Daiwa Securities Group and Sanford C. Bernstein Limited in the UK have signed an exclusive strategic agreement to distribute Bernstein’s award winning European equity research and to cooperate in providing European corporate access to Japanese institutional investors.
Bernstein is widely recognised as a premier sell-side research and brokerage firm with a global brokerage platform that spans the US, Europe and Asia.
The Agreement follows a series of tie-ups by Daiwa Securities Group across Asia to improve its clients’ access to financial markets. Importantly, this Agreement covers Europe, where Daiwa Securities Group is this year celebrating 50 years of continuous representation. Other recent agreements for Daiwa Securities Group covering equities and M&A include arrangements with Thailand's Thanachart Securities Plc., Indonesia's PT. Bahana Securities, Malaysia's Affin Investment Bank Berhad, and Australia’s Australia and New Zealand Banking Group Limited.
'Bernstein has built a highly regarded institutional equity franchise in Europe hallmarked by unbiased in-depth equity research advice', notes Takashi Hibino, President and CEO, Daiwa Securities Group. 'Today’s agreement enables Daiwa to provide our Japanese institutional investor clients with European research expertise in addition to our existing Japanese and Asian research products. By adding this component we are now well positioned to offer timely business opportunities to our clients looking to tap the recovery of the European economy'.
'We are delighted to partner with Daiwa. Our analysts are true experts in their field with an award winning reputation for producing insightful, ground breaking and unconflicted equity research', added Jan Hagemeier, Bernstein’s CEO in Europe. 'Many of the world’s largest asset managers already benefit from our differentiating European equity analysis. Our agreement with Daiwa now brings this research to the important Japanese institutional asset management industry'.