Macquarie and Pakistan's Foundation Securities pair up

Macquarie Capital Securities signs a cooperative agreement with Pakistan's Foundation Securities to offer investment banking and securities services.

Macquarie Capital Securities, an affiliate of the Macquarie Group, and Foundation Securities, a Pakistan securities company, have signed a strategic cooperation agreement covering investment banking and securities operations.

The initial agreement enables Macquarie’s clients to receive co-branded equity research focused on Pakistan and to trade equities in the country, one of Asia’s key frontier markets. It also gives Foundation Securities’ clients access to Macquarie’s presence in global financial markets. The agreement includes exclusive partnering arrangements between Foundation Securities and Macquarie in relation to in-bound and out-bound equity capital markets transactions, mergers and acquisitions, and other corporate finance advisory work.

“This is a landmark agreement in one of...

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