Turquoise Partners
Firouzeh Financial Development Group, operating internationally as Turquoise Partners, is a Tehran-based financial-services group listed on the Tehran Stock Exchange under the symbol وفیروزه. It combines asset and fund management, portfolio management, brokerage, investment advisory, corporate finance, private equity and venture capital, making it a relevant platform for access to Iranian capital-market and private-investment activity.
Operations & footprint
Products and services
Turquoise Partners, operating domestically as Firouzeh Financial Group, provides asset management, investment-fund management, dedicated portfolio management, securities brokerage, investment advisory, corporate finance, company valuation, capital-market admission and IPO advisory, private equity, venture capital, strategic principal investment, financial research, and services for domestic and international investors. Its wider group operates regulated entities covering brokerage, asset management, investment advisory, leasing, investment funds, venture investment, and digital investment products across equities, fixed income, gold, commodities, private companies, and other asset classes.
Operations and assets
The group operates investment-management, brokerage, advisory, corporate-finance, private-equity and venture-capital activities serving Iranian capital markets.
Geographic footprint
Tehran, Iran.
Commercial and investment relevance
Turquoise Partners is relevant for investors assessing foreign and domestic access to Iranian capital markets, professional asset management, investment funds, private equity, venture capital, brokerage, corporate finance, and the institutional infrastructure required for foreign portfolio investment. Its history of working with international investors and maintaining English-language investment capabilities distinguishes it from many domestic financial groups. Due diligence should verify the current ownership structure following the 2026 IPO, consolidated versus subsidiary assets under management, foreign-client activity, custody and settlement arrangements, sanctions compliance, cross-border payment limitations, private-equity and venture valuations, proprietary investments, brokerage ownership, fund concentration, related-party transactions, leasing and credit exposure, capital adequacy, liquidity, cybersecurity, client-asset segregation, conflicts among advisory, brokerage and investment activities, and whether historical foreign-investment claims remain representative of current operations. For buyers, issuers and institutional counterparties, Firouzeh combines securities-market services with fund and portfolio management, corporate-finance advice and private-market investment capabilities.
Constraints, risk & compliance
Key risks and constraints
The group’s operating model is exposed to Iranian capital-market liquidity and valuation conditions across listed securities and private investments. Brokerage, advisory and principal-investment activities also require close management of conflicts of interest and client-asset safeguards.
Sanctions and compliance considerations
Cross-border counterparties require sanctions and payment-channel screening because the group operates in Iran’s financial sector.
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Frequently asked questions
Direct answers to the questions most likely to arise when reviewing this profile.
Is Turquoise Partners the same company as Firouzeh Financial Development Group?
Turquoise Partners is the international brand of Firouzeh Financial Development Group Public Joint Stock Company.
Where is Firouzeh Financial Development Group based?
The group is based in Tehran, Tehran Province, Iran.
Is Firouzeh Financial Development Group publicly listed?
Yes. It is listed on the Tehran Stock Exchange under the ticker symbol وفیروزه.
What services does Turquoise Partners provide?
Its activities include asset and fund management, portfolio management, securities brokerage, investment advisory, corporate finance, private equity and venture capital.