Rosenblatt Securities, one of North America’s leading boutique brokerage firms, and China Merchants Securities (HK), a wholly-owned subsidiary of China Merchants Securities Co., Ltd. (600999.CH), are pleased to announce they have signed an exclusive arrangement to bring Hong Kong and China research, corporate access, and execution services to US institutional investors.
China Merchants Securities has more than one hundred research analysts in Hong Kong and China, providing comprehensive cross-border research products covering hundreds of companies in a wide range of sectors.
“This collaboration agreement is consistent with China Merchants Securities’ global expansion plan and marks a big step in expanding our international product offering and capabilities. While we have been successful in Hong Kong by leveraging our market leading position in mainland China, teaming up with Rosenblatt will allow us to capitalize on its access to the US institutional client base, the largest pool of investment assets globally,” said Steve Liu, Managing Director and Co-head of Institutional Equities for CMS. “Rosenblatt was our clear choice for a US partner for several reasons: its reputation among institutional investors, its focus on distributing best-of-breed foreign research and its No. 1 ranking on the floor of the NYSE — where many Chinese companies that are covered by both Rosenblatt and CMS, such as Alibaba and China Mobile, are listed.”
The deal represents a significant milestone in Rosenblatt’s effort to bring best-in-class research from the region and throughout the globe to its US institutional customers. The breadth and depth of the firm’s coverage illustrates its transformation from execution-only roots to a trusted source of differentiated, valuable investment research. “Working with one of the preeminent firms in China is an honor and an exciting commercial opportunity,” added Joe Gawronski, President and COO at Rosenblatt. “CMS is the perfect partner for our continued foray into Asia-Pac.”
Rosenblatt also offers research from Taiwan’s SinoPac Securities, Attijari Intermediation in Morocco, CardinalStone Partners in Nigeria, Global Investment House in Kuwait and Old Mutual Securities in Kenya. Rosenblatt and its partners now offer clients research from dozens of analysts covering nearly 1,500 companies in 17 countries.
The CMS pact also enhances Rosenblatt’s reputation for astute analysis of the global supply chain for leading technology companies like Apple. The firm’s Technology, Media & Telecom research team has long followed Chinese ADRs, and its distribution agreement with SinoPac earlier this year bolstered that coverage. “This new partnership with CMS completes the picture, while substantially expanding our overall coverage,” said Evan Morgan, Managing Director and Head of Research Sales at Rosenblatt. “And considering that recent volatility in China has highlighted the need for timely, in-depth analysis of China as both a supplier and consumer of technology, our timing for this launch couldn’t be better.”
