to create research alliance
TORONTO, July 8 /CNW/ - Scotia Capital Inc.'s equity research team has
joined forces with two other top international brokerage houses to create an
international research alliance.
Scotia Capital, the global corporate and investment banking business of
Scotiabank Group, has signed a research alliance agreement with Macquarie
Equities (Australia) and South Africa's Nedcor Securities. This agreement
brings together over 120 leading equity research specialists covering
Australia, South Africa and North America.
"At Scotia Capital, we're committed to independent research that is
insightful and has value for our clients," said Lawrence Lewis, Managing
Director, Acting Head of Equity Research, Scotia Capital. "This alliance will
allow us to provide our clients with a broader industry perspective,
particularly in the resource sectors."
The alliance partners will work together on equity and commodity research
specific to the three markets, as well as individual company-related issues.
This will be accomplished through general consultation and the exchange of
research and data. All three brokerages will maintain their identity as
independent country specialists.
"This alliance is a win-win as it harnesses the expertise of specialists
from three top rated research houses," said David Rickards, Head of Research,
"The resource sector is a global industry and this agreement enables the
brokerages involved to offer fully-fledged global mining research products to
clients in two hemispheres," said Jean du Plessis, Managing Director, Nedcor
Scotia Capital is a member of Scotiabank Group, Canada's most
international bank. Scotia Capital is a leader in the corporate and investment
banking industry with a presence in both major and regional financial centres
around the world. The Firm's top ranked equity research team consists of 26
analysts, 15 of them top ranked in Canada, and 26 associates, covering
approximately 275 North American equities.
Macquarie Equities is the broking subsidiary of Macquarie Bank Limited,
the leading full-service investment bank in Australia. Macquarie Bank also
operates internationally, through subsidiaries located in 18 countries, where
its strategy is to focus where its particular skills and expertise deliver
significant value to clients. Macquarie Equities has a team of 45 research
analysts covering 20 sectors with 12 sectors ranked in the top three, as well
as the widest coverage of any broker of Australian and new Zealand stocks.
Nedcor Securities is the full-service broking subsidiary of South
Africa's largest bank, Nedbank. Its research team of 10 analysts was rated 4th
in the recent Financial Mail ratings, making it the leading South-African
owned broker in terms of research.
/For further information: Jane Shannon, Scotiabank Public Affairs,
(416) 933-1795, jane_shannon(at)scotiacapital.com/
CO: Scotiabank; Scotia Capital
-0- Jul/08/2003 13:51 GMT
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