Jefferies and BOCI In Strategic Alliance
Jefferies LLC today announced that it has entered into a strategic alliance with BOC International Holdings Limited (“BOCI”), a wholly owned subsidiary of Bank of China. Under the agreement, BOCI and Jefferies will have the ability to jointly provide investment banking advisory and capital markets services to clients globally. In addition, BOCI and Jefferies will distribute co-branded equity research to their global base of institutional clients and will continue to provide sales and trading services to their clients with respect to the China and Hong Kong equity markets
Benjamin Lorello, Global Head of Investment Banking at Jefferies, commented, “Our alliance with BOCI will allow us to better serve our clients in the US, Europe and Asia by providing unparalleled access to Chinese corporates and state owned enterprises through BOCI’s expansive footprint across China. Similarly, we will be able to better serve the strategic and capital markets needs of BOCI’s clients by providing access to Jefferies extensive network of corporate clients and to our capital markets capabilities across the U.S., Europe and the rest of Asia.”
“As part of Jefferies ongoing effort to meet the ever-changing needs of our global institutional clients, we are very pleased to begin working with BOCI. This alliance will strengthen our combined global investment banking and Pan-Asia equities businesses and strengthen our ability to provide our clients with market-leading ideas, strategies, execution and distribution,” added Michael Alexander, Chief Executive Officer of Jefferies Asia.
“We believe strongly in the value that this alliance will bring to our clients. The combination of local and global market insights will help us better serve clients’ sales and trading needs in the region,” commented Peter Forlenza, Global Head of Equities at Jefferies.
Wang Zhongze, Chief Financial Officer of BOCI, said, “At BOCI we are always committed to bring the best services to meet our clients’ requirements, and it is in our DNA to continuously seek innovative solutions for the interests of our clients. This collaboration will leverage both parties respective strengths in China and the other international financial markets to achieve a win-win-win for our clients, BOCI and Jefferies. The alliance with Jefferies is a perfect demonstration of our willingness to collaborate with other companies to give our clients the best-in-class products and services.”