Credit Agricole Cheuvreux, an European equity broker, has announced the opening of its new office in San Francisco, US.

Credit Agricole Cheuvreux (CA Cheuvreux) has said that this office on the west coast allows it to better serve its clients in the region and reflects increased demand from US investors for research on European equities.

CA Cheuvreux has also announced the hiring of David Basham, managing director and Karen Linsky, vice president as European equity sales staff working out of the newly established San Francisco office. Both come from Bear Stearns, where Mr Basham was a senior managing director of equity sales and Ms Linsky was an associate director.

CA Cheuvreux has also appointed Joshua Natkin and Etrita Ibroci as a managing director and senior vice president, respectively, of the company’s emerging markets team, which is based in its New York office.

Khaled Beydoun, head of sales at CA Cheuvreux for North America, said: By establishing an office in San Francisco, we will be able to better serve our west coast investors with timely information and services. There is a growing appetite amongst our US client base for research on European markets. Additionally, we can offer them streamlined access to more than 60 execution destinations worldwide.