“We are delighted to have been accredited as a Euronext listing sponsor,” said Ebrahim Attarzadeh, CEO at MainFirst Bank AG. “The listing sponsor accreditation emphasizes our high level of competence in allcapital market business matters.” Euronext requirements for accreditation in this capacity include comprehensive expertise in advising businesses on their capital structure and strategy, a proven track record in equity transactions, qualified and experienced staff and adherence to certain compliance requirements.
“It is an honour for us as a Euronext listing sponsor to work even more closely with companies in Euronext core markets too. This means we can jointly develop appropriate capital market strategies and monitor them in their IPO,” Attarzadeh said. “Accreditation as a Euronext listing sponsor dovetails with ou rEuropean growth strategy. Our acquisition of the institutional brokerage business in European equities from Raymond James in Paris and London will enable us to further expand our strengths in distribution and research. We would also like to expand the M&A advisory business, fixed income and debt capital markets following Stifel's planned purchase of MainFirst Bank AG,” Attarzadeh stressed.
MainFirst Bank AG acquired the institutional brokerage business in European equities from Raymond James in Paris and London in December. The merger with the leading full-service middle-market investment bank Stifel Europe is expected to be completed in the first quarter of 2019. It will create a pan-European platform with deep local expertise and distribution power throughout Europe's major markets. MainFirst Bank AG will also add significant capital raising abilities to Stifel’s strong equity issuance business.