IIFL-Auerbach Grayson: Mutual Decision to End Partnership
MUMBAI, June 8/PRNewswire-AsiaNet/--
After nearly one and a half years of association, IIFL and Auerbach
Grayson have mutually decided to part ways. The partnership will terminate
with effect from 10th of June, 2009.
In line with the goal to build a direct presence in US, IIFL has recently
hired Anindya Chatterjee to head its efforts in the US. Anindya brings more
than fifteen years of capital markets experience to IIFL. Prior to joining
IIFL, Anindya has held senior roles as Managing Director at Jefferies & Co,
where he headed Emerging Asian (China & India) equity research, as Strategist
and Economist focused on Non-Japan Asia for Bear Stearns & Company in Hong
Kong, IDEA INC. in New York, and NatWest Markets in Singapore. He also was
the Head of Research at ANZ Investment Bank in India.
IIFL is the institutional equities division of India Infoline Ltd. In
less than two years, IIFL has already won recognition from a number of
clients as a house with top-quality, incisive and timely research. IIFL's
client roster includes leading foreign and domestic institutional investors.
India Infoline is a listed multi-services financial services company with a
market capitalization of about US$1 billion. IIFL currently has offshore
offices at New York, Dubai and Singapore.
About IIFL
IIFL is a premier institutional equities house with activities spanning
investment banking, equity research and private equity. Headquartered in the
financial hub of Mumbai, India; IIFL has overseas offices in Singapore, Dubai
and New York. With a team of 25 research analysts, IIFL provides in-depth
analysis of India with plans to extend its presence to other Asia Pacific
markets.
IIFL is a part of the India Infoline group, comprising the holding
company, India Infoline Ltd (NSE: INDIAINFO, BSE: 532636) and it's
subsidiaries, which is one of the leading players in the Indian financial
services space. India Infoline offers advice and execution platform for the
entire gamut of financial services covering products ranging from Equities
and derivatives, Commodities, Wealth management, Asset management, Insurance,
Fixed deposits, Loans, Investment Banking, GoI bonds and other small savings
which is one of India's leading online destinations for personal finance,
stock markets, economy and business.
India Infoline has recently been awarded the 'Best Broker, India' by
FinanceAsia and the 'Most improved brokerage, India' in the AsiaMoney polls.
India Infoline has also won the 'Fastest Growing Large Broking House' award
by Dun & Bradstreet. A forerunner in the field of equity research, India
Infoline's research is acknowledged by none other than Forbes as 'Best of the
Web' and '...a must read for investors in Asia'. India Infoline's research is
available not just over the Internet but also on international wire services
like Bloomberg, Thomson First Call and Internet Securities where it is
amongst one of the most read Indian brokers.
A network of 1,361 business locations spread over 428 cities and towns
across India facilitates the smooth acquisition and servicing of a large
customer base. All our offices are connected with the corporate office in
Mumbai with cutting edge networking technology. The group caters to a
customer base of about a million customers, over a variety of mediums viz.
online, over the phone and at our branches.
India Infoline refers to India Infoline Ltd and its group companies.
For further information, please contact:
Anindya Chatterjee, IIFL Inc
28 West, 44th Street,
16th floor,
New York - NY 10036
Tel: +1-646-248-0525
Fax: +1-646-429-1495
Email: anindya@iiflcap.com
Harshad Apte, India Infoline Ltd.
75, Nirlon Complex,
Off: W.E.Highway, Goregaon (East),
Mumbai - 400065
Tel: +91-22-4249-9300
Fax: +91-98676-86233
Email: harshad@indiainfoline.com
Source: India Infoline Ltd.
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