli investor wishes to diversify his portfolio to different markets, countries and industries in order to diversify the risk and rewards. The Israeli has an advantage by diversifying the portfolio plus other unique tax advantages. Investment in foreign markets allows for a higher liquidity option, low risk and better performance.”
Published by Israel's Business Arena on 25 October, 2001