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Morgan Stanley acquires minority stake in Auerbach Grayson

Morgan Stanley has purchased a minority stake in New York based brokerage firm Auerbach Grayson & Company, for an undisclosed sum.

The acquisition of stake in Auerbach, which focuses on global trade execution and exclusive in-depth research for US institutional investors, will provide Morgan Stanley with greater access to emerging and frontier markets.

After completion of the transaction, the brokerage company will become a Morgan Stanley executing broker in certain emerging and frontier markets, especially in markets where the US has no local presence.

Auerbach Grayson managing director and co-founder David Grayson said that the deal will provide Morgan Stanley with access to its network of local brokers and view this as a critical step in putting more emerging and frontier markets on the investment scenario.

Lazard Middle Market acted as financial advisor to Auerbach Grayson.

Established in 1993 in New York City, Auerbach will continue to operate as an independent entity following Morgan’s investment.

Managing over 1,200 offices in 43 countries, Morgan Stanley offers an array of investment banking, securities, investment management and wealth management services.