Beltone’s Auerbach Grayson named best performing broker in Africa
New York-based brokerage firm Auerbach Grayson, a subsidiary of Beltone Financial, has been named the ‘Best Broker in Africa’ for Africa Investor’s 2018 Index Series Awards at NASDAQ Marketsite. This is the fifth time for Auerbach Grayson to receive this award.
Auerbach Grayson offers a full range of global in-depth research and trade execution to U.S. institutional clients through its network of local broking partners in over 125 countries. Backed by an ownership investment by Egyptian business leader Naguib Sawiris, Auerbach Grayson is a partner of Beltone Financial Holding, the leading investment bank in the Middle East and North Africa.
In addition to providing and implementing hedging and arbitrage strategies, the partnership allows Auerbach Grayson and Beltone Financial Holding to provide a larger offering of products and services enabling access to international frontier and established markets.
“We have been visiting and doing business in Africa for almost 25 years and I am proud to say that Auerbach Grayson has been one of the earliest, if not the first, non-African agent for this region’s economic development,” said David Grayson, co-founder and chief executive of Auerbach Grayson.
“Africa has a clear advantage in the generational, secular event we call ‘the leveling of the global economic playing field.’” Grayson added.
Auerbach Grayson has been actively investing in Africa on behalf of its clients and built its global coverage network by establishing partnerships with leading brokers in each operating market. The firm provides institutional investors with on-the-ground equity research, trading and settlement through exclusive relationships with local brokers in 23 sub-Saharan markets. On a global basis, they similarly cover more than 120 developed, emerging and frontier equity markets.
The Africa Investor Index Series Awards are the only international, pan-African awards that recognise and reward Africa’s institutional investors, stock exchanges, listed companies, stockbrokers, and capital market regulators. The awards assess performance between April 2017 and April 2018. The criteria for the best broker in Africa consist of the number of African companies covered, their ability to trade across multiple markets and currencies, the volume and values of shares traded as well as the quality of their research.
“The African Investor Award reaffirms Auerbach Grayson’s status as one of the most active brokers across the continent, with first-hand knowledge of specific countries, sectors and stocks that institutional investors should have on their radar,” Grayson said.