Natexis Banques Populaires and DZ Bank have extended indefinitely their partnership agreement to provide equity research reports and servic

Natexis Banques Populaires and DZ Bank have extended indefinitely their partnership agreement to provide equity research reports and services.

Clients of Natexis Bleichroeder - the stock-broking arm of Natexis Banques Populaires (NBP) - will now continue to have exclusive access to the pooled equity research capabilities of the two banks.

Under the agreement, Natexis Bleichroeder will have exclusive distribution of DZ's equity research and analysis services for all global English-speaking territories, and non-exclusive distribution for all non-German speaking territories of Europe, for an unlimited period.

Olivier Schatz, CEO of Corporate and Institutional Banking and markets, represented Natexis Banques Populaires at a signing ceremony at DZ Bank in Frankfurt today, along with Geoffrey de Beauregard, Global Head of Equity Group, and Ernie Ferriday, CEO of Natexis Bleichroeder UK Ltd. Heinz Hilgert, a member of the executive board, Klaus Holschuh, Head of Research, and Lothar Weniger, Head of Equities Research, represented DZ Bank.
 
'The existing agreement has worked extremely well - evolving into a core strategic product for the equity group,' says Ferriday. 'And the strong co-operation that has developed between the two banks since 2003 has led to this new agreement - an indefinite extension of the shared capability. It will be a fully-formed equity research and distribution joint venture going forward.'

The pooled entity has become a powerhouse in Franco-German equity research - allowing Natexis Bleichroeder to offer its London clients in particular access to a depth and range of stocks previously only offered by specialists.

Background notes: Natexis Bleichroeder revolves around three divisions:

• Natexis Bleichroeder Inc. (USA)
• Natexis Bleichroeder Ltd (Great Britain)
• Natexis Bleichroeder SA (France)