Bellevue Group acquires 10% interest in US Broker Auerbach Grayson
(Thomson Reuters ONE) - Bellevue Group AG / Bellevue Group acquires 10% interest in US Broker Auerbach Grayson processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement. MEDIA RELEASEKusnacht, February 12, 2010Bellevue Group has agreed to purchase for the amount of USD 2.5 Mio a 10%minority interest in the US Broker Auerbach Grayson & Co in New York. Adesignated agreement was now signed by the two houses. Auerbach Grayson is aspecialised Broker in the US for worldwide research together with foreignpartner banks.Auerbach Grayson & Co (AGCO) was founded in 1993 and is led by co founderJonathan Auerbach and David Grayson. Jonathan Auerbach started his wall streetcareer in 1966 and worked amongst others for UBS and Deutsche Bank. David S.began his career in the brokerage industry in 1975 and worked amongst others forDiscount Brokerage Corporation and ABN Amro.Auerbach Grayson provides all US clients their specialized research of foreignshares through approximately 480 analysts in 127 local markets. AuerbachGrayson focuses on small, medium-cap and emerging market equities.Bellevue Group has cooperated now for three years with Auerbach Grayson. Thisagreement provides Bellevue broad access to the US market without having toestablish its own infrastructure. "We are the only Swiss Bank reaching out toUS investors who are interested in Swiss stocks through the Auerbach Graysonnetwork" explained Martin Bisang, CEO of Bellevue Group, and adds: "With the10% interest in Auerbach Grayson we aim to further expand in the US andreinforce our presence as a broker and asset manager through their network as awhole."For further information:Bellevue Group, Seestrasse 16, CH-8700 KusnachtJ?Schaeppi, CEO Bank am Bellevue, Tel. +41 (44) 267 67 67, js(at)bellevue.chBellevue GroupThe Bellevue Group is an independent Swiss financial group domiciled inK?cht. The parent company Bellevue Group AG is listed on the SIX SwissExchange. Bank am Bellevue is a provider of research and brokerage services inSwiss equities and selected international stocks as well as corporate financeservices. Bellevue Asset Management manages specialized equity investmentvehicles focused on selected sector and regional strategies and providesselected institutional asset management services.[HUG#1384186] --- End of Message --- Bellevue Group AGSeestrasse 16; Postfach K?cht/Z?h SwitzerlandWKN: A0LG3Z;ISIN: CH0028422100; Media Release_Bellevue Group: http://hugin.info/137269/R/1384186/342935.pdf
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Datum: 12.02.2010 - 13:18 Uhr
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