Media Room

Rosenblatt Securities and Ak Investment Announce Exclusive Pact to Bring Turkish Research to US Investors

Tuesday, October 20, 2015

New York and Istanbul, October 20, 2015. Rosenblatt Securities, one of North America’s leading boutique brokerage firms, and Ak Investment, one of the leading brokerage firms in Turkey and a wholly-owned subsidiary of Akbank (AKBNK.TI), are pleased to announce that they have signed an exclusive agreement to bring Turkish research, corporate access, capital-markets transactions and execution services to US institutional investors.

Ak Investment has a veteran group of analysts, with an average of more than ten years of experience. A key competitive advantage of the research team is its access to C-level management of the companies under its coverage, as well as key individuals in public institutions such as the Treasury and Central Bank in Ankara, which lie at the heart of key macroeconomic developments and decision-making.  Ak Investment’s equity analysts cover 65 Borsa Istanbul-listed companies, comprising approximately 85% of the exchange’s total market capitalization and trading volume, and are ranked among the top analysts in Turkey.  The Ak Investment research department was ranked No. 1 among 33 foreign and domestic brokerage houses covering Turkey in the 2015 Extel Survey’s best research team category.

“This collaboration agreement is consistent with Ak Investments’ global expansion plan and marks a big step in growing our international product offering and capabilities.  We have been successful domestically, in the Middle East and in Europe by leveraging our market-leading position in Turkey, but teaming up with Rosenblatt will allow us to capitalize on its access to US institutions, the largest pool of investment assets globally,” said Mert Erdoğmuş, CEO of Ak Investment. “Rosenblatt was our clear choice for a US partner for several reasons: its reputation among institutional investors, its focus on distributing best-of-breed foreign research and its No. 1 ranking on the floor of the NYSE.”

“Working with Ak Investment is an honor and an exciting opportunity,” added Joe Gawronski, President and COO at Rosenblatt. “And the timing for the launch couldn’t be better; given recent geopolitical developments and the upcoming election on November 1, US institutions are more interested than ever in better understanding on-the-ground developments in Turkey.  We’ll now be able to satisfy that demand by providing access to the country’s pre-eminent research firm.”

The deal represents another milestone in Rosenblatt’s effort to bring best-in-class research from outside the US to its institutional customer base.  The breadth and depth of the firm’s coverage illustrates its transformation from execution-only roots to a trusted source of differentiated, valuable investment research.  Rosenblatt also has exclusive distribution partnerships with China Merchants Securities, Taiwan’s SinoPac Securities, Attijari Intermediation in Morocco, CardinalStone Partners in Nigeria, Global Investment House in Kuwait and Old Mutual Securities in Kenya.  Rosenblatt and its partners now offer clients research from dozens of analysts covering more than 1,500 companies in 18 countries.

About Rosenblatt Securities: Rosenblatt Securities is an independent institutional brokerage founded in 1979 and headquartered in New York.  The firm represents clients on an agency-only basis in equities, ETFs, and listed-derivatives markets. Rosenblatt is the largest broker by volume operating on the New York Stock Exchange floor.  It also offers cutting-edge “upstairs” trading services, including both program and single-stock execution.  The firm provides industry-leading execution analytics, market-structure analysis, consulting and investment-banking services to a wide variety of clients globally, including institutional investors, exchanges, government entities, technology companies, banks, brokers and proprietary-trading firms.  Its growing research offering includes coverage of financial services, technology, media, and telecommunications and emerging, frontier and developed markets.  Member NYSE, FINRA, SIPC. For more information, please go to www.rblt.com.

About Ak Investment: Ak Investment was established in 1996 to conduct capital-markets activities in accordance with the Turkish Capital Markets Law and relevant legislation provisions.  Ak Investment is a wholly-owned subsidiary of Akbank (AKBNK TI) and has paid capital of TL30,000,000.  Growing consistently and rapidly since the day it was established, Ak Investment offers domestic and foreign capital-markets products to retail and commercial customers with its experienced sales department, comprehensive research reports, and customer-oriented service approach.  Ak Investment provides its clients with the full range of services for public offerings, including initial structuring and valuation work, management of the Capital Markets Board of Turkey (SPK) and Borsa Istanbul processes, and direction of road shows and domestic and overseas marketing and sales.  Since 2005, Ak Investment has successfully managed numerous public offerings raising more than US$3 billion.

Ak Investment offers fast, reliable, investor-friendly and high-quality services in mutiple asset classes and geographies through its expert staff working in its headquarters and 13 offices located in major cities.  The “TradeAll” brand of Ak Investment allows easy, quick and secure transmission of all investor transactions in domestic and foreign capital markets.  To learn more about Ak Investment, please visit the Company’s web site at https://www.akyatirim.com.tr/homepage.as.

more news »