Emkay Global Financial Services Ltd. a leading financial services company in India today signed an exclusive agreement with DBS Vickers Securities (Singapore) Pte Ltd, a wholly owned subsidiary of DBS Bank, the largest bank of Southeast Asia, for sharing of knowledge, co-branding of research and its distribution to the global clients of DBS Vickers.
The agreement, signed on Tuesday in Mumbai between DBS Vickers and Emkay, would facilitate DBS Vickers to enhance its service offering to its clients while enabling Emkay to expand its reach. The partnership would also involve Emkay and DBS Vickers to jointly organise, arrange and participate in events to showcase and market India Research Reports and India Equities.
On the occasion, Krishna Kumar Karwa, Managing Director, Emkay Global, said: "We are excited about this partnership. Emkay's equity research which is highly appreciated by its clients would now find a much wider audience base. Emkay Research would be able to leverage off DBS Vickers' Asia Research to increase the depth of its offerings to its domestic clients."
Kok Ann Lim, CEO, DBS Vickers, said: "This alliance will enable both DBS and Emkay to expand their horizon and benefit from each other's knowledge and expertise. It will augment the capabilities of DBS Vickers in servicing its clients in the emerging markets better, by empowering them with inclusive and insightful India equity research. This will be a win-win for DBS, Emkay and investors".
Timothy Wong, Head Group Research, DBS Bank, said: "The combination of sound fiscal management, favorable demographics and an emerging domestic demand base suggest that the best is yet to be for the Indian economy. Emkay is poised to leverage this strong brand and franchise to benefit from this growth".