2014-04-14 09:22 AM
NEW YORK & LONDON & HONG KONG & COLOMBO, Sri Lanka--(BUSINESS WIRE)--Apr 13, 2014--Jefferies today announced that it is entering into a cooperation agreement with JB Securities (Pvt) Limited to distribute JB Securities equity research on companies in Sri Lanka on a co-branded basis to Jefferies' global 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 centers in London, Hong Kong, Mumbai, Singapore, Tokyo, Houston, Nashville, New York and San Francisco. The firm's global coverage includes Economics & Strategy, Business Services, Consumer, Energy, Financial Services, Insurance, Healthcare, Industrials, Internet and Interactive Entertainment, Maritime, Media, Metals & Mining, MLPs, REITs, Technology, Telecommunications, Travel & Leisure and Utilities.
To learn more about Jefferies equity research capabilities or to receive Jefferies research, please contact your Jefferies representative.
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 (NYSE:LUK), a diversified holding company.
Richard Khaleel, +1-212-284-2556
Sara-Louise Boyes, + 44 (0)20 7029 8022
KEYWORD: ASIA PACIFIC SRI LANKA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE
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PUB: 04/13/2014 09:00 PM/DISC: 04/13/2014 09:00 PM