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equinet Bank AG in merger talks with Norwegian investment bank Pareto SecuritiesFrankfurt am Main, )
equinet Bank AG CEO Lutz Weiler commented: “The merger of equinet Bank and Pareto will pave the way for further business development. Participation in a globally active banking group will offer our clients a broader and more international market and product access.”
The German entity trading under the name Pareto Securities AG following the acquisition will continue to focus on the German small and mid-cap market. Pareto Securities’ current branch in Frankfurt will be integrated into the German company. “We’ve recently invested in our research and sales teams along with our CRM and IT systems. Our business is well positioned as a high-performance corporate broker in a changing market, and we can offer our clients attractive capital market access. We’re now aiming to gradually expand our market share while continuing to approach the German market as an independent entity with an enhanced workforce, deal flow and placing power”, Weiler added.
Ole Henrik Bjørge, Pareto Securities CEO, sees the equinet merger as an important step in the company’s international expansion strategy. “With the well positioned equinet team on board we will strengthen our presence in Central and Northern Europe. Germany is a key capital market in Europe and we believe our products, particularly our High Yield bonds, fit well into the German market. We are looking forward to building a broader German enterprise with equinet.”
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