Craig Williams

Citigroup Global Markets, Inc. (Broker) (CGMI-Broker) is the broker/dealer division of Citigroup Global Markets, Inc., an investment bank headquartered in New York City with additional offices across the US. The firm was founded in 2004 and is a subsidiary of Citigroup Financial Products, Inc., ultimately held by Citigroup, Inc. (NYSE: C). CGMI-Broker covers all market capitalizations of the major global indices and provides macro and quantitative analysis of global markets and sector trends. Their core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.

Deutsche Bank Securities, Inc. (DBSI) is a SEC-registered broker/dealer headquartered in New York City. The firm was founded in 1971 and is a wholly-owned investment banking and brokerage arm of DB U.S. Financial Markets Holding Corp., ultimately held by Deutsche Bank AG (NYSE: DB, FRA: DBK) in Germany. DBSI provides securities brokerage and investment advisory services to domestic and international private clients and institutions. They are also a primary dealer in US government securities as designated by the Federal Reserve.

Citigroup Global Markets Ltd. (CGML) is an international broker-dealer firm headquartered in London, UK. The firm was founded in 1983 and is a subsidiary of Citigroup Global Markets Holdings Bahamas Ltd., ultimately held by Citigroup, Inc. (NYSE: C) in the US. CGML has a major presence in the international financial markets as a dealer, market-maker and underwriter in equity and fixed income securities and offers risk-based solutions to producers and investors in commodity markets. They also provide corporate finance services to a wide range of corporate, institutional and government clients. Their trading activities encompass cash, exchange traded and OTC derivative markets.

Founded in 2002, Empirical Research Partners LLC (ERP) is an independent investment research firm located in New York City. The firm provides services to institutional clients. ERP's research approach is based on empirical evidence. They seek to combine the macro and micro and the short- and long-run evidence into a comprehensive viewpoint. The firm employs inclusive, proprietary databases and sophisticated stock selection models that are based on judgments about human nature. ERP's ongoing research effort attempts to determine how best to translate those judgments into useful decision-making rules. The firm's portfolio strategy is based on microeconomics and seeks to exploit a variety of anomalies to identify stocks that should outperform the market. These anomalies may include misvaluation, overinvestment or retrenchment by management and excessive extrapolation of trends by investors. ERP employs a proprietary, customized database that contains large quantities of company-level data. The firm looks for situations in which the current state of affairs is untenable and the reward for patience is great. ERP's quantitative research seeks to help active portfolio managers make better decisions by exploiting recurring aspects of human nature. Their tools quantify these variables and combine them into screens or formal multifactor models that identify companies with desirable or undesirable traits. The models balance conflicting signals in a dynamic fashion, putting greater emphasis on the factor with the highest expected return at each point in time. The firm's research approach with respect to the developed markets outside of the U.S. is similar, but not identical, to the process they use in researching U.S. companies. ERP's international research considers the economic, legal, accounting, cultural and historical differences within each region and covers the broad range of issues affecting stocks and markets globally. Their stock-selection models combine measures of valuation, capital deployment, earnings quality and market reaction into a single expected return. They compare each stock to its peers within the global sector, within the geographic region and to all stocks across the entire market.

Bestinver Gestión SA SGIIC (Bestinver) is the financial services subsidiary of Bestinver SA, itself a wholly-owned subsidiary of Acciona SA (MP: ANA) in Spain. Established in 1988, the firm is headquartered in Madrid and manages the Bestinver range of mutual funds and pension funds for individual and institutional investors.

JCP Investment Partners Ltd. (JCPIP) is the specialist equity management subsidiary of Capital Partners Group Ltd. in Australia. The firm was founded in 1998 as Jardine Fleming Capital Partners Ltd. through a joint venture between Jardine Fleming Group Ltd. and Capital Partners Group Pty Ltd. They became a 50/50 joint venture between JPMorgan Asset Management, Inc. and Capital Partners Group Ltd. in 2005. The firm subsequently became JCP Investment Partners Ltd. in 2010 when the management acquired JP Morgan's stake. Headquartered in Melbourne, JCPIP provides asset management services for individual and institutional clients.

Goldman Sachs & Co. LLC (GS&Co.) is a securities brokerage firm headquartered in New York City. Founded in 1927, the firm is a subsidiary of The Goldman Sachs Group, Inc. (NYSE: GS). GS&Co. provides services to help hedge funds manage risk, monitor portfolios, maintain liquidity and build their businesses. They offer clients access to global equity and derivatives markets, as well as foreign exchange, commodities, European Lefts, rates and credit across the Americas, Europe and Asia. The firm proactively monitors capital markets, searching for pockets of liquidity and news that may require changes to those strategies. Integration with the Goldman Sachs network gives clients access to the firm's sectored block trades and their insights into price discovery. Their electronic trading program provides clients with tools to manage their trades from pre-trade analytics to post-trade analysis.

Barclays Capital Securities Ltd. (BCS) is the brokerage subsidiary of Barclays Bank plc, which is owned by Barclays Plc (LON: BARC), an international financial services group in Great Britain. The firm was founded in 1985 and is headquartered in London with offices worldwide. BCS provides prime brokerage services which include equities and fixed income financing, OTC Clearing, Futures and Foreign Exchange Prime Brokerage and access to industry insights and analytics.

UBS Securities Australia Ltd. is a brokerage firm headquartered in Melbourne, Australia. The firm is a wholly-owned subsidiary of UBG AG, which is owned by UBS Group AG (SWX: UBSG) in Switzerland. UBS Securities Australia offers execution and settles trade in ASX quoted financial products for private investors.

Macquarie Capital Ltd. is the Hong Kong-based securities brokerage arm of Macquarie Group Ltd. (ASX: MQG), a global financial services group headquartered in Australia. Macquarie Capital offers brokerage services to various investors.

DIF Capital Partners Ltd is a Private Equity firm, a subsidiary of Barings Australia Pty Ltd founded in 2003. DIF Capital Partners Ltd. is headquartered in Marsfield.

Ausbil Investment Management Ltd. (Ausbil) is the Australian equities management subsidiary of Candriam SCA, ultimately held by New York Life Insurance Co. (NYLIC) in the US. The firm was founded by Paul Xiradis and Reubert Hayes in 1997 as a joint venture between the founding investors and Dexia Asset Management. The firm was formerly known as Ausbil Dexia Ltd. and changed their name to Ausbil Investment Management Ltd. when they were acquired by NYLIC in 2014. Headquartered in Sydney, Ausbil primarily manages Australian and global equities for superannuation funds, institutional investors, master trusts and Australian retail clients. The firm provides discretionary investment management services to managed investment trusts offered in Australia. Ausbil is a signatory to the Principles for Responsible Investment (PRI).

Pengana Capital Ltd. is the fund management subsidiary of Pengana Holdings Pty Ltd., ultimately held by Pengana Capital Group Ltd. (ASX: PCG) in Australia. The firm was founded by Russel Pillemer and Malcolm Turnbull in 2003. Headquartered in Sydney, Pengana Capital provides a range of traditional and alternative investment funds, including listed property trusts and REITs for individual and institutional investors.

JPMorgan Securities Australia Ltd. (JPMorgan Australia) is a broker/dealer subsidiary of JPMorgan Markets Australia (Pty) Ltd., ultimately held by JPMorgan Chase & Co. (NYSE: JPM) in the US. Headquartered in Sydney, JPMorgan Australia provides brokerage services for investors which they can use in making portfolio decisions.

Morgan Stanley Australia Ltd. is an Australian broker/dealer subsidiary of Morgan Stanley International, Inc., itself owned by Morgan Stanley (NYSE: MS) in the US. Headquartered in Sydney, the firm offers sales, trading and market-making investment management services to global institutions, hedge funds and industry innovators.

Laurentian Bank Securities is an independent broker/dealer located in Montreal. They are a subsidiary of Laurentian Bank of Canada (TOR:LB). The firm provides a full array of trading and execution services for their clients. They do not provide any internal research.

Citigroup Global Markets India Pvt Ltd. (Citi India) is a brokerage firm headquartered in Mumbai, India. The firm was founded in 2000 and is a subsidiary of Seven World Holdings LLC, ultimately held by Citigroup, Inc. (NYSE: C) in the US. Citi India offers full-service execution services to corporate and investment banking companies.

Macquarie Securities (Australia) Ltd. (MSAL) is a brokerage firm headquartered in Sydney, Australia. The firm was founded in 1969 and is a subsidiary of Macquarie Corporate International Holdings Pty Ltd., ultimately held by Macquarie Group Ltd. (ASX: MQG) in Australia. MSAL serves as the brokering entity for the Macquarie Group.

CLSA Australia Pty Ltd. is a securities brokerage firm headquartered in Sydney, Australia. The firm was founded in 2009 and is a subsidiary of CLSA Ltd., which is owned by CITIC Securities Co., Ltd. (SHA: 600030) in China. CLSA Australia provides equity research and broking, asset management, corporate finance and capital markets and securities services to corporates and investors.

Credit Suisse (Australia) Ltd. (Credit Suisse Australia) is a broker/dealer firm headquartered in Sydney, Australia. The firm was founded in 1999 and is a subsidiary of Credit Suisse AG, which is owned by Credit Suisse Group AG (SWX: CSGN) in Switzerland. Credit Suisse Australia offers global securities sales, trading and execution, prime brokerage, underwriting, and comprehensive investment research for corporate and institutional investors.

Commonwealth Securities Ltd. (CommSec) is the securities brokerage subsidiary of Commonwealth Bank of Australia (ASX: CBA ). Headquartered in Sydney, CommSec was founded in 1995 and offers a range of brokerage products and services including online trading, cash management, margin lending, and international share trading to retail cliens.

Part of Royal Bank of Canada, RBC Securities Australia Pty Ltd. is an Australian company that provides brokerage services. The company is based in Sydney, Australia.

Part of Jefferies Financial Group, Inc., Jefferies (Australia) Pty Ltd. is a brokerage services provider. The company is based in Sydney, Australia. Michael Stock has been the CEO of the Australian company since 2018.

Jarden Australia Pty Ltd. (Jarden) is a broker-dealer firm headquartered in Sydney, Australia. The firm is a subsidiary of Jarden Partners Ltd. in New Zealand. Jarden’s clients are institutional, corporate and private investors that seek a broad range of investment opportunities, backed by world-class service and seamless execution.

Part of Nomura Holdings, Inc., Nomura Australia Ltd. is an Australian company that provides brokerage services. The company is based in Sydney, Australia. The CEO of the company is Andrew Macgonigal.

Part of Citigroup, Inc., Citigroup Global Markets (New Zealand) Ltd. is a financial company based in Auckland, New Zealand. The New Zealander company warns investors to be cautious of scammers offering NZD investments to retail customers, including term deposits, and emphasizes that they do not offer financial products or services to retail clients. The company was founded in 1974. The CEO is Derek Syme.

Canaccord Genuity Ltd. (CGL) is the brokerage subsidiary of Canaccord Genuity Group, Inc. (TSE: CF). The firm is headquartered in London and was founded in 1983. CGL provides brokerage services to their clients.

JJB Advisory Ltd. provides real estate brokerage services. The private company is based in London, UK.

Redburn (Europe) Ltd. (dba Redburn Atlantic) is an equity brokerage firm headquartered in London, UK. The firm was founded in 2003 by Jeremy Evans and Nick Glydon. They are a wholly owned subsidiary of Rothschild & Co. Continuation Holdings AG, ultimately owned by Rothschild & Co SCA. (EPA: ROTH) in France. Redburn Atlantic provides institutional investors with US and European equity research, trade execution and capital markets services. Their Execution Services division delivers high-touch sales trading and execution as well as low-touch execution and algorithmic solutions. The division also offers market structure and trading analytics.

Wellington Management Australia Pty Ltd. (WMA) is an investment adviser headquartered in Sydney which was founded in 1997. They are a direct subsidiary of Wellington Management Global Holdings Ltd. and their ultimate parent is Wellington Management Group LLP. WMA provides investment advice to their clients including central banks and sovereign institution, consultants, defined benefit plans, defined contribution plans, endowments and foundations, family offices, insurers and intermediaries and wealth managers.

IFM Investors Pty Ltd (Private Equity) (IFM Investors) is a private equity subsidiary of Industry Super Holdings Pty Ltd founded in 1990. The firm is headquartered in Melbourne, Australia with additional offices in New Zealand.

BNP Paribas SA (Broker Spain) (BNP Paribas-Broker) is the broker-dealer division of BNP Paribas SA in Spain. The firm was founded in 1917 and is a subsidiary of BNP Paribas SA (EPA: BNP) in France. Headquartered in Madrid, BNP Paribas-Broker provides securities brokerage services to corporate and institutional clients.

Ambit Capital Pvt Ltd. (Ambit) is a brokerage firm headquartered in Mumbai, India. The firm was founded in 2005 and is a subsidiary of Xero Ltd. (ASX: XRO) in New Zealand. Ambit provides customized execution services to family office, HNIs and professional investor clients. They offer innovative tactical trade ideas for special situations, Futures & Options and derivative trading, hedging strategies, block trades and Interest Rate Futures.