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SOURCE Auerbach Grayson & Company, LLC
NEW YORK, Sept. 30, 2013 /PRNewswire/ -- Auerbach Grayson & Company, LLC, a New York-based brokerage firm specializing in global trade execution and exclusive in-depth research for U.S. institutional investors, announced today that it has partnered with leading investment bank Corredores Asociados, to provide U.S. investors with greater access to Colombia's capital markets.
Through its exclusive partnership with Corredores Asociados, Auerbach Grayson will have more access to Colombian companies than other U.S.-based brokers, while providing its institutional clients with on-the-ground research and increased coverage of investing opportunities throughout Colombia. The partnership also allows Corredores Asociados to expand its institutional equity business by servicing Auerbach Grayson's clients, including more than 400 of the largest U.S. institutional investors.
"Our recent focus on Colombia is in response to the heightened level of interest and order flows we are seeing from investors looking for exposure to Latin American countries other than Brazil, which comprises the majority of the market capital for the entire continent," said David Grayson, Chief Executive Officer and co-founder at Auerbach Grayson. "By partnering with Corredores Asociados, we will continue to provide our institutional clients with greater coverage and access to Colombia as we see a great deal of opportunity in this emerging Latin American market."
Auerbach Grayson built its global coverage network by establishing partnerships with local and regional brokers and banks in over 125 markets worldwide with on-the-ground analysts in every region. The firm provides U.S. institutional investors with trade execution and in-depth local equity research from its local partners.
"Our relationship with Auerbach Grayson will enable Corredores Asociados to build stronger relationships with U.S. institutional investors looking for opportunities in the Colombian market, as well as build greater visibility for Colombian companies that are attractive for investments," said Roberto Murcia Garcia, Managing Director of Equity Capital Markets at Corredores.
Corredores Asociados was recently acquired by Banco Davivienda, the 3rd largest bank in the country which has large banking operations in Central America. As a subsidiary of Davivienda and part of the Grupo Bolivar, the third largest financial group in Colombia, Corredores Asociados continues to strengthen its position in the market with a solid asset backing, technological and a clear strategic approach.
About Auerbach Grayson (www.agco.com)
Founded in 1993 in New York City by Jonathan Auerbach and David Grayson, 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 over 125 countries. In addition, the firm provides and implements hedging and arbitrage strategies. Auerbach Grayson is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC).
About Corredores Asociados (www.corredores.com)
With over 35 years of experience in the market, Corredores Asociados offers a full range of intermediary services including trade execution in fixed-income instruments, equities, fx and derivatives to our more than 26.000 base clients through our main office in Bogota and our 3 branches across the country. Corredores Asociados Panama also allows our clients to have access to execution in international markets .Our asset management, wealth management , investment banking divisions and a comprehensive in-depth research coverage of the local market complete our portfolio services. Corredores Asociados is a subsidiary of Banco Davivienda and is supervised by the SFC (Superintendencia Financiera de Colombia) and the AMV (self-regulatory body in the Colombian financial market).
For further information, please contact:
212-279-3115 x 227
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