Auerbach Grayson, a US agency brokerage that specialises in global trade execution and research services, has agreed a deal with DZ Bank aimed at offering institutional clients greater access to Germany’s capital markets. The New York-based firm has also appointed Stephan Lueck as senior vice president of western European equities.
The exclusive arrangement will provide Auerbach Grayson with greater access to German companies and offer the firm’s institutional clients “on-the-ground intelligence and increased coverage of investing opportunities” in Germany. The partnership also allows DZ Bank to expand its institutional equity business by servicing Auerbach Grayson’s clients, which include more than 400 of the US’s largest institutional investors. Auerbach Grayson provides access to more than 120 countries through exclusive relationships with domestic brokers in each market.
Lueck has 15 years of experience in pan-European equities markets, including a period as director and senior sales person for German and pan-European equities at at German bank West LB.
DZ BANK is the fifth largest bank in Germany and acts as the central bank for approximately 1,000 local cooperative banks. DZ Bank’s equity research covers more than 200 German stocks.