[1] In 2023 Freedom Finance Russian business changed its name to Tsifra or Cifra Broker.
Prior to its acquisition the Moscow Exchange in 2018 said the company was one of the five largest stock brokers in its derivatives market in Russia.
The core divisions were: securities sales and trading, investment banking, and asset management.
[2][3] Zerich Capital Management (ZCM) was the successor to Trust-service Investing Company that was set up in 1993, at the very beginning of the establishment of the stock market in Russia.
[2] In June 2020, Kazakhstani investment conglomerate, Freedom Holding, acquired Zerich Capital Management after it was approved by the Federal Antimonopoly Service of Russia.