22nd Sep 2010 07:00
22 September 2010
Daniel Stewart Securities PLC
("Daniel Stewart" or "the Company")
NEW ASIA OFFICE
Daniel Stewart opens Kuala Lumpur office - further boosting geographic reach and global sales force
Daniel Stewart (AIM: DAN.L), stockbroker and corporate finance adviser to smaller and medium-sized companies, is pleased to announce further geographic expansion with the opening of an office in Kuala Lumpur.
The office will be run by MENA-RL - Daniel Stewart's 100% owned international subsidiary which is headed by Adam Wilson. The Asian hub is already helping to drive business with Daniel Stewart named broker and joint-broker for AIM-traded Peninsular Gold and Biofutures International Plc respectively. It has also been appointed financial adviser to two other Malaysian based companies.
By further strengthening its international sales team and distribution channels, Daniel Stewart aims to benefit from increased opportunities to raise capital abroad as it builds on the momentum achieved in the year to date.
Earlier this year Daniel Stewart completed the acquisition or MENA-RL - which added significant regional presence across Europe, Africa and the six Gulf Cooperation Council ("GCC") Member States - with offices in Dubai and Cape Town. Additionally, it continues to benefit from increased activity in the US OTC QX market. A key driver here has been the Company'sresearch distribution arm in the US via its partner Madison Williams (previously called SMH Capital Inc).
CEO Peter Shea commented: "We are delighted to have opened the Asian office. This has already helped us bolster our client base and we see this as an essential region in which to expand our operations. Adam Wilson has been a driving force on this front through his expertise and strong contact base. We very much look forward to updating the market regarding further developments in the coming months."
Further information:
Peter Shea, Chairman and Chief Executive Daniel Stewart Securities Plc |
Tel: 020 7776 6550 |
Nick Rome Bishopsgate Communications Limited |
Tel: 020 7562 3366 |
Nick Tulloch Ed Groome Arbuthnot Securities |
Tel: 020 7012 2000 |
Notes to Editors:
About Daniel Stewart
Daniel Stewart Securities is an AIM-listed company providing a range of investment banking services to Small Cap publicly traded and non-publicly traded companies. The Group has two subsidiaries, Daniel Stewart and Company, the Group's principal operating subsidiary, which is authorised and regulated by the Financial Services Authority and is a member of the London Stock Exchange, and Daniel Stewart Capital, the Group's leasing and debt financing division.
Daniel Stewart is regulated by the FSA, is an AIM Nominated Adviser and PLUS Market corporate adviser, as well as being a regulated broker to both the Official List and AIM. It currently acts for approximately 50 AIM companies and is actively seeking to increase its client base with companies who will benefit from its specialised corporate advisory and institutional stock broking services.
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