Kepler Cheuvreux and CIBC extend their Equity Research Distribution Agreement

Paris, Monday 4th February, 2019

Kepler Cheuvreux, the leading independent European equity broker, is pleased to announce that the firm has extended its equity research distribution agreement with the capital markets arm of Canadian Imperial Bank of Commerce (CIBC). In September 2018, CIBC commenced the distribution of Kepler Cheuvreux’s European equity research to their Canadian institutional client base. Effective today, Kepler Cheuvreux will distribute CIBC’s Canadian equity research to its Continental European institutional clients. CIBC will continue to distribute its research to investors in the UK & Ireland.

Laurent Quirin, Kepler Cheuvreux, Chairman of the Supervisory Board: “In just four months CIBC has been successful in raising Kepler Cheuvreux’s profile with Canadian asset managers. We now look to return the favor 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. 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 & distribution agreements with UniCredit, Crédit Agricole CIB, Rabobank, Swedbank and Belfius.”

Ed Dodig, Managing Director and Head, Equity Markets at CIBC Capital Markets: “We are pleased to offer our top-ranked large cap equity research, analyst access and execution capabilities to institutional clients in continental Europe through Kepler Cheuvreux’s strong client franchise and leading distribution platform.”

The Institutional Equity Research team at CIBC has consistently been recognized as a top source for its breadth of coverage, industry knowledge and quality of work. CIBC’s Canadian equity research coverage is provided by 26 analysts who cover approximately 330 companies, which represents 92% of the market capitalization of S&P/TSX composite index.

About Kepler Cheuvreux

Kepler Cheuvreux is a leading independent European financial services company which specializes in research, execution and advisory services. The company has five business lines: Equities, Debt & Derivatives, Investment Solutions, Corporate Finance and Asset Management. Headquartered in Paris, the group employs around 600 staff. This multi-local company is also present in Amsterdam, Boston, Brussels, Frankfurt, Geneva, London, Madrid, Milan, New York, Oslo, Stockholm, Vienna, 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.

About Canadian Imperial Bank of Commerce (CIBC)

CIBC is a leading North American financial institution with 10 million personal banking, business, public sector and institutional clients. Across Personal and Small Business Banking, Commercial Banking and Wealth Management, and Capital Markets businesses, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world. 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. Visit for more information on CIBC and CIBC Capital Markets. Ongoing news releases and more information about CIBC can be found at

Press contact

Havas Paris (media partner for Kepler Cheuvreux)

Thomas Khaski
+33 6 26 43 00 19
[email protected]

Hugo Boussier
+33 6 86 72 53 31
[email protected]