Marco Polo Securities Partners Bangladesh's UniCap
Chaperoning deal to broaden global investment opportunities for Marco Polo clients.
Timothy Bourgaize Murray
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Marco Polo Securities has announced a partnership with UniCap Securities, a subsidiary of Union Capital Ltd, one of the largest non-bank financial institutions in Bangladesh.
Through Marco Polo's network, UniCap will provide unique research and execution services to US institutional investors. This arrangement will also broaden the scope of investment options outside of the US for Marco Polo's broker network.
"We've chosen Marco Polo because of its knowledge of the developing chaperone space and the team's experience with SEC Rule 15a-6, which establishes the requirements for chaperoning. Additionally, Marco Polo's services provide us with the availability and flexibility of using our own UniCap brand to speak, trade, and settle directly with the US buy side. It's an ideal partnership for non-US brokers looking to access US buy sides," says Wali Ul Islam, CEO at Unicap Securities.
The union represents a another milestone in Marco Polo's effort to bring the highest quality emerging markets research to the US institutional marketplace.
"We are continuing to add outstanding research and execution brokers to our stable of global brokers. UniCap typifies the quality of our broker network and enables Marco Polo Securities to expand our research offering into Bangladesh," adds Paul Karrlsson-Willis, president at Marco Polo Securities. "This continued expansion benefits our buy-side, HFT, and sell-side clients, as well as our partners like UniCap."
Marco Polo also has exclusive partnerships with China, India, Turkey, and Sri Lanka.