European agency broker and equities research specialist Redburn and US equity brokerage Atlantic Equities have completed the merger of their operations under Redburn’s parent company Rothschild & Co, initially announced on 26 April.
The newly merged transatlantic broker, Redburn Atlantic, will be headquartered in London, offering clients broader research coverage, corporate access and research sales alongside agency execution capabilities.
By combining US and European research together in London, the new firm will benefit from a global industrial approach.
Redburn Atlantic will offer research and execution services for 700 institutional investors with distribution teams based in London, New York, Boston, Paris, Frankfurt, Geneva and Madrid.
The combined teams will consist of more than 90 research analysts, 43 distribution and 14 corporate access professionals.
Redburn clients will see the amount of US stocks under research coverage double, while Atlantic clients will see this increase by 40%. Atlantic clients will also be able to delve into the existing European product.
“Redburn and Atlantic have a proud history of being fully aligned with their clients and working with them to ensure a best execution outcome both via high touch and electronic trading. The combination highlights the investment that is being made to build out our execution offering as well as the wider firm,” Andrew Quick, global head of execution services at Redburn Atlantic, told The TRADE.
Redburn Atlantic will build upon the combined firms’ corporate access programmes, which previously provided more than 400 corporate and expert events and brought 40% of the S&P 500 by market cap to Europe last year.
Following the completed merger, Redburn Atlantic will now operate as the equity capital markets execution arm of Rothschild & Co, with the aim of delivering participations for clients in IPOs, placements and block trades.
“With more names under coverage and more access to companies, we anticipate our market share will continue to grow in Europe and especially the US. As the public equities execution arm of Rothschild & Co, Redburn Atlantic looks forward to offering IPOs, placings and block trades as well as assisting corporate clients in buybacks, dribble-outs and stake builds which in turn should offer our clients even more unique liquidity opportunities,” added Quick.
Rothschild & Co first took a minority investment in Redburn in 2019 to capitalise on the investment research fallout of Mifid II. It has fully owned the firm since December 2022.
“The merger between these two leading research brokers will enhance the industrial and market insight available to their respective client groups,” said Richard Wyatt, partner and chairman of equity markets solutions at Rothschild & Co.
“Redburn Atlantic will offer clients a powerful combination of exceptional research along with an execution offering which provides liquidity, content, execution performance and service for both European and US equity investors.”