Noble in strategic alliance with UBS

Noble, the research led Anglo-Indian investment bank specialising in mid- and small-cap companies, today announced that it has formed a strategic alliance with UBS in India relating to their Indian equities activities.

Under the arrangement, Noble will provide research on Indian mid and small cap companies to UBS’ global institutional client base investing into India. These clients will benefit from Noble’s high quality research in the mid market, which complements UBS’s existing coverage of BSE 100 companies. Also benefiting from this alliance would be Noble’s clients who will have the option to access UBS’ trading and sales trading capabilities.

This strategic alliance follows the launch of Noble’s equity business in India in September 2008 when Noble started publishing research on the mid-tier of stocks in India.

Noble currently has a growing team of 11 analysts and sales people focused on Indian equities, and covering five sectors – Technology, Consumer, Banks/Financial Services, Power and Infrastructure, with its target universe being stocks with market cap less than $2.5bn