MDS in JV with NY asset manager
Expansive publicly-listed financial services firm, MDS Financial Group, announced this week it had entered into a strategic alliance with New York-based J. Streicher Asset Management to develop and market products in Australia.
The company announced the arrangement to the Australian Securities Exchange on Monday, saying a Memorandum of Understanding had been signed following negotiations in New York earlier this month.
Under the JV, the firms will establish a funding vehicle to develop financial products for the Australian market, develop an international stock-trading product to allow Australian and US investors to transact inter-border and develop specialised financial products aimed at MDS's Self Managed Superannuation Fund client base.
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