Collins Stewart, the US Securities Division of Collins Stewart Hawkpoint, and Morgan Joseph TriArtisan LLC, have formed a joint venture, CSMJ Capital Markets.
Within the US, CSMJ Capital Markets will enhance the capabilities of each firm to originate and execute domestic US public and private equity offerings and placements. To this end Collins Stewart LLC’s US equity sales and trading personnel will work with the investment and merchant bankers of Morgan Joseph TriArtisan.
"With the extensive distribution capabilities of Collins Stewart and the client base and investment banking expertise of Morgan Joseph TriArtisan, this joint venture will be one of the largest operations dedicated to providing middle market companies access to the equity capital markets worldwide," says Mark Whaling, President of Collins Stewart LLC.
CSMJ Capital Markets will provide corporate clients of the two firms with access to an expanded array of advisory and financing services and a distribution capability supported by 50 sales and trading executives covering over 1,000 institutional investors.
Collins Stewart LLC has 15 research analysts in the US working closely with 20 analysts in the UK providing globally focused research across 10 sectors and over 300 companies. Select Morgan Joseph TriArtisan research analysts will move to Collins Stewart LLC.
"We are very excited about the joint venture. Providing our clients access to the Collins Stewart sales force and extensive research capabilities will provide enhanced capital markets access to our banking clients that is unparalleled in the middle market. Also, with the additional research sectors covered by Collins Stewart, we will have the opportunity to expand our banking into these industries," says John F Sorte, Executive Chairman of Morgan Joseph TriArtisan.