Wednesday, March 21, 2007

Credit Suisse launches Indian brokerage operations

Zurich-based global bank Credit Suisse has launched of its securities brokerage operations in India. Credit Suisse holds a broker dealer license in the Bombay Stock Exchange and National Stock Exchange and will focus on equity sales and trading and research in India. Initially, the India operations will be run by about 40 people with addition of 20-30 more over the year.

The company would later bring the full range of its products including asset management and private banking as regulations for financial services in India open up. The company would also offer investment banking services in new equity issuance and merger and acquisition activities at a later stage.

Credit Suisse acted as the lead financial adviser to the UK-based steel major Corus in its acquisition by Tata Steel. Credit Suisse is also leading the provision of financing Tata Steel in the deal.

Read The Economic Times article.

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