AG für Wirtschafts-Publikationen (AWP) has secured the exclusive rights to sell English-language services from Dow Jones Newswires and AFX News in Switzerland in the latest move by the three companies to create a consolidated and unrivalled product offering for Switzerland's financial professionals.
With immediate effect, AWP, Switzerland's leading financial news agency, will sell Dow Jones Newswires' and AFX News' English-language services exclusively within German-speaking Switzerland and Liechtenstein.
While the English-language services from Dow Jones Newswires and AFX News will remain stand-alone products and be sold either separately or together as a package, the three companies also are working to make their respective services available via each other's news feeds. This will create an unrivalled combination of domestic and international news services in German, French, English and Italian, available from a single point of delivery.
Last month, Dow Jones Newswires and dpa-AFX, AFX's German joint venture with dpa, announced the appointment of AWP as exclusive sales agency for their German-language content, as well as the expansion of Dow Jones Newswires and dpa-AFX content available on AWP's Premium International and Basic news services.
"As Switzerland's financial institutions look for competitive advantage, the demand for flexible, enterprise-wide news solutions grows," said Volker Schneider, regional sales manager for Central and Eastern Europe, Dow Jones Newswires. "By pooling the strengths of all three real-time, financial news agencies in this way, we believe we can offer a comprehensive and highly competitive resource to aid Swiss financial professionals - whatever their role - with their investment decisions or advisory functions."
"AWP is now in the position not only to offer tailor-made services in all languages spoken in Switzerland, but also to provide the world's finest platform-independent financial newswires in English by offering services from Dow Jones Newswires, AFX News or even a combination of both," added Stefan Ploghaus, managing director, AFX News.
AWP's chief executive officer Christoph Gaberthüel said: "The new agreement with our long-time partners Dow Jones Newswires and AFX News enables us to provide our customers with an even better service and to offer one-stop, tailored news solutions. Our aim is to create a truly valuable and useful resource for users of our news across Switzerland and Liechtenstein."
As part of the new agreement, Dow Jones Newswires' Zurich-based sales team will be seconded to AWP to sell the English-language services from Dow Jones Newswires and AFX News. They will report to Mr. Christoph Gaberthüel.