New York-based broker Auerbach Grayson has teamed up with Reliance Equities International Private Limited, a stockbroking subsidiary of Indian financial services firm Reliance Capital, to offer US institutional investors greater access to India’s capital markets.
Auerbach, which offers research and trade execution to US institutional investors, provides clients access to 126 countries through exclusive partnerships with the leading domestic brokers in each market.
Through the exclusive partnership with Reliance Equities, Auerbach will provide its US clients a more robust offering of on-the-ground research and trade execution across a variety of sectors and companies in India. The partnership also allows Reliance Equities to build its international business by servicing Auerbach Grayson’s clients – more than 400 of the largest US institutional investors.
“US institutional investors recognise that countries such as India present a plethora of investment opportunities and are continually seeking higher returns on their global investments,” said David Grayson, managing director and co-founder of Auerbach Grayson, in a statement. “Our partnership with Reliance Equities will provide our clients with greater coverage and better trade execution throughout this fast-growing region.”
Keshav Sanghi, CEO of Reliance Equities, added, “Our relationship with Auerbach Grayson will enable Reliance Equities to expand its premier global brokerage business by building relationships with some of the largest institutional investors in the world.”