ICICI Securities Ltd (I-Sec), a wholly-owned subsidiary of ICICI Bank, today announced a strategic alliance with AM Capital, a Hong Kong-based brokerage, to pursue new business opportunities in India and Asia Pacific after obtaining regulatory approvals.
"It is our endeavour to provide quality access to the global investors interested in the Indian capital markets. Hong Kong is an important market for us and we are delighted to partner with AM Capital, which is well-known among institutional investors for its expertise in Hong Kong & Asian listed equities," ICICI Securities MD & CEO Anup Bagchi said in a statement here.
Ajay Saraf, Executive Director, ICICI Securities said, "This alliance gives us a footprint in Hong Kong, and we believe that ICICI Securities will be able to provide high quality research and access to the Indian market to AM Capital's clients. The alliance also enhances our reach for our clients with interests in investing in Hong Kong securities market through AM Capital.
