Auerbach Grayson & Company, a New York-based brokerage firm specialising in global trade execution and exclusive in-depth research on developed, frontier and emerging markets, said it has joined hands with Dubai-based Arqaam Capital, the specialist emerging markets investment bank, to offer US investors greater access to the Middle East and South Africa markets.

Arqaam Capital is one of the top institutional full service brokers in the region via seats in Middle Eastern and African exchanges, supported by a strong network of local executing brokers.

It covers more than 300 listed companies in the MEA region across 27 countries and a wide range of sectors. The firm provides the largest global coverage of equities representing over 60 per cent of GCC market capitalization.
 
Through this partnership, Auerbach Grayson will provide its US institutional clients with opportunities for investment in Saudi Arabia, Oman, Kuwait, UAE, Qatar, Bahrain as well as South Africa.

The partnership will allow Arqaam Capital to grow its international business by offering Auerbach Grayson’s clients, which include more than 500 of the largest US institutional investors, bespoke research and seamless trade execution across a wide range of sectors and listed companies.
 
On the partnertsship, David Grayson, the chief executive and co-founder of Auerbach Grayson, said: "With this, we are able to offer a deeper level of coverage and greater accessibility to investment opportunities than any broker within the Middle East."

"Most of the independent brokers that still operate in South Africa no longer cover the entire market. However, Arqaam’s direct membership on the Johannesburg Stock Exchange, coupled with the quality and depth of their research in the largest market of Africa, brings our clients a new breadth of coverage," he stated.  
 
In less than a decade, Arqaam Capital has grown into a well-established investment bank operating four business segments, sales and trading, investment banking, asset management and alternative investments.

Dennis Wijsmuller, the chief operating officer, Arqaam Capital, said: "The exclusive Auerbach Grayson partnership will enable us to continue growing global brokerage business by building relationships with some of the largest institutional investors in the world, while offering them the most penetrative research available in the Middle East and South African capital markets.

“I look forward to our firms working closely together as we connect even more global investors to the investment opportunities in this dynamic and rapidly growing region," he added.-TradeArabia News Service