RNS Number : 7097F
Ambrian Capital PLC
13 October 2008
PRESS RELEASE: 13/10/08
Mizuho Securities USA Inc. and Ambrian Commodities Limited Enter Into
Co-operative Arrangement to Offer LME Services Globally
Alliance Provides Clients with a Broad Range of Execution Services
London - 13 October 2008 - Mizuho Securities USA Inc. ('MSUSA'), the U.S. securities and futures arm of the Mizuho Financial Group which is one of Japan's largest financial institutions, and Ambrian Commodities Limited ('Ambrian'), a subsidiary of Ambrian Capital plc, a leading London-based natural resources investment bank, have entered into a co-operative arrangement to provide London Metal Exchange ('LME') futures and options brokerage services to clients globally.
Under the terms of the agreement, MSUSA's clients will have access to Ambrian's LME execution services.
Frank Mullins, Head of MSUSA's Futures Division, said, 'Ambrian is a well respected member of the London Metal Exchange which is the world's premier non-ferrous metals market. The arrangement with Ambrian will allow MSUSA to offer its clients around the world direct access to Ambrian's execution capabilities so that MSUSA can focus on providing global clearing services'.
Tom Gaffney, CEO of Ambrian Capital plc, said, 'We are proud to be working with MSUSA, a subsidiary of one of Japan's largest financial institutions, and are excited about the prospect of providing an enhanced service to our clients as well as gaining the opportunity to offer our LME trading services to MSUSA's client base.'
For further information please contact:
Robert Alexander Tel: +44 (0)20 7776 5852
Kevin Green Tel: +44 (0)20 7776 5865
Malcolm Freeman Tel: + 44 (0)20 7634 4700
Managing Director, Ambrian Commodities Limited
Charlotte Kirkham/Harriet Totty Tel: +44 (0)20 7153 1531/1590
Mark Connolly Tel: +44 (0)20 7523 8350
MSUSA is the U.S. securities and futures arm of the world-wide Mizuho Financial Group. Together with its affiliate, Mizuho Corporate Bank Ltd, one the world's premier wholesale banks, MSUSA provides innovative solutions to the financial requirements of its clients.
MSUSA's Futures Division is a global Futures Commission Merchant ('FCM') providing institutional and corporate clients with efficient and cost effective access to commodity and financial markets around the world. The Futures Division has its principal office in Chicago, Illinois and has offices and affiliates in most major international financial centres.
For further information on MSUSA please visit : www.mizuhosecurities.com
About Ambrian Capital plc :
Ambrian Capital plc, based in London, is an independent investment bank focused on the natural resources sector. Ambrian Capital has three wholly-owned subsidiaries : Ambrian Commodities Limited, an Associate Member of the London Metal Exchange and a broker-dealer of LME futures and options; Ambrian Metals Limited, a physical metals merchant and Ambrian Partners Limited, a corporate finance adviser, stockbroker and member of the London Stock Exchange. Ambrian Capital plc is listed on the AIM market of the London Stock Exchange (AIM : AMBR).
For further information on Ambrian please visit : www.ambrian.com
This information is provided by RNS
The company news service from the London Stock Exchange