ICICI Securities and UK's Collins Stewart Hawkpoint Plc today announced a broad alliance to co-operate with each other in growing their business franchises. The alliance covers a wide range of investment banking and institutional sales activities, including corporate advisory services, research led agency securities trading and capital markets advice.
The opportunities to be explored jointly will include advisory services, private equity transactions, debt advisory services and other corporate finance advice. In addition, the alliance will cover introductions of Indian companies to the London securities markets; the distribution into the UK and Europe of the offerings and placements of Indian or dual listed securities; and the joint publication and distribution into the UK and Europe of research on over 100 Indian listed companies and the facilitation of secondary trading, through ICICI Securities, of securities of Indian listed companies.
Commenting on the alliance, Anup Bagchi, Managing Director & Chief Executive Officer of ICICI Securities said: “Over the years, corporate clients have been seeking opportunities to enhance their presence in the UK and Europe to gain access to their technologies and markets. At the same time, investors are keen to participate in Indian investments both primary as well as secondary. ICICI Securities corporate clients as well as institutional investor clients will immensely benefit from the partnership with Collins Stewart Hawkpoint.”
