|By PR Newswire||
|December 17, 2012 03:30 AM EST||
MUMBAI, India, Dec. 17, 2012 /PRNewswire/ -- Baird, an employee-owned, international financial services firm, and Axis Capital, the investment banking subsidiary of Axis Bank, one of the leading private sector banks in India, today announced a strategic alliance for investment banking services, with an initial focus on cross-border mergers & acquisitions (M&A) between India and Europe, and India and the U.S. Through the alliance, the two leading investment banks will enhance their respective M&A offerings by leveraging each bank's strong knowledge of M&A and capital markets and specific industry sectors, as well as their deep corporate relationships within those sectors.
The alliance between Baird and Axis Capital is on an exclusive basis. While the initial focus is cross-border M&A, the relationship between the two banks also encompasses other investment banking engagements, subject to necessary regulatory approvals, such as public offerings in the U.S. and private placements of equity.
Baird is an employee-owned, international wealth management, capital markets, private equity and asset management firm with offices in the United States, Europe and Asia. Established in 1919, Baird has more than 2,700 associates serving needs of individual, corporate, institutional and municipal clients. Baird has nearly $97 billion in client assets. Baird ranked No. 21 on FORTUNE's 100 Best Companies to Work For in 2012 – its ninth consecutive year on the list. Baird's principal operating subsidiaries are Robert W. Baird & Co. in the United States and Robert W. Baird Group Ltd. in Europe. Baird also has an operating subsidiary in Asia supporting Baird's investment banking and private equity operations. For more information, please visit www.rwbaird.com.
About Axis Bank
Axis Bank is the third largest private sector bank in India. Axis Bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses. With its 1,741 domestic branches (including extension counters) and 10,297 ATMs across the country as of 30th September, 2012, the network of Axis Bank spreads across 1,113 cities and towns, enabling the Bank to reach out to a large cross-section of customers with an array of products and services. The Bank also has overseas offices in Singapore, Hong Kong, Shanghai, Colombo, Dubai and Abu Dhabi. The Bank's website www.axisbank.com offers comprehensive details about its products and services.