Auerbach Grayson Named Best-Performing Broker In Africa
Firm Receives Award from Africa Investor Three out of Four Years
NEW YORK, Oct. 9, 2013 /PRNewswire/ -- Auerbach Grayson & Company LLP, Inc., a New York-based brokerage firm that specializes in providing global trade execution and exclusive local research to institutional investors, was named "Best-Performing Broker in Africa" at the 2013 Africa investor (Ai) Index Series Awards at the New York Stock Exchange. The firm has received the award three out of the past four years.
"We are proud to receive such a prestigious honor as this reaffirms our status as one of the most active brokers in Africa," said David Grayson, chief executive officer and co-founder at Auerbach Grayson. "We have been one of the earliest non-African facilitators of economic development throughout the region and will continue to serve as a catalyst for investment in this part of the world."
Auerbach Grayson has been investing in Africa for more than 15 years. The firm builds its global coverage network by establishing exclusive partnerships with leading local brokers and banks in each operating market. It provides U.S. institutional investors with on-the-ground equity research and an in-depth, unbiased view of the local market. Auerbach Grayson currently covers more than 125 developed, emerging and frontier equity markets.
The Africa investor (Ai) Index Series Awards are the only international, pan-African awards that recognize and reward Africa's institutional investors, stock exchanges, best-performing listed companies, stockbrokers and capital market regulators. The awards assess performance between July 2012 and July 2013. Brokers are judged on the number of African companies covered, their ability to trade across multiple markets and currencies, efficiency of execution and bank office best practices, the volume and values of shares they trade, the number of block trades they undertake and the quality of their research.
"Investors looking to put their money into thriving international markets should consider adding East African countries to their portfolio, as the region is showing tremendous opportunities for growth," said Colin Bell, director of sales for Africa, the Middle East and South Africa at Auerbach Grayson. "We've seen an uptick in demand from investors looking for exposure in those markets, due in part to the region's newfound energy reserves and the government's prioritization of growth and stability."
About Auerbach Grayson (www.agco.com)
Founded in 1993 in New York City by Jonathan Auerbach and David Grayson, Auerbach Grayson offers a full range of global in-depth research, trade execution and settlement services in equities, derivatives and fixed-income instruments to U.S. institutional clients through its network of local broking partners in over 125 countries. In addition, the firm provides and implements hedging and arbitrage strategies. Auerbach Grayson is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC).
CONTACT:
Beth Leri
Prosek Partners
212-279-3115 ext. 227
[email protected]
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