French-owned broker CA Cheuvreux is to open a San Francisco office to improve services to its clients on the west coast of the United States. The firm said the move reflected greater customer demand both for research on European equities and a full range of execution services covering all global markets.
“By establishing an office in San Francisco, we will be able to better serve our west coast investors with timely information and services,” said Khaled Beydoun, head of North American sales. “We pride ourselves on providing global expertise while maintaining a local presence in the key markets we serve, and the opening of our office in San Francisco only serves to further this objective.”
The office will be staffed by David Basham, managing director, European equity sales, and vice-president Karen Linsky. Basham was most recently a senior managing director of equity sales and Linsky an associate director, both at Bear Stearns.
The firm has also appointed Joshua Paul Natkin and Etrita Ibroci as managing director and senior vice-president, respectively, of its emerging markets team, based in New York.