Exotix Capital, the leading investment bank in developing markets, and NCB Capital, the leading investment bank and largest asset manager in the Kingdom of Saudi Arabia and the Middle East, today announce a new partnership to provide global frontier and emerging market investors deep research insights and local execution in the rapidly developing Kingdom of Saudi Arabia.
“This partnership represents a major step in the expansion of our global research and trading capabilities and seizes on the tremendous opportunity and interest we’re seeing from our clients in investing in the Kingdom of Saudi Arabia,” said Duncan Wales, CEO of Exotix Capital. “In NCB Capital, we’ve chosen an institution whose capabilities and capacity are unrivalled in terms of research, advisory and broking.”
NCB Capital’s Head of Securities Division, Mohammed Al-Nory, said: “The Kingdom of Saudi Arabia has entered a new phase, characterized by economic reforms to diversify, strengthen and grow the economy. We believe that this transformation, together with recent upgrades to key emerging market benchmark indices, will lead to tactical and long term stock market opportunities for equity investors. Our partnership with Exotix enables investors to make well informed investment decisions and benefit from such opportunities.”
This new partnership follows partnership agreements this year with leading brokerages Intermarket Securities in Pakistan, Pharos Securities in Egypt and IH Securities in Zimbabwe.
“Our goal is to provide our clients with the highest quality on-the-ground insights, advisory and execution to support investment decisions throughout developing economies worldwide,” said Paul Domjan, Head of Research, Analytics & Data at Exotix. “We are very proud of our research coverage led by Hasnain Malik on equities and strategy and Stuart Culverhouse on bonds and economics, and we look forward to expanding our research efforts as we integrate coverage of the Kingdom of Saudi Arabia into the extended research offering of our partnership network.”
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About Exotix:
Exotix Capital provides the most comprehensive and integrated cross-asset platform to penetrate the full capital structure in developing markets worldwide. Analysts spanning Emerging Europe, the Middle East, Africa, Asia and the Americas cover over 170 companies and government entities, more than any Frontier Markets firm. Stretching well beyond the equity and fixed-income markets, the Exotix advisory team provides the full range of investment banking services to companies, financial institutions, investment funds and governments. These include strategic advisory assignments from debt capital to private equity fund raising. More information is available at www.exotix.com
About NCB Capital:
NCB Capital was founded in 2007 as the investment banking and asset management arm of the National Commercial Bank. NCB Capital is the largest asset manager in the Kingdom of Saudi Arabia and the Middle East as well as the biggest Sharia-compliant asset manager globally, with over USD 37 billion of assets under management. NCB Capital is GIPS compliant and the firms Asset Management practice is rated MQ1 by Moody’s.
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