Santander has recently announced U.S. equity research alliances with Telsey Advisory Group and Vertical Research Partners.
These alliances expand Santander Corporate and Investment Banking’s research capabilities in the United States, complementing the Group’s market position in Europe and Latin America.
Santander Corporate & Investment Banking (Santander CIB) announced today that its U.S. broker-dealer Santander US Capital Markets LLC has entered into alliances with equity research firms Telsey Advisory Group LLC (TAG) and Vertical Research Partners LLC (VRP).
TAG and VRP are said to be recognized sector participants with established track records, “highly regarded” analysts and “clear visions” for expansion.
TAG is reportedly a prominent equity research firm with a “strong” institutional equity sales and agency trading platform “focused on the Retail & Consumer and E-commerce sectors, covering close to 100 companies.”
VRP is an equity research firm focused “on the Industrials & Materials sectors, covering over 120 companies.”
The firms will provide services for their respective sectors in the United States to enable Santander to provide its clients with U.S.-based equity research.
As explained in the announcement, Santander will now aim to benefit from the two firms’ leading expertise and institutional relationships, while TAG and VRP will gain advantages from Santander’s “extensive scale, geographical reach and financial market knowledge and capabilities.”
David Hermer, Head of Santander CIB US said:
“Today’s announcement complements our U.S. growth strategy across all industry and product groups over the past 18 months. The addition of these top-notch equity research firms completes the full suite of product capabilities we deliver to our corporate clients globally and strengthens Santander’s equity capital markets offering in the U.S.”
Dana Telsey, Founder and Chief Executive Officer of Telsey Advisory Group, commented:
“We are thrilled to work with Santander, one of the largest global banks, as they accelerate their U.S. capital markets business. We look forward to collaboratively leveraging the U.S. consumer research product and institutional relationships of TAG with the complete set of services that Santander provides to its corporate clients. With Santander’s leading market position in Europe and Latin America, the bank’s growth strategy in the U.S. aligns with TAG’s.”
Jeffrey Sprague, Founder and Managing Partner of Vertical Research Partners said:
“We look forward to leveraging our market-leading Industrials & Materials research platform with the global scale and financial markets expertise of Santander to better serve our respective clients and open new avenues of mutual growth.”