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News archive

  MainFirst Bank AG once again named Best Equity Research House for German Equities

Frankfurt am Main, June 3, 2019 - MainFirst Bank AG remains one of the leading providers of research for German and Swiss equities. This is the result of the Extel Survey 2019, Europe's most important ranking in research and trading. According to the survey, MainFirst Bank AG in Germany was ranked first for research in Germany for the second time in a row and second for research in Switzerland in the overall ranking.

Extel Survey is the world's largest study of its kind. This year, 14,000 institutional investors from 89 countries cast a total of more than 1.76 million votes, selecting the best research firms in various categories. In addition to the good overall rankings as a research house, MainFirst Bank AG also achieved top rankings in the Small & Mid Caps Research segment. In this category, the company achieved third place in Germany and first place in Switzerland. For the first time, MainFirst was also ranked first as the leading brokerage house for research/sales trading in Germany, second in Switzerland and fifth in France.

"The repeated top ratings in the Extel survey confirm our commitment to quality in equity research. Under MIFID2, quality becomes a unique selling point and here we excel with our experienced and well-connected analysts. With the acquisition of Raymond James' European institutional stock business, the number of our analysts and covered shares has once again increased significantly," says Ebrahim Attarzadeh, CEO of MainFirst Bank AG.

Of the 51 stock analysts at MainFirst, 30 are currently analyzing German stocks, among others. "We will consistently pursue our strategy and invest in the business. While we currently cover a total of 350 shares, by the end of the year we want that number to rise to more than 450, with a focus on small and medium-sized companies, and thus also be a partner in the capital market business in addition to our excellent research. The German and Swiss markets play a major role in our strategy, both traditionally and tactically," Attarzadeh continued.

MainFirst Bank AG results in the Extel Survey 2019:

1st place – Germany: Country Research 
1st place – Germany Leading Brokerage Firm 
1st place – Germany: Equity Sales 
3rd place – Germany: Company & Expert Meetings 
3rd place – Germany: Small & Mid Caps Research 
3rd place – Germany: Small & Mid Caps Sales 
3rd place – Germany: Trading/Execution 

1st place – Switzerland: Small & Mid Caps Research 
2nd place – Switzerland Leading Brokerage Firm
2nd place – Switzerland: Country Research 
2nd place – Switzerland: Equity Sales 
2nd place – Switzerland: Small & Mid Caps Sales 

5th place – France: Leading Brokerage Firm

  MainFirst Bank AG becomes Euronext Paris listing sponsor

Frankfurt am Main, 23 January 2019 – MainFirst Bank AG, a leading European equity research and brokerage firm, is celebrating its accreditation as a Euronext listing sponsor today with a bell ringing ceremony in Paris. As a listing sponsor, MainFirst Bank AG will support companies of all sizes wishing to list on Euronext – both before and after their IPO. For example, MainFirst Bank AG will assist businesses in evaluating the most suitable market for them and meeting the regulatory challenges involved in an IPO. And, in the post-IPO period, MainFirst Bank AG will advise the companies on compliance with statutory and regulatory requirements and contractual obligations and serve as their main contact for Euronext.

“We are delighted to have been accredited as a Euronext listing sponsor,” said Ebrahim Attarzadeh, CEO at MainFirst Bank AG. “The listing sponsor accreditation emphasizes our high level of competence in allcapital market business matters.” Euronext requirements for accreditation in this capacity include comprehensive expertise in advising businesses on their capital structure and strategy, a proven track record in equity transactions, qualified and experienced staff and adherence to certain compliance requirements.

“We are delighted to have been accredited as a Euronext listing sponsor,” said Ebrahim Attarzadeh, CEO at MainFirst Bank AG. “The listing sponsor accreditation emphasizes our high level of competence in allcapital market business matters.” Euronext requirements for accreditation in this capacity include comprehensive expertise in advising businesses on their capital structure and strategy, a proven track record in equity transactions, qualified and experienced staff and adherence to certain compliance requirements.

“It is an honour for us as a Euronext listing sponsor to work even more closely with companies in Euronext core markets too. This means we can jointly develop appropriate capital market strategies and monitor them in their IPO,” Attarzadeh said. “Accreditation as a Euronext listing sponsor dovetails with ou rEuropean growth strategy. Our acquisition of the institutional brokerage business in European equities from Raymond James in Paris and London will enable us to further expand our strengths in distribution and research. We would also like to expand the M&A advisory business, fixed income and debt capital markets following Stifel's planned purchase of MainFirst Bank AG,” Attarzadeh stressed.

MainFirst Bank AG acquired the institutional brokerage business in European equities from Raymond James in Paris and London in December. The merger with the leading full-service middle-market investment bank Stifel Europe is expected to be completed in the first quarter of 2019. It will create a pan-European platform with deep local expertise and distribution power throughout Europe's major markets. MainFirst Bank AG will also add significant capital raising abilities to Stifel’s strong equity issuance business.

  MainFirst Bank AG to combine with Stifel Europe

- MainFirst Bank AG is widely recognized for excellence in equity research and equity brokerage
- The combination creates a Pan-European platform with deep local expertise and distribution power
- MainFirst Asset Management to remain independent 

Frankfurt/Main, 06 November 2018 – MainFirst Holding AG today announced that it has agreed to combine the Investment Banking Equities of Mainfirst with Stifel Europe, a leading full-service middle-market investment bank based in London that is a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF). As a consequence, Stifel Europe acquires MainFirst Bank AG, MainFirst Schweiz AG and MainFirst Securities US Inc. Terms of the transaction were not disclosed. Closing is expected in the first quarter of 2019, pending regulatory approvals. Senior leadership from MainFirst has executed continuation agreements. The acquisition does not affect MainFirst Asset Management. In order to underline its independence, MainFirst Asset Management was split off from MainFirst Bank AG this year and now operates under its new independent corporate structure as MainFirst Affiliated Fund Managers (Germany) GmbH.

MainFirst is widely recognized for excellence in equity research, ranking as the number one provider of country research in both Germany and Switzerland, according to the 2018 Extel Survey. Coupled with Stifel’s existing strength in the U.K. market, the merger creates a Pan-European platform with deep local expertise and distribution power throughout the continent’s major markets. MainFirst carries a full German banking license, enabling Stifel to continue offering corporate advisory, brokerage and investment banking services and clear and settle secondary equity and fixed income trades post-Brexit.

MainFirst also adds significant capital raising capabilities to Stifel’s already robust equity issuance business. Through the first three quarters of 2018, Stifel ranked as the fourth largest fundraiser on the London Stock Exchange, based on both volume (25) and value (1.8 billion pounds) of deals. MainFirst is increasingly focused on syndicate roles, leveraging the firm’s core expertise in research and distribution.

“We are excited to join Stifel, and work with our new colleagues,” commented Ebrahim Attarzadeh, CEO and Head of Equities of MainFirst. “Combined, we will be more relevant to clients in both our brokerage and investment banking businesses.”

“We are extremely pleased to partner with MainFirst, as we continue to make opportunistic investments in our business,” said Eithne O’Leary, President of Stifel Europe. “Given the evolving European regulatory environment and changing market dynamics, we will continue to pursue strategies that enable us to best serve current and future clients with a wider range of products.

 

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  MainFirst acquires European Equities institutional brokerage business from Raymond James

Frankfurt/Main, 09 October 2018 - MainFirst Bank AG, a leading independent European equity research and trading firm, will acquire the institutional brokerage business in European equities from Raymond James in Paris and London effective December 1, 2018. As part of this acquisition, MainFirst will also add 29 employees from Raymond James in Paris including Research, Sales and Sales Trading and a further six Research employees in London. These individuals will be integrated into the MainFirst organisation. The acquisition will strengthen MainFirst's strategic position, particularly in France.

"With this step, we will achieve economies of scale, better leverage our competitive advantages in the new world of MiFiD II and an expanded platform to serve our clients," said Ebrahim Attarzadeh, CEO and Head of Equities at MainFirst Bank AG. As a result of the acquisition, the number of European shares covered by MainFirst sees a rise by approximately a quarter to 400, with the number of MainFirst's institutional clients in France also increasing significantly.

  MainFirst awarded Best Equity Research for German and Swiss equities

Frankfurt am Main, 6 June 2018 – MainFirst Bank AG has won Best Research for German and Swiss equities in the Extel Survey 2018, Europe's foremost evaluation of the best brokers in research and trading. MainFirst thus maintained its top ranking for Switzerland, and climbed from second to first place for research in Germany.

Every year, a top quality body of sector specialists at Extel Survey evaluates areas including the services of research providers, using the results of a broad-based investor survey. Some 7,000 institutional investors participate in the survey annually. “The fact that we have been named best research provider for equities in Germany and Switzerland serves to underscore our strategy. The experience of our research team, the independence of our around 40 analysts and their excellent contact network to companies enable us to provide high quality research that offers real added value for investors. We focus primarily on German, Swiss, French and Italian equities and several European sectors,” said Lyonel Françoy, Head of European Research at MainFirst. “We plan to expand our coverage of French and Italian equities in addition to our broad scope of German and Swiss securities.”

“The results of this year's survey underpin our success as one of the leading equity research and trading providers. We have recently significantly increased our market share in the area of equities,” said Ebrahim Attarzadeh, Head of Equities and member of the Board of Management at MainFirst Bank AG. “The award for best research in German and Swiss equities is particularly representative in the new world of MiFID 2, where customers are only willing to pay for differentiated, high quality and independent equity research. The award is more than just an acknowledgement, it is also an incentive. Our objective is, and will remain, to offer our clients top class research and efficient execution,” said Attarzadeh.

  New Management Board member at MainFirst Bank AG

Frankfurt/Main, 22 March 2018 – A new member will join the Management Board of MainFirst Bank AG: The Supervisory Board has appointed Ebrahim Attarzadeh as a member of the Management Board of MainFirst Bank AG with effect from 1 April 2018. Together with Management Board member Bjoern Kirchner he will form a dual leadership team for MainFirst Bank AG from 1 May 2018. As announced in July 2017 already, current CEO Andreas Haindl will be leaving the company at his own request when his contract expires on 30 April 2018.

Ebrahim Attarzadeh has been with MainFirst since 2006. He started in Sales Trading and took over the management of this unit in 2008. Since 2011, he has been in charge of the Equities division. Attarzadeh began his career in 2002 at Deutsche Bank in Frankfurt. Bjoern Kirchner has been a member of the Management Board since 2007. From 2003 to 2007, he headed Equity Research. Since then, he has acted as Chief Financial Officer of MainFirst Bank AG.

At a General Meeting of MainFirst Bank AG Marc-Antoine Bree was elected as a new member of the Supervisory Board.

Marc-Antoine Bree, Chairman of the Supervisory Board, comments: “With the appointment of Ebrahim Attarzadeh to the Management Board of MainFirst Bank AG we have implemented an internal solution as intended and have achieved the desired management continuity with a competent personality. Regarding the departure in April 2018 of our long-standing CEO Andreas Haindl, we have found a perfect succession solution with Ebrahim Attarzadeh and Bjoern Kirchner forming a dual leadership team. This will facilitate the continued enhancement of the successful positioning of the Bank over the coming years.

The Supervisory Board would like to thank Andreas Haindl for his outstanding work and achievements in the build-up and development of MainFirst Bank AG, where he has made a decisive contribution since 2006. The committees and staff will stay connected with him and wish him every success for future endeavours.”

 

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  MAINFIRST CHARITY DAY - Many thanks!

We would like to thank all our customers, business partners and staff very much for the active and successful participation in this year's CHARITY DAY. Your contribution will allow us to ensure the work of MAINFIRST CHARITY also in the future and to support many important social projects. Many thanks.

 

 

  MainFirst Charity Day 2017

Since 2001, we have been able to raise over EUR 3.5 million in charitable donations and have received a lot of positive feedback from our clients. This year we will again be holding MAINFIRST CHARITY DAY.

On 16 November, all of the income generated in Equity Brokerage will go to the charitable organisation MAINFIRST CHARITY gGmbH, which will donate the money raised to various social projects in Germany and abroad. We work closely with employees in our German and international branches to select projects to support, liaising with direct or indirect contacts that they may have in these organisations. In particular, we focus on supporting socially disadvantaged children and young people, combating and alleviating incurable diseases, and improving the general situation of people in need.

We have supported the Deutscher Kinderschutzbund and the Frankfurter Tafel for many years, and now we also run a scholarship programme for young migrants and are involved in opening an orphanage in Liberia. Also at an international level, we continue to support such projects as a children’s hospice in England, a facility in the United States for children with cancer and their families, and a treatment centre in Italy for children who are seriously ill.

We hope to continue supporting the projects with which we have long-standing ties, providing targeted and effective assistance to those that need it most.

We look forward to you all getting involved with this initiative. If you have any questions, our Sales Team will be happy to answer them.

  Changes in management team and supervisory bodies at MainFirst

Frankfurt/Main, 13 July 2017 – After having established a long-term stable shareholder structure by selling the majority of shares to Haron Holding AG in April 2017, MainFirst is setting on course a change in its management team. Andreas Haindl, member of the management board of MainFirst Bank AG since 2007 and CEO since 2013, at his own request will leave the firm when his current contract ends on 30 April 2018. Succession to the management board will be appointed from within the Bank and be announced in due course. Bjoern Kirchner, CFO since 2007, has extended his contract until 2020. 

Haindl comments: "MainFirst has been a unique entrepreneurial success story and I feel proud to have contributed to the development of the Bank for 12 years, from 2013 as CEO. The business areas of MainFirst are very well positioned. Also, in April of this year we successfully secured Haron Holding as a long-term anchor investor. Therefore, I am convinced that 2018 will be a good time for the generational change in leadership. With my management board colleague Bjoern Kirchner and an internal successor to the management board we will safeguard continuity. For me personally this will be the right time to pursue new professional challenges. Until then I am fully committed to supporting the transition."

After the previous Chairman Thomas Emde departed at the end of June 2017 when his terms of office ended, his successors have now been elected. New Chairman of the supervisory board of MainFirst Bank AG is Herbert Pfennig, currently CEO of Deutsche Apotheker- und Aerztebank eG until 31 August 2017. The annual general meeting has elected Luca Pesarini, owner of the new majority shareholder Haron Holding AG, as the new Chairman of the board of directors of MainFirst Holding AG. Thomas Emde welcomes the decisions: "I am delighted that with Luca Pesarini and Herbert Pfennig two extraordinarily experienced and successful finance managers have been elected as my successors."

 

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  MainFirst Equity Brokerage: Top rankings for MainFirst’s Equity Analysts at Thomson Reuters Analyst Awards

Frankfurt am Main, June 26, 2017 – Five equity analysts from MainFirst Bank were honoured for the quality of their analyses at this year’s Thomson Reuters Analyst Awards, an annual ranking conducted by the media group of the same name to recognize the best sell-side analysts. Andreas Heine, Christian Korth, René Locher and Alain-Sebastian Oberhuber all received an award while Jean-Baptiste Sergeant accepted awards in two categories.

Ebrahim Attarzadeh, Head of Equities at MainFirst, said:
„We are delighted that the excellent individual performance of our analysts was recognized by Thomson Reuters, especially as it comes in the wake of this year’s Extel Survey, which confirmed our position as one of the leading brokerage houses for German and Swiss equities. All these results once again demonstrate our aim to be one of the leading companies in European equity research.

”The Thomson Reuters Analyst Awards honour the top three "Earning Estimators" and "Stock Pickers" in a total of 14 regions. All MainFirst awards at a glance:

Construction & Materials (Europe Overall)
Top Stock Pickers: #1 Christian Korth

Insurance (Europe Overall)
Top Stock Pickers: #2 René Locher

Food & Household Products (Europe Overall)
Top Earnings Estimator: #3 Alain-Sebastian Oberhuber

Chemicals (Germany)
Top Earnings Estimator: #3 Andreas Heine

Media (France)
Top Stock Pickers: #2 Jean-Baptiste Sergeant
Top Earnings Estimator: #3 Jean-Baptiste Sergeant