Jefferies to Distribute Equity Research on Companies in Thailand Through Alliance with Kasikorn Securities
December 20 2016 - 5:00PM
Business Wire
Jefferies today announced that it has entered into an alliance
with Kasikorn Securities in Thailand. Under the agreement, Kasikorn
will provide equity research on companies in Thailand which
Jefferies will distribute on a co-branded basis to the firm’s
global base of institutional clients. Kasikorn will also provide
local equity broking services to Jefferies clients.
Kasikorn Securities is a leading equities broker in Thailand
with a Top 10 market position and significant market share.
Kasikorn Securities currently has 9 analysts covering some 100
stocks with plans to offer the largest institutional research
coverage in Thailand.
Kasikorn Securities is 100% owned by Kasikorn Bank, the second
largest bank in Thailand with a market capitalization of US$12
billion, and a leading investment bank with broad and deep
corporate relationships and is involved in most major ECM, DCM and
M&A deals in Thailand.
Over the past four years, Jefferies has also formed similar
alliances with leading firms in Australia, Indonesia, South Korea,
Malaysia, The Philippines, Sri Lanka, Taiwan, Thailand and Vietnam
to broaden the firm’s equity research offering to its global client
base. These alliances now include over 80 analysts covering 700+
companies in the region.
Michael Alexander, Chief Executive Officer of Jefferies Asia,
commented, “We are pleased to work with Kasikorn Securities as we
strengthen Jefferies’ Pan-Asia equities business to meet the
evolving needs of our global institutional clients. This alliance
enhances our Pan-Asia equities platform to provide clients with
best-in-class strategy and ideas coupled with market-leading
execution and distribution.”
"Jefferies is committed to continuously improving and expanding
the firm's longstanding equity research, sales and trading business
with an emphasis on serving the needs of our global institutional
client base. Joining with Kasikorn in this alliance is just one of
the ways we will continue to strengthen our Asia Pacific business,"
added Peter Forlenza, Global Head of Equities at Jefferies.
"Kasikorn Securities will benefit from Jefferies’ robust global
equities platform as this new relationship will further enhance our
existing strong business by leveraging Jefferies’ global equity
distribution platform,” commented Thiti Tantikulanan, Executive
Chairman, Kasikorn Securities.
Not including the research alliances, Jefferies’ global equity
research business consists of nearly 150 publishing analysts
covering more than 2,000 stocks from research centres in Frankfurt,
London, Hong Kong, Mumbai, Singapore, Tokyo, Boston, Houston,
Nashville, New York and San Francisco. The firm’s global coverage
includes Economics & Strategy, Business Services, Consumer,
Energy, Financial Services, Insurance, Healthcare, Industrials,
Internet and Interactive Entertainment, Maritime, Media, Metals
& Mining, MLPs, REITs, Technology, Telecommunications, Travel
& Leisure and Utilities.
To learn more about Jefferies equity research capabilities or to
receive Jefferies research, please contact your Jefferies
representative.
Jefferies, the world's only independent full-service global
investment banking firm focused on serving clients for over 50
years, is a leader in providing insight, expertise and execution to
investors, companies and governments. Our firm provides a full
range of investment banking, sales, trading, research and strategy
across the spectrum of equities, fixed income and foreign exchange,
as well as wealth management, in the Americas, Europe and Asia.
Jefferies Group LLC is a wholly-owned subsidiary of Leucadia
National Corporation (NYSE: LUK), a diversified holding
company.
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version on businesswire.com: http://www.businesswire.com/news/home/20161220006071/en/
For further information:JefferiesRichard Khaleel,
+1-212-284-2556rkhaleel@jefferies.com
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