Jefferies has entered into an alliance with BPI Securities to distribute BPI Securities’ equity research on companies in The Philippines.
Under the alliance, Jefferies will distribute equity research on a co-branded basis to its global client base.
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In addition, BPI Securities will also serve as a main platform to provide Philippines local equity broking services to Jefferies.
Jefferies Asia CEO Michael Alexander said: "We are pleased to join forces with BPI Securities as we grow and strengthen Jefferies’ Pan-Asia equities business to meet the evolving needs of our global institutional clients’
Jefferies global head of equities Peter Forlenza said: "Working with BPI Securities is one of the ways in which we plan to continue the growth of our Asia Pacific business."
BPI Securities CEO Mike Oyson said: "BPI Securities will benefit from Jefferies’ robust global equities platform, and we believe that this new relationship will further strengthen our existing strong business by leveraging Jefferies’ global equity distribution platform."
Jefferies has already formed alliances in Australia, Indonesia, South Korea, Malaysia, Sri Lanka, Taiwan, Thailand and Vietnam from the past two years.
