In addition, BOCI and Jefferies will distribute co-branded equity research to their global base of institutional clients and will continue to provide sales and trading services to their clients with respect to the China and Hong Kong equity markets.
Jefferies investment banking global head Benjamin Lorello said: “Our alliance with BOCI will allow us to better serve our clients in the US, Europe and Asia by providing unparalleled access to Chinese corporates and state owned enterprises through BOCI’s expansive footprint across China.
"Similarly, we will be able to better serve the strategic and capital markets needs of BOCI’s clients by providing access to Jefferies extensive network of corporate clients and to our capital markets capabilities across the U.S., Europe and the rest of Asia.”
Jefferies Asia CEO Michael Alexander said: “As part of Jefferies ongoing effort to meet the ever-changing needs of our global institutional clients, we are very pleased to begin working with BOCI. This alliance will strengthen our combined global investment banking and Pan-Asia equities businesses and strengthen our ability to provide our clients with market-leading ideas, strategies, execution and distribution."
Jefferies equities global head Peter Forlenza said: “We believe strongly in the value that this alliance will bring to our clients. The combination of local and global market insights will help us better serve clients’ sales and trading needs in the region."
BOCI chief financial officer Wang Zhongze said: “At BOCI we are always committed to bring the best services to meet our clients’ requirements, and it is in our DNA to continuously seek innovative solutions for the interests of our clients. This collaboration will leverage both parties respective strengths in China and the other international financial markets to achieve a win-win-win for our clients, BOCI and Jefferies.
"The alliance with Jefferies is a perfect demonstration of our willingness to collaborate with other companies to give our clients the best-in-class products and services.”
Jefferies has 300 staff spread across the Asia region (150 people in head office in Hong Kong and 150 people in its offices in Tokyo, Singapore and Mumbai) and continues to build in the region.
Not including the firm’s research alliances, Jefferies’ global equity research business consists of 120 publishing analysts covering nearly 2,000 stocks from research centres in Frankfurt, London, Hong Kong, Mumbai, Singapore, Tokyo, Boston, 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.
