Piper Jaffray and Kepler Cheuvreux Announce Exclusive Equity Research Distribution Agreement
February 21 2017 - 6:00AM
Business Wire
Piper Jaffray Companies (NYSE: PJC), a leading investment bank
and asset management firm and Kepler Cheuvreux, a leading
independent European broker, are pleased to announce their entry
into a strategic partnership effective today. The Paris-based firm
will assist Piper Jaffray in the distribution of U.S. equity
research in Europe and furthermore, Piper Jaffray will assist
Kepler Cheuvreux in the distribution of European equity research in
the U.S. While the initial partnership is founded on equity
research distribution, it may be expanded to other business
areas.
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Initially, Kepler Cheuvreux will work alongside existing Piper
Jaffray sales teams in Europe to distribute Piper Jaffray research
to the U.K. and continental European clients. Kepler Cheuvreux will
introduce new European clients and the Piper Jaffray sales teams
will act as U.S. product specialists. Piper Jaffray will be Kepler
Cheuvreux’s execution partner for U.S. equities.
Later in 2017, Piper Jaffray will work alongside existing Kepler
Cheuvreux sales teams in the U.S. to distribute Kepler Cheuvreux
research to U.S. based clients. Piper Jaffray will introduce new
U.S. clients and the Kepler Cheuvreux sales teams will act as
European product specialists. Kepler Cheuvreux will be Piper
Jaffray’s execution partner for European equities.
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.
Kepler Cheuvreux offers coverage on 736 European stocks, increasing
coverage for both firms to over 1,480 companies as a result of the
partnership.
“With Kepler Cheuvreux’s expansive client relationships,
multi-local European presence and high market share, our products
will receive increased visibility in Europe. We are pleased to
offer similar advantages to Kepler Cheuvreux in the U.S.,” said
Jeff Klinefelter, global head of equities at Piper Jaffray. “This
partnership comes as a logical progression after the recently
announced agreement with CIBC in the Canadian market.”
“The partnership with Piper Jaffray builds on our distribution
agreement with CIMB, the Asian broker, and furthers our goal of
becoming a global broker in Europe. Indeed, we are now able to
offer our European clients coverage of over 2,200 stocks,” said
Laurent Quirin, CEO of Kepler Cheuvreux. “We are eager to expand
our client coverage in the U.S. and assist Piper Jaffray with their
expansion in Europe.”
About Kepler Cheuvreux
Kepler Cheuvreux is a leading independent European financial
services company specialised in advisory services and
intermediation. The company has four business lines: Equities, Debt
& Derivatives, Investment Solutions and Corporate Finance.
Headquartered in Paris, the group employs around 550 staff. This
multi-local company is also present in Amsterdam, Boston,
Frankfurt, Geneva, London, Madrid, Milan, New York, Paris, San
Francisco, Stockholm, Vienna and Zurich. Management and staff are
the largest shareholders: major European financial groups,
including Crédit Agricole CIB, UniCredit, Rabobank are also
important shareholders. Kepler Cheuvreux employs 90 equity analysts
who research 700 European companies. Kepler Cheuvreux has the
largest equity research footprint in Continental Europe.
About Piper Jaffray
Piper 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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© 2017 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/20170221005490/en/
Piper Jaffray Companies:Pamela Steensland,
612-303-8185pamela.k.steensland@pjc.comorKepler Cheuvreux:Robert
Buller, +33 15 365-3579rbuller@keplercheuvreux.com
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