It has teamed up with J P  Morgan and will enable Craigs to support clients across their equities and corporate advisory businesses.

“After a period of careful and considered due diligence, we are pleased to have formed a strategic alliance with such a large and highly regarded organisation. It is an extremely exciting time for our business, and this opportunity will provide ongoing benefits to all our clients” Craigs managing director Frank Aldridge said.

This strategic alliance brings together the deep geographical expertise and strong corporate relationships of Craigs in New Zealand with J.P. Morgan’s global corporate advisory and equity capital markets experience. J P  Morgan is a leader in mergers and acquisitions, equity capital markets and debt capital markets, as well in equity sales and sales trading. .

“We are excited to be forming a strategic alliance with Craigs. This reaffirms our commitment to delivering our full range of local and global capabilities to Australasian clients and elevates our offering for New Zealand-based clients,” said Robert Bedwell, chief executive, J P  Morgan Australia and New Zealand.

Craigs will remain a stand-alone business, with Craigs’ staff shareholders retaining 100% ownership.  Craigs announced late last year the purchase of Deutsche Bank’s 49.9% equity interest in its business.

While the alliance brings benefits to Craigs’ corporate and private wealth clients - there will be no change to the business structure, the operations or management team leading the firm and service to our clients will remain seamless.