Liberum enters into joint venture with CGS-CIMB

We are pleased to announce that Liberum has entered into a joint venture with CGS-CIMB, a Singapore-headquartered integrated brokerage. Effective from 15th February 2021, the new joint venture demonstrates Liberum’s commitment to delivering a differentiated offering to clients globally.

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Liberum’s all-cap, Pan-European equity research will be co-branded and distributed to CGS-CIMB’s institutional clients in Asia, enhancing Liberum’s global distribution capabilities and marking the first time its research will be made available to institutional investors in the region. Liberum will also become CGS-CIMB’s exclusive execution partner for Pan-European equities. The joint venture brings particular benefits to Liberum’s corporate clients, opening up new geographies and access to new pools of capital.

Bidhi Bhoma, Chief Executive Officer, Liberum:
“We are excited to be entering into this partnership with CGS-CIMB, which marks the first time that our research will be made available to institutional investors in Asia. I am confident that our differentiated research product and expert execution will bring value to CGS-CIMB and its clients, and we look forward to exploring the opportunities that can be unlocked as part of the partnership.”

Carol Fong, Group CEO at CGS-CIMB:
“In pursuit of our goal to have a global brokerage partnership model equivalent to the airline industry’s ‘Star Alliance’ model, we are pleased that one of the last critical geographic components to our global JV model was completed last week with Liberum for the European market. Few Asian competitors, after conclusion of our latest partnership with Liberum, can provide Asia-based institutional investors, comparable global market access and global research coverage that CGS-CIMB can provide”.

Contact:

FTI Consulting
Ed Berry / Laura Ewart
+44 (0)7703330199 / +44 (0)7711387085
liberum@fticonsulting.com

To read the full press release click here.

 

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