Moelis Australia Securities and Weeden & Co cross-pollinate
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Moelis Australia Securities and Weeden & Co cross-pollinate 09 July 2013Sydney Reporter: Georgina Lavers
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Moelis Australia Securities and Weeden & Co, a US institutional equity and fixed income broker, will ally to promote each company’s broker-dealer offering to each other’s institutional clients.
The alliance creates the opportunity to offer reciprocal broker-to-broker execution services and, subject to Financial Industry Regulatory Authority approval, for Weeden & Co to distribute Moelis Australia Securities’s equity research and capital markets transactions into US institutions.
Weeden & Co has hired Matthew McCloghry as a managing director, selling Australian securities to US institutions. Prior to this appointment, he worked as an equity salesman for Moelis Australia Securities, in Sydney, for five years.
Lance Lonergan, Co-CEO at Weeden & Co, said: “This partnership will provide client access to capital markets transactions, cutting edge research, and global best execution capabilities. By leveraging our respective franchises, we’re providing institutional clients with unique products and world class service.”
Simon Scott, managing director at Moelis Australia Securities in Sydney, said: “We are excited to partner with a highly regarded US broker-dealer that has deep and long-standing relationships with a wide range of US institutional clients. In addition, Weeden is known for excellence in global execution and that is a new service we can offer to Moelis’ Australian customers that want to invest outside of our home market.”
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