From the Wires
MeritKapital collaboration with Raiffeisen
MeritKapital is very pleased to announce its new engagement with Raiffeisen Bank International AG (RBI). RBI, through its holding company Raiffeisen Zentralbank Osterreich AG (RZB), is a leader in banking in Austria, a major player in Central and Eastern
By: PR Newswire
Nov. 8, 2012 07:48 AM
LIMASSOL, Cyprus, Nov. 8, 2012 /PRNewswire/ -- MeritKapital is very pleased and excited to announce its new engagement with Raiffeisen Bank International AG (RBI), which, for the most part, replaced its engagement with Pershing Securities Ltd.
RBI, through its holding company Raiffeisen Zentralbank Osterreich AG (RZB), is a leader in banking in Austria, a major player in Central and Eastern Europe, and also has a strong presence in Russia. Backed by a sound business model and strong financials, it garners strong ratings from leading rating agencies (A2, A, A from Moody's, S&P, Fitch) and is well diversified in its provision of custody, brokerage, asset management and commercial banking services.
MeritKapital is very pleased with this development as they believe they are now even better equipped to service an international client base, whose regional contingent is where Raiffeisen is strongest. Their other collaborators include Credit Suisse (RU), Deutsche Bank (RU), Coutts & Co., BSI Bank (subsidiary of Generali Group), Barclays, HSBC, Renaissance Capital, Broker Credit Service and Otkritie and have indirect partnerships with Euroclear, Clearstream, KAS Bank and Nomura. On the technology side MeritKapital has agreements with Sungard, Quik and Bloomberg amongst others.
MeritKapital is regulated by CySEC (#077/06) for the provision of custody, brokerage, investment advisory and portfolio management services. It is affiliated (by common shareholdership) with Meritservus, a leading fiduciary, tax structuring & advisory, accounting and corporate service provider in Limassol, Cyprus.
We shall keep you updated with further such positive company developments. Please contact us with any comments or queries email@example.com.
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