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Turkish investment bank expands to New York

Turkey’s leading investment banking services and asset management group, ÜNLÜ & Co, has announced it has set its sights on becoming the leading investment bank in the region. As a step toward this goal, which requires an on-the-ground presence in the finance capitals of the world, ÜNLÜ & Co has obtained a license for brokerage activities and opened an office in New York, the bank said in a press release on Sept. 30. The company said it also aimed to step into the Iranian market in a gradual manner.

This makes ÜNLÜ & Co the only Turkish finance group to engage in investment banking services in the United States, said the company.

Speaking at a press conference to celebrate 20 years in service, ÜNLÜ & Co Chairman and CEO Mahmut L. Ünlü said that their objective was to establish a presence in key financial centers worldwide, adding that the license for brokerage services in New York represented a major step.

“The license will enable us to serve the U.S.-based funds that invest in developing countries. We will thus play an important role in introducing more U.S. funds to Borsa Istanbul as well as other markets that ÜNLÜ & Co will operate in, in the near future,” he said.

With 20 years of experience, ÜNLÜ & Co was seeking to reinforce its leadership in Turkey while expanding to the Middle East and North Africa, aiming to reach a leading position in the region within 10 years, noted the company.

 

Source: hurriyetdailynews.com , Sept. 2016

 

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