ICICI Bank, Oppenheimer Investment Banking Units Form Partnership
September 21 2011 - 7:06AM
Dow Jones News
Investment banking units of India's ICICI Bank Ltd. (532174.BY)
and the U.S.-based Oppenheimer Holdings Inc. (OPY) have agreed to
form a non-financial partnership to tap business opportunities in
the two countries, the companies said Wednesday.
ICICI Securities Ltd. and Oppenheimer & Co. Inc. have formed
a strategic alliance covering a wide range of securities activities
including equity and debt capital markets services, advisory
services, private equity transactions, and wealth management, the
companies said in a press statement.
ICICI Securities recently announced a similar pact with the
U.K.-based financial advisory group Collins Stewart Hawkpoint PLC
(CSHP.LN) to promote joint access to each others' core markets.
-By Ashutosh Joshi, Dow Jones Newswires; +91 22 6145 6120;
ashutosh.joshi@dowjones.com
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