Crédit Agricole CIB and Kepler Cheuvreux have confirmed the extension of their equity capital markets partnership to encompass the Middle East and North Africa region (MENA).
Didier Gaffinel
Through the partnership, Kepler Cheuvreux has established a local presence in the UAE through the opening of a new office in the Dubai International Financial Centre and will initially cover equity research and distribution in the Gulf region including the UAE and Saudi Arabia.
The move follows the Dubai Financial Services Authority (DFSA) granting Kepler Cheuvreux has been a license to operate as an authorised firm and provide equity research and distribution on 26 July this year.
Didier Gaffinel, deputy general manager and head of global coverage and investment banking at Crédit Agricole CIB, said: “[The] partnership with Kepler Cheuvreux has proven to be highly successful in Europe with a number of flagship transactions. The extension allows us to further strengthen our client offering in the MENA region.
“We are fully committed to the success of this new initiative and are strongly convinced of the value-add we bring to MENA ECM issuers through our platform.”
Crédit Agricole CIB already has an established presence in MENA, with offices in the UAE, Saudi Arabia and Qatar and through this partnership with Kepler is set to further strengthen its offering in the region through the addition of equity capital markets activities.
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“The extension of our ECM partnership with Crédit Agricole CIB allows us to respond to the strong interest from institutional investors in the MENA region where ECM activity is booming. This new step in the history of Kepler Cheuvreux demonstrates the efficiency of our model and strengthens the group’s multi-local position,” asserted Laurent Quirin, chair of the supervisory board of Kepler Cheuvreux.