Macquarie gets Asian brokerage firm on side
MacquarieEquities has signed a co-operation agreement with Asian brokerage firm CLSA Emerging Markets which aims to provide global clients with financial services in the Asia-Pacific region.
The agreement will see the two companies providing services in equities research, execution and corporate advisory services.
Macquarie managing director Allan Moss says the agreement would open the way to further co-operation with Macquarie’s corporate advisory presence in Asia, while both parties see opportunities to offer Australian and Asian clients distribution services.
Both companies will remain independent, but will co-operate in areas where they believe they can add value to their clients. Analysts from both firms will access each other’s data and research and will work together on regional research.
Macquarie head of equities in Asia Jonathan Coultas says Macquarie continues to grow in Asia while other financial services companies are contracting.
“Opportunities to work together on research projects or on investment banking transactions will only enhance our offering to our global clients,” he says.
AUTHOR
Lachlan Gilbert
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