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Silvia Quandt & Cie. AG, Merchant & Investment Banking: Silvia Quandt & Cie. AG & Scarsdale Equities LLC enter into a strategic agreement to serve US institutional clients
Silvia Quandt & Cie. AG, Merchant & Investment Banking / Key word(s): Strategic Company Decision Silvia Quandt & Cie. AG & Scarsdale Equities LLC enter into a strategic agreement to serve US institutional clients New York, Frankfurt 06.03.2012 Silvia Quandt & Cie. AG, a Frankfurt based investment banking & brokerage house and subsidiary of Angermayer, Brumm & Lange Group (ABL) and Scarsdale Equities LLC (New York) have entered into a strategic exclusive agreement to offer Silvia Quandt & Cie. AG's Institutional Brokerage Services as well to US Institutional clients. Silvia Quandt & Cie. AG focuses on German stock market listed companies – mainly DAX, MDAX, SDAX & TecDAX companies -, provides in-depth research on more than 180 names, and executes stock market transactions for its institutional clients in German and European equities. Furthermore Silvia Quandt & Cie. AG is the partner of choice for many German corporates in regard to IPOs and secondary offerings. Scarsdale Equities LLC is an institutional FINRA member broker/dealer and SIPC member located in New York City, U.S.A., with offices at 10 Rockefeller Plaza in midtown Manhattan. The firm's main services are: institutional equity brokerage, discretionary account management, investment banking, and third party marketing services for money managers. Scarsdale Equities LLC will provide the regulatory framework such that Silvia Quandt & Cie. AG may engage in securities activities in the United States in reliance on an exemption from broker-dealer registration under the U.S. Securities Exchange Act of 1934 as provided in Rule 15a-6. Furthermore, both US Clients as well as existing European clients of Silvia Quandt & Cie. AG now also have access to Scarsdale's institutional brokerage service in US stocks. Johann Ostermair, Managing Director of Silvia Quandt & Cie. AG, comments: 'In the last years interest in German stocks has dramatically shifted from onshore Germany to London and New York. We already serve many institutional investors in London via our UK-regulated London office. From start, we now could attract a large number of US institutions, mainly hedgefunds and family offices, with a considerable appetite for German stocks. Our German corporate clients will profit from this access to a very interesting group of potential shareholders.' ___________________________________________________________________ Silvia Quandt & Cie. AG acts in Germany as tied agent according to §2 of the KWG on account of biw Bank für Investments und Wertpapiere AG (biw AG) as far it provides these services which are accounted for as investment brokerage and contract brokerage as well as placement business in terms of §1, 1a sentence 2 No. 1,1c and no.2 KWG. Designated sponsoring mandates are covered by our partner biw AG. End of Corporate News 06.03.2012 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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