Scotia Capital Inc.’s equity research team has joined forces with two other top international brokerage houses to create an international research alliance.

Scotia Capital, the corporate and investment banking business of Scotiabank Group, has signed a research alliance agreement with Macquarie Equities (Australia) and South Africa’s Nedcor Securities.

The agreement brings together over 120 leading equity research specialists covering Australia, South Africa and North America.

Macquarie Equities is the broking subsidiary of Macquarie Bank Ltd., the leading full-service investment bank in Australia.

Nedcor Securities is the full-service broking subsidiary of South Africa’s largest bank, Nedbank.

“At Scotia Capital, we’re committed to independent research that is insightful and has value for our clients,” said Lawrence Lewis, managing director, acting jead of Equity Research, Scotia Capital. “This alliance will allow us to provide our clients with a broader industry perspective, particularly in the resource sectors.”

The alliance partners will work together on equity and commodity research specific to the three markets, as well as individual company-related issues. This will be accomplished through general consultation and the exchange of research and data. All three brokerages will maintain their identity as independent country specialists.