Auerbach Grayson, a New York-based broker specialising in global trade execution and research services, has announced a partnership with IS Investment, the investment banking arm of Turkey-based Isbank.
The deal will give Auerbach Grayson greater access to the management teams of Turkish companies, and provides IS Investment with the opportunity to offer its research, execution and settlement services to Auerbach Grayson's institutional clients.
IS Investment, which was founded in 1996, is one of the largest brokers on the Istanbul Stock Exchange and Turkish Derivatives Exchange.
“As one of the most active foreign brokers on the Istanbul Stock Exchange since 1996, our relationship with Is Investment will provide our US-based institutional clients with greater and broader access to one of the world's fastest growing economies,” said David Grayson, co-founder and managing director of Auerbach Grayson.
“Our partnership with Auerbach Grayson gives us a prominent platform in the US to build relationships with some of the largest institutional investors,” added IS Investment CEO Ilhami Koc. “We have been contemplating entering the US market for several years and this arrangement fits seamlessly into our overall strategy of global growth and continued commitment to delivering the highest quality research and execution services in Turkey's capital markets.”