Last updated: 18:30 / Wednesday, 2 October 2013
Expands coverage to Colombia

Auerbach Grayson Signs a Partnership with Corredores Asociados

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Auerbach Grayson Signs a Partnership with Corredores Asociados

Auerbach Grayson & Company, a New York-based brokerage firm specializing in global trade execution and research for U.S. institutional investors, has announced a partnership with leading investment bank Corredores Asociados, to provide U.S. investors with greater access to Colombia's capital markets.

Through its exclusive partnership with Corredores Asociados, Auerbach Grayson expects to have more access to Colombian companies than other U.S.-based brokers, while providing its institutional clients with on-the-ground research and increased coverage of investing opportunities throughout Colombia. The partnership also allows Corredores Asociados to expand its institutional equity business by servicing Auerbach Grayson's clients, including more than 400 of the largest U.S. institutional investors.

"Our recent focus on Colombia is in response to the heightened level of interest and order flows we are seeing from investors looking for exposure to Latin American countries other than Brazil, which comprises the majority of the market capital for the entire continent," said David Grayson, Chief Executive Officer and co-founder at Auerbach Grayson. "By partnering with Corredores Asociados, we will continue to provide our institutional clients with greater coverage and access to Colombia as we see a great deal of opportunity in this emerging Latin American market."

Auerbach Grayson built its global coverage network by establishing partnerships with local and regional brokers and banks in over 125 markets worldwide with on-the-ground analysts in every region. The firm provides U.S. institutional investors with trade execution and in-depth local equity research from its local partners.

"Our relationship with Auerbach Grayson will enable Corredores Asociados to build stronger relationships with U.S. institutional investors looking for opportunities in the Colombian market, as well as build greater visibility for Colombian companies that are attractive for investments," said Roberto Murcia Garcia, Managing Director of Equity Capital Markets at Corredores.

Corredores Asociados was recently acquired by Banco Davivienda, the 3rd largest bank in the country which has large banking operations in Central America. As a subsidiary of Davivienda and part of the Grupo Bolivar, the third largest financial group in Colombia, Corredores Asociados continues to strengthen its position in the market with a solid asset backing, technological and a clear strategic approach.

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