Promsvyazbank Joined International Capital Markets Association
OREANDA-NEWS. December 23, 2010. Promsvyazbank has been accepted as a full member of ICMA at the association’s membership committee meeting, reported the press-centre of Promsvyazbank.
"Being a market maker in the local securities market and an active participant in the global capital market, PSB believes that an ICMA membership will not only contribute to the maintenance of the leading position in this business but will also provide а full access to market infrastructure similar to that of top investment houses" - Anna Belyaeva, Vice-President, Director of Financial Institutions and International Capital Markets Department says, – "We believe that an ICMA membership will help us to expand the range of investment banking transactions, and increase the volumes and economic efficiency of such operations".
ICMA is an international market association, that coordinates professional participants’ activity in global capital markets. The Association’s head office is located in Zurich where it was founded in 1969. ICMA encompasses 390 institutions in 47 countries. Association’s code of industry-driven rules and recommendations regulating primary placement of capital instruments represents a market standard now and an ICMA membership is recognized as a "seal of approval" among professional participants.
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