European equity broker Kepler Cheuvreux has entered into an agreement with the capital markets unit at the Canadian Imperial Bank of Commerce (CIBC) for the distribution of equity research.
As of today, CIBC will distribute Kepler Cheuvreux’s European equity research to its Canadian institutional client base, with plans to expand the relationship in the future.
“While Kepler Cheuvreux has enjoyed success with Canadian clients by devoting modest resources, we believe that partnering with CIBC will help our product to reach a much larger audience,” said Laurent Quirin, chairman of the supervisory board at Kepler Cheuvreux.
“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.”
In February, Kepler Cheuvreux signed a similar agreement with Piper Jaffray which saw Kepler’s clients in France, Benelux, Germany, Italy, Spain and Finland gain access to Piper Jaffray’s research.
Both firms expanded the deal in June, leading to Piper Jaffray distributing Kepler Cheuvreux’s US equity research in Europe and the US.
Quirin added that the partnership mentality is reflected in the third research distribution agreement, as well as its research agreements with UniCredit, Credit Agricole CIB, Rabobank, Swedbank and Belfius.
“We are pleased to expand our global research offering under the CIBC umbrella to include top-ranked research from Kepler Cheuvreux, and to offer our Canadian institutional investors the opportunity to benefit from their team’s large cap research offering as our clients continue to invest globally,” Ed Dodig, head of equity markets at CIBC Capital Markets, concluded.