Houlihan Lokey, a US-based investment bank, has entered into a joint marketing alliance with Knight Capital Group, a provider of market access and trade execution services across multiple asset classes, to provide investment banking, capital markets and sales and trading services to their clients.

Houlihan Lokey and Knight will work to deliver an advanced capital markets capability, focused on equity and fixed-income underwriting.

Scott Adelson, senior managing director and co-head of corporate finance at Houlihan Lokey, said: “By joining Knight’s distribution prowess with Houlihan Lokey’s independent investment banking advice, this alliance allows us each to focus on what we do best. We looked at other options for entering the distribution business and everything else paled in comparison. Knight is the best at what they do, and we are the best at what we do. It’s a powerful combination.”

Thomas Joyce, chairman and CEO of Knight Capital, said: “The alliance between Houlihan Lokey and Knight is a great example of two firms, each playing to their strengths, working together to deliver an outstanding result. It is a strategic and cost effective move to provide Houlihan Lokey clients with expanded distribution and Knight clients with access to new issues.”