Piper Jaffray and Kepler Cheuvreux extend equity research distribution agreement to Nordic region

With the largest equity research footprint in continental Europe, Kepler Cheuvreux will distribute Piper Jaffray’s market-leading U.S. research in Sweden, Denmark and Norway

STOCKHOLM, 6 August, 2018 – Piper Jaffray Companies (NYSE: PJC), a leading U.S. investment bank and asset management firm and Kepler Cheuvreux, a leading independent European broker, are pleased to announce the extension of their strategic partnership to the Nordic region. The Paris-based firm will act as the distribution agent for Piper Jaffray in the dissemination of U.S. equity research in Sweden, Denmark and Norway. Kepler Cheuvreux is already the distribution agent for Piper Jaffray research to Finland.

Today’s announcement extends the agreement announced on 21 February 2017 whereby Kepler Cheuvreux established the practice of bringing Piper Jaffray research to clients in France, Benelux, Germany, Italy, Spain and Finland. Kepler Cheuvreux has an existing strong client franchise with Nordic asset managers, and services those clients from offices in Stockholm and Oslo. On 28 June, 2018 the distribution agreement was also extended to Switzerland.

The Piper Jaffray equity research group consists of approximately 40 senior analysts covering nearly 630 companies in the healthcare, consumer, energy, financial services, industrials and technology sectors. Kepler Cheuvreux offers coverage on more than 1,000 European stocks.

“Kepler has shown great success in selling our U.S. product in Europe over the past 15 months and our decision to extend our partnership to the Nordic market will further strengthen our distribution in the region and enhance our ability to serve a broader set of clients,” said Jim Fehrenbach, chief operating officer of global equities at Piper Jaffray.

“We have been present in the Nordic region since 1997 and have made significant progress as a leading global broker in Europe,” said Marlon Kelly, co-head of equity brokerage at Kepler Cheuvreux. “We are excited about the opportunity to add Piper Jaffray’s U.S. product and showcase its analysts and corporate access capability in Sweden, Denmark and Norway.”

About Kepler Cheuvreux

Kepler Cheuvreux is a leading independent European financial services company which specializes in research, execution and advisory services. 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, Brussels, Frankfurt, Geneva, London, Madrid, Milan, New York, Oslo, Stockholm, Vienna and Zurich.

Management and staff are the largest shareholders. Major European financial groups, including Crédit Agricole CIB, UniCredit, Rabobank, Swedbank and Belfius are also important shareholders.

Kepler Cheuvreux employs over 120 equity research analysts who research 1,000 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., 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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