Piper Jaffray and CIBC Enter into Exclusive Equity Research Distribution Agreement
December 05 2016 - 6:00AM
Business Wire
Piper Jaffray Companies (NYSE: PJC), a leading investment bank
and asset management firm, is pleased to announce the firm is
entering into an exclusive equity research distribution agreement
with the capital markets arm of Canadian Imperial Bank of Commerce
(CIBC). CIBC will be the exclusive distributor of Piper Jaffray
research in the Canadian market.
“While we previously marketed to Canadian clients directly, we
are very pleased to be partnering with CIBC to deliver our highly
rated research and analysts to a broader institutional client
base,” said Jeff Klinefelter, global head of equities at Piper
Jaffray. “We look forward to expanding our research footprint by
working with a best-in-class peer to further our efforts.”
The Piper Jaffray equity research group consists of 40 senior
analysts covering 750 companies in the consumer, energy, financial
institutions, healthcare, industrials, and technology sectors.
The exclusive distribution agreement is effective as of December
5, 2016.
About Canadian Imperial Bank of Commerce (CIBC)CIBC is a
leading Canadian-based global financial institution with 11 million
personal banking and business clients and three major business
units – retail and business banking, wealth management and capital
markets. CIBC Capital Markets provides integrated global markets
products and services, investment banking advisory and execution,
corporate banking, and top-ranked research to corporate, government
and institutional clients around the world.
About Piper JaffrayPiper Jaffray Companies (NYSE: PJC) is
a leading investment bank and asset management firm. Securities
brokerage and investment banking services are offered in the U.S.
through Piper Jaffray & Co., member SIPC and FINRA; in Europe
through Piper Jaffray Ltd. and Simmons & Company International
Limited, authorized and regulated by the U.K. Financial Conduct
Authority; and in Hong Kong through Piper Jaffray Hong Kong
Limited, authorized and regulated by the Securities and Futures
Commission. Asset management products and services are offered
through five separate investment advisory affiliates―U.S.
Securities and Exchange Commission (SEC) registered Advisory
Research, Inc.; Piper Jaffray Investment Management LLC, PJC
Capital Partners LLC and Piper Jaffray & Co.; and
Guernsey-based Parallel General Partners Limited, authorized and
regulated by the Guernsey Financial Services Commission.
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© 2016 Piper Jaffray Companies, 800 Nicollet Mall, Suite 1000,
Minneapolis, Minnesota 55402-7036
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version on businesswire.com: http://www.businesswire.com/news/home/20161205005115/en/
Piper Jaffray & Co.Pamela Steensland,
612-303-8185pamela.k.steensland@pjc.com
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