Jefferies, Regis Partners team up for Philippine cash equities business
Jefferies will distribute equity research on local-based companies to its client base globally.
Investment banking firm Jefferies Hong Kong has entered into a co-brand agreement with Philippine-based equity brokerage house Regis Partners, Inc. for its cash equities business in the Philippines, a joint announcement revealed.
Under the agreement, Jefferies will distribute equity research on companies in the Philippines on a co-braded basis to Jefferies’ global client base. Meanwhile, Regis Partners will serve as the main platform to provide local equity brokering services to Jefferies.
The partnership with Regis is part of Jefferies’ move to expand its equities franchise in Asia. This include hiring approximately 200 new employees over the last two years.
Jefferies had also entered similar agreement with several firms in Asia, including Mandiri Sekuritas in Indonesia, KAF Securities in Malaysia, Mirae Asset Daewoo in South Korea, JB Securities in Sri Lanka, Fubon Securities in Taiwan, Kasikorn Securities in Thailand and Mirae Asset Vietnam in Vietnam.
In total, Jefferies and its partner firms now cover approximately 1,500 companies. Meanwhile, Jefferies covers over 3,000 companies globally.