Global investment banking firm Jefferies to distribute JB Securities equity research on Sri Lankan c

Wednesday, 16 April 2014 02:54 -     - {{hitsCtrl.values.hits}}

Global investment banking firm Jefferies has announced that it is entering into a cooperation agreement with JB Securities Ltd. to distribute JB Securities equity research on companies in Sri Lanka on a co-branded basis to formers’ international institutional client base. JB Securities provides comprehensive equities research and stock brokering services in Sri Lanka. The firm is a member of the Colombo Stock Exchange and is part of the Jafferjee Brothers Group. Over the last year, Jefferies has formed similar alliances in South Korea, Australia, Malaysia, Indonesia and Thailand to broaden Jefferies’ equity research offering to its global client base. These alliances now include more than 50 analysts covering some 315 companies in the region. Michael Alexander, Chief Executive Officer of Jefferies Asia, commented: “We are pleased to align with JB Securities as we continue to grow our Pan-Asian equities business to better serve our diverse and global client base. We continue to expand our business across the region with a focus on delivering top-tier and targeted research coupled with superior execution and distribution.” “This alliance demonstrates Jefferies’ strong commitment to serving our clients with best-in-class research and execution capabilities globally,” added Peter Forlenza, Global Head of Equities at Jefferies. Murtaza Jafferjee, Chairman and CEO of JB Securities, commented: “We are excited to partner with Jefferies to deliver our research product to a broader institutional client base.” Not including the research alliances, Jefferies’ global equity research business consists of 138 analysts covering nearly 1,750 stocks from research centres in London, Hong Kong, Mumbai, Singapore, Tokyo, Houston, Nashville, New York and San Francisco. The firm’s global coverage includes economics and strategy, business services, consumer, energy, financial services, insurance, healthcare, industrials, internet and interactive entertainment, maritime, media, metals and mining, MLPs, REITs, technology, telecommunications, travel and leisure and utilities. Jefferies, the global investment banking firm focused on serving clients for over 50 years, is a leader in providing insight, expertise and execution to investors, companies and governments. The firm provides a full range of investment banking, sales, trading, research and strategy across the spectrum of equities, fixed income, foreign exchange, futures and commodities, as well as wealth management, in the Americas, Europe and Asia. Jefferies Group LLC is a wholly-owned subsidiary of Leucadia National Corporation LUK -0.05%, a diversified holding company.