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Madrid and Paris, 14 October 2020.
BBVA and Franco-German financial services group ODDO BHF are entering into a strategic partnership in equity brokerage services in Iberia. Both parties have a leading position in their respective markets and have the ambition to leverage their complementary strengths to better serve their clients and gain market shares in Equity Capital Markets.
Through this partnership, BBVA’s corporate clients will benefit from the distribution capabilities of ODDO BHF, one of the leading European brokerage platforms, accessing a network of more than 600 Institutional Investors in Europe and the US and therefore maximizing the success of their primary transactions (IPO and capital increase).
The exclusivity in terms of ECM activities given to the ODDO BHF group by BBVA will enable ODDO BHF to offer its institutional clients access to the primary market deals of a leading banking group of the region. ODDO BHF adds a new domestic market to its platform and aims at becoming a key provider for research and execution services on Iberian stocks. The addition of new Spanish and Portuguese stocks to ODDO BHF coverage will strengthen the sectorial approach and overall research franchise with a target of approximately 600 stocks covered globally.
In terms of corporate access, this partnership is a guarantee of preferred access to the issuers and economic leaders in Spain and Portugal.
Commitment to the ECM franchise
Enrique Jimenez-Herrera, Head of Investment Banking & Finance at BBVA CIB: “I am delighted to announce this partnership. We have a leading corporate banking franchise in Iberia. ECM is a strategic service we provide and partnering with a leading pan-European broker like ODDO BHF will further strengthen our local position in primary equity markets and will enhance the services we provide to our corporate clients. This partnership underlines our commitment and ambition in the region in equity capital markets.”
Broader range of services and expertise
Christophe Tadié, Managing Partner of ODDO BHF and Head of Corporates & Markets: “We are very happy to partner with BBVA. The brokerage activity is an important part of ODDO BHF’s history and DNA with more than 200 dedicated staff members. This new partnership is part of our strategy to build alliances with major European banking groups in order to become a leading Eurozone brokerage platform. After the successful partnership with Natixis, and the alliance with ABN AMRO in the Benelux just recently announced, this new agreement will contribute to bring more value to the corporate clients of our strategic partners as well as to institutional investors.”