Auerbach Grayson Expands Market Coverage of Greater China

2007-06-26 09:31 1085

NEW YORK, June 26 /Xinhua-PRNewswire/ -- Auerbach Grayson & Company, Inc., a New York-based brokerage firm that specializes in international trading for U.S. institutional investors, announced today that it has expanded its coverage of Asian public companies through an existing relationship with Taiwan-based broker KGI Group.

Through its exclusive partnership with KGI Group, Auerbach Grayson will offer its U.S. institutional clients increased coverage of companies in Hong Kong, Taiwan and Mainland China. The partnership also allows KGI to build its international business by servicing Auerbach Grayson's clients, more than 400 of the largest U.S. institutional investors. Auerbach Grayson provides U.S. institutions access to 16 Asian markets through exclusive partnerships with local brokers similar to the one that it has with KGI. Those markets include Japan, Korea, Bangladesh, Malaysia, Singapore, Philippines, Vietnam and Mongolia.

Founded in Taiwan in 1988, KGI Group has been widely recognized as the leading full-service broker in the Asia-Pacific region, providing corporate finance and securities investment services for the Asia Pacific region to more than 600,000 clients with US$3 billion in assets under management. KGI has offices in Taiwan, Hong Kong, Thailand, Shanghai and Shenzhen. KGI Group has more than 2,000 employees, including investment bankers, analysts and traders. In 2006, Asiamoney magazine selected KGI Group as the best local broker with best overall sales, best sales trading and best execution. The firm has also received similar awards from other leading industry publications, including Euromoney, Global Finance and FinanceAsia.

"Our relationship with Auerbach Grayson will enable KGI Group to continue growing its global business by building relationships with some of the largest financial institutions in the world and offering them greater color and better execution in the markets we know best," said Kevin Pi, Head of Greater China Sales & Sales Trading at KGI Group.

"With U.S. institutional investing in Asia's capital markets at an all-time high, Auerbach Grayson is very pleased to build upon our relationship with KGI that offers our clients access to one of the top-ranked brokers in this fast-growing region," said David Grayson, Managing Director and co-founder of Auerbach Grayson. "KGI's in-depth knowledge of how their markets work will be a tremendous asset to our clients."

About Auerbach Grayson

Founded in 1993 in New York City, Auerbach Grayson ( ) offers a full range of global in-depth research, trade execution and settlement services in equities, derivatives and fixed-income instruments to U.S. institutional clients through its network of local broking partners in 103 countries. The firm also provides and implements hedging and arbitrage strategies. Auerbach Grayson is a member of the National Association of Securities Dealers (NASD) and the Securities investor Protection Corporation (SIPC).

Source: Auerbach Grayson & Company, Inc.