Friday, 26 August 2016
Last updated 42 min ago
Dec 20 2006 | 12:37pm ET
International securities research firm Collins Stewart announced today that it has opened offices in the United States and is aiming to help U.S.-based hedge funds invest in companies listed on London’s Alternative Investment Market (AIM).
The firm said that Collins Stewart North America is creating the largest distribution network in the country for IPOs on the AIM. The launch follows its official separation from U.K.-based Collins Stewart Tullett in November.
The new North American business will be led by Joel Plasco, chief executive of the firm’s global stock broking business and Shawn McLoughlin, chief executive, North America.
“U.S. clients of Collins Stewart will benefit from an increased ability to access higher quality deals on the AIM than those of our competitors,” stated Plasco.
One result of the separation is that the equity businesses of Collins Stewart and Tullett Liberty Securities’ cash equities, American Depositary Receipts and derivatives businesses are now combined so that the new entity consists of three business areas: U.S. equities, international equities and derivatives.