|
The introduction of the Euro (January 1st 1999) created a new pan-European market, bringing tremendous change to financial markets and investors alike. In equity markets, asset allocation policies became much more sector based rather than country based. Within sectors, local brokers are increasingly competing with global brokers.
However, “country effect” is still critically important to performance. In order to provide top quality pan-European coverage, a group of banks and brokerage firms created European Securities Network LLP (“ESN”), a company that creates common standards of cooperation in equity research, while each ESN member maintains its independence and distinct responsibilities.
ESN members are committed to jointly developing and distributing their European strategy and sector research by working together to analyse stocks and process orders on European Markets. Each ESN member aims at maintaining its unique identity ("local flavour") and focuses its research mainly on domestic companies, both big caps and small & mid caps alike.
The central pillars of ESN organisation’s strategy are independence, local expertise and commitment to providing a top quality research & sales service to all of our clients.
A different approach
a Multi-local network with a strong domestic expertise, not a global network
a strong local research capability (“local flavour”), covering not only blue chips but also medium & small caps, with a common European sector approach (“common view and reliable common figures for sector comparisons”)
a model of independent research with execution capability across Europe
a common equally owned company (European Securities Network LLP) to show a strong commitment by the top management of each Member and to strengthen credibility versus third parties
|