Bangladeshi brokerage firm partners with Macquarie Securities Group to advance market research

BRAC EPL Stock Brokerage Limited's research agreement with MSG enables MSG’s clients to receive co-branded equity research on Bangladesh.

MSG, meanwhile, will act as the global distributor of the brokerage firm's research.

“As we continue to build our Asian platform, Bangladesh is a significant addition to our offering,” said Mark Duncan, Head of MSG, Asia. “By joining forces with BRAC EPL we are ensuring that our global client base will have access to unrivalled local market knowledge.”

MSG continues to expand into emerging markets in Asia and recently signed a strategic co-operation agreement with VinaSecurities, a leading Vietnamese securities company. MSG has one of the world’s strongest Asia research coverage with 1200 Asian stocks covered. The securities firm has membership of 22 exchanges and distribution capabilities into most major financial centres globally.

“We are pleased to partner with Macquarie Securities Group, whose strength and commitment in emerging markets is unparallel” said Saiful Islam, Managing Director of BRAC EPL Stock Brokerage Limited. “BRAC EPL has an excellent track record in facilitating foreign portfolio investment in Bangladesh, and our research team is best equipped to meet the information need of foreign institutional investors”.

BRAC EPL officially commenced operation under a new management team on 1 October 2009. It was previously known as Equity Partners Limited (EPL). BRAC Bank Limited acquired 51% of its equity in August 2009.