Kepler Cheuvreux and CIBC first entered into an agreement for CIBC to distribute the broker’s equity research to its Canadian institutional client base in September. The extension will see Kepler Cheuvreux distribute CIBC’s Canadian equity research to its Continental European institutional clients, and CIBC will continue distributing its research to investors in the UK and Ireland. 

Laurent Quirin, Kepler Cheuvreux chairman of the supervisory board, said that since the initial agreement, CIBC has helped Kepler Cheuvreux raise its profile amongst the asset management community in Canada.

“We now look to return the favour by distributing CIBC’s research to our Continental European client base of nearly eight hundred investors. Our research distribution agreement with CIBC is very similar to our partnerships with Piper Jaffray and CIMB, who are also research distribution partners with CIBC,” Quirin commented.  

Kepler Cheuvreux signed a similar agreement with Piper Jaffray which saw its clients in France, Benelux, Germany, Italy, Spain and Finland gain access to Piper Jaffray’s research. Both firms expanded the deal in July, leading to Piper Jaffray distributing Kepler Cheuvreux’s US equity research in Europe and the US.

“Together with our partners, we now offer our European clients coverage of 2,750 stocks globally. Our partnership mentality is reflected in this third research distribution agreement and our five ECM research and distribution agreements with UniCredit, Crédit Agricole CIB, Rabobank, Swedbank and Belfius,” Quirin added.

In June, Atlas Merchant Capital and Edmond de Rothschild Equity Strategies (ERES) both made investments in Kepler Cheuvreux. Atlas, led by Bob Diamond who is the former group CEO of Barclays, now has a 19.7% stake, and ERES, part of the Edmond de Rothschild Group, has an 8% stake in the broker. Both companies joined other investors in Kepler Cheuvreux, including European banks UniCredit, Crédit Agricole CIB, Rabobank, Swedbank and Belfius.

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Kepler Cheuvreux has signed an agreement with US investment bank, Piper Jaffray, for the distribution of equity research across Europe and the US.

The deal will see Piper Jaffray distribute US equity research in Europe and assist Kepler Cheuvreux with the distribution of European equity research in the US.

Both parties said the initial partnership is founded on equity research distribution, but it could be expanded to other business areas.

Kepler Cheuvreux will work alongside the existing Piper Jaffray sales teams in Europe to distribute Piper Jaffray research to the UK and continental European clients.

Piper Jaffray’s sales teams will act as US product specialists and be Kepler Cheuvreux’s execution partner for US equities.

Laurent Quirin, CEO of Kepler Cheuvreux, explained the partnership builds on a similar, existing distribution agreement with Asia-Pacific broker CIMB.

“We are now able to offer our European clients coverage of over 2,200 stocks… We are eager to expand our client coverage in the US and assist Piper Jaffray with their expansion in Europe,” he said.

Jeff Klinefelter, global head of equities at Piper Jaffray, added the agreement will help the broker increase its presence in Europe.

“With Kepler Cheuvreux’s expansive client relationships, multi-local European presence and high market share, our products will receive increased visibility in Europe,” he explained.

Piper Jaffray’s equity research group consists of 40 senior analysts covering 750 companies in the consumer, energy, financial institutions, healthcare, industrials and technology sectors.

Kepler Cheuvreux currently offers coverage on 736 European stocks, increasing coverage for both firms to over 1,480 companies as a result of the partnership.

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Societe Generale has partnered with Smartkarma to provide its institutional clients with access to equity research on Asian markets.

Smartkarma’s platform currently provides its users with access to over 100 investment insight firms, made up of around 400 analysts.

The analysts have produced research on more than 1,600 companies across 15 Asian markets, including small and mid-caps, event driven IPO analysis and ground coverage.

Stephane Loiseau, head of cash equities and global execution services at Societe Generale in Asia-Pacific, explained Smartkarma’s platform will give the French bank’s clients access to “high quality, independent equity research on Asian stocks, with insightful investment ideas.”

He said it will also complement Societe Generale’s cross asset research and trading business with access to over 125 markets and exchange venues globally.

Raghav Kapoor, chief executive officer at SmartKarma, added: “Over the coming months we will work together to help clients optimise research budgets and meet evolving regulatory requirements without any need to modify workflow or add to administrative overheads.”

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