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SMITH NEW COURT OPENS OFFICE IN BUENOS AIRES

 BUENOS AIRES, Argentina, Sept. 7 /PRNewswire/ -- As the cornerstone of a "major commitment" to Latin America, Smith New Court Securities Ltd., the leading market maker in emerging-market and non-U.S. equities, today announced the opening of its new office in Buenos Aires.
 The London-based company, with regional offices in principal capital markets and more than 1,000 traders worldwide, has been active in Latin America for more than a year and has affiliates in Mexico, Chile and Brazil as well as Argentina. The Argentina office "signifies our intention to become the leader in Latin American research and a major factor in originating capital-market transactions in the area," said J. Barrie Lepley, Smith New Court's New York-based managing director for Latin America.
 The Buenos Aires operation has been established in connection with merchant bankers N M Rothschild & Sons Limited of London and Banco BICE of Chile, both partners with Smith New Court in Latin America. N M Rothschild has 150 years of experience in Latin America, where in recent years it has been a leading adviser to governments in the privatization of state-owned enterprises. Banco BICE, a prominent commercial bank and the largest investment bank in Chile, is active in bringing new equity issues to that country's stock exchange. Banco BICE is owned jointly by Rothschild and Chile's Matte family.
 Rated number-two internationally for research in non-U.S. stocks and ADR's, Smith New Court recently co-led with N M Rothschild the first- ever fully underwritten rights offering by an Argentine company. The $77.2 million issue by Sociedad Comercial del Plata S.A., a flagship Argentine holding company and leading participant in the country's privatization program, was sold both domestically and in the U.S., UK and Europe.
 Smith New Court's senior Latin American analyst, Walter Stoeppelworth, may be contacted at Smith New Court Argentina, Maipu 1300, 16th floor, 1006 Buenos Aires. Telephone from the U.S., 011-54-1-312-3456.
 -0- 9/7/93
 /CONTACT: Barrie Lepley or Greg Rider, 212-930-6000, or Walter Stoeppelworth, 011-54-1-312-3456, all of Smith New Court Securities Ltd., or Vic Emmanuel or Peter Cullum of Donley Communications Corporation, 212-751-6126/


CO: Smith New Court Securities Ltd. ST: IN: SU:

MP-OS -- NYTU003 -- 9162 09/07/93 08:00 EDT
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Publication:PR Newswire
Date:Sep 7, 1993
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