D Prime To Vacate Limassol Office As Doo Group Restructures Operations

D Prime, the retail and institutional brokerage arm of Doo Group, seems to be leaving its office in Limassol after laying off some of its workers.

An employee disclosed that the company had alerted its workers that it would be vacating the firm’s premises, one of its offices controlled by the Doo Group, within two weeks. According to a report, the firm is re-strategizing its operational structure.

The broker dissolved its whole Cyprus-based marketing section about a month ago. Since then, D Prime seems to have extended the layoff to other workers from other sections as well.

Doo Group Realigns Global Strategy, Focuses on Key Markets

According to Doo Group, it is changing how its offices and teams are managed so it can work more effectively.  All its focus and effort will be channeled to other regions as it plans to grow worldwide.

The company sends its sincere thanks to its workforce for their hard work and effort towards the company over the years. The firm promises to keep helping its workers throughout this period of change.

Recently, the company changed its name from Doo Prime to D Prime. In September last year, Doo Group received a Cyprus Investment Firm license. This license permits the firm to sell and provide special financial products, which include contracts for difference (CFDs), all over Europe.

The broker’s channel reveals that it has permissions in the United Kingdom, the United States, Hong Kong, Indonesia, Australia, and Malaysia.

Authorities Inspect Doo Group’s Malaysian Office Amid Nationwide Checks

Doo Group revealed that its Malaysian office was inspected by local authorities recently. The firm said the visit is part of the country’s larger plan to find and stop businesses and call centers operating illegally.

Doo Group shared that the inspection at its office was part of the many checks done at different companies across the country. The company emphasized that it is complying with all regulations and assisting government officials by providing all necessary information.

The company pointed out that it is focused on having good management, following rules, and being responsible. The firm further said it has its own internal rules and system to quickly handle any problem.

Doo Group Plans to keep improving its financial technology platform worldwide, working to develop a full system where several financial services and tools work together, and adjusting its strategies to fit the new changes happening around the world.

Part of this is expanding its licensed operations in Europe, which was made easy by receiving the Cyprus Investment Firm license last year. The firm is also presently going through restructuring, including moving its Limassol office.