CALGARY and NANJING, China, Sept. 29, 2015 /CNW/ - AltaCorp Capital Inc. ("AltaCorp"), and Nanjing Securities Co., Ltd. ("Nanjing Securities") today jointly announced the formation of a strategic partnership that will enable unprecedented industry and country specific knowledge and cooperation sharing between the two companies. AltaCorp and Nanjing Securities will explore extensive cooperation opportunities in the areas of investment banking, equity capital markets, debt capital markets, institutional sales & trading, institutional equity research and private wealth management.
"AltaCorp is very pleased to have an industry leader such as Nanjing Securities as our partner in China," said George Gosbee, Chairman and CEO AltaCorp. "Nanjing Securities' expansive platform will allow us to offer broad knowledge and expertise of the Chinese market to cater to the needs of current and potential clients. We see great potential in the Chinese market and the partnership will help us better access that market."
"Nanjing Securities is very pleased to have AltaCorp as our first partner outside China," said Guoxun Bu, Chairman, Nanjing Securities. "The partnership is an important step for Nanjing Securities' international strategy and is an exciting opportunity for us to offer cross-border services to our clients. AltaCorp will play an important role to help us access the North American market, we anticipate a growing number of China based corporates and individuals seeking overseas opportunities and, with the partnership we are well positioned to help them along the way."
About AltaCorp Capital Inc.
AltaCorp Capital provides advisory and institutional services including Corporate Mergers & Acquisitions, Equity Financings, Debt Capital Markets, Acquisitions & Divestitures, Equity Research and Sales & Trading, to corporations driving Western Canada's key economies: Energy, Agri-Industry, and Energy Infrastructure & Industrials. AltaCorp is in a strategic partnership with ATB Financial, Alberta's largest financial institution with assets over $37.7 billion. ATB provides Commercial Lending, Business & Agriculture Industry Banking, and Retail and Investment Services. AltaCorp Capital is a member of IIROC, CIPF, FINRA, and SIPC.
About Nanjing Securities Co., Ltd.
Nanjing Securities is a full service China Securities Regulatory Commission ("CSRC") approved financial services provider based in Nanjing, P.R. China, the company provides Investment Banking, Research, Securities Brokerage, Asset Management, Sales & Trading Services, etc. It was established in 1990 as one of the earliest founded securities companies in China. Nanjing Securities has assets of 50 billion RMB (CAD$10 billion) as of 2014 and net income over 800 million RMB (CAD$170 million) in 2014. Nanjing Securities operate across the country and has offices in major financial hubs in China besides Nanjing including Beijing, Shanghai, Shenzhen, Guangzhou, Chongqing, etc.
SOURCE AltaCorp Capital
Image with caption: "AltaCorp Capital (CNW Group/AltaCorp Capital)". Image available at: http://photos.newswire.ca/images/download/20150929_C1318_PHOTO_EN_506361.jpg
Image with caption: "Nanjing Securities (CNW Group/AltaCorp Capital)". Image available at: http://photos.newswire.ca/images/download/20150929_C1318_PHOTO_EN_506364.jpg
For further information: Shauna MacDonald, Brookline Public Relations for AltaCorp Capital Inc.,Telephone: 403-538-5645, Cell: 403-585-4570, Email: [email protected]