American asset manager Piper Jaffray Companies has signed an agreement with French broker Kepler Cheuvreux, under which Kepler will distribute Piper Jaffray’s US equity research to clients in Switzerland.
The latest move builds on the two parties’ existing relationship, which began in February last year. The previous agreement enables the French broker to distribute Piper Jaffray research to clients in France, Benelux, Germany, Italy, Spain and Finland.
Kepler Cheuvreux co-head of equity brokerage Marlon Kelly said: “We have been present in Switzerland since 1999 and are well known for our pre-eminent Swiss seminar, held annually in March for the past 19 years.
“We are excited about the opportunity to add the Piper Jaffray U.S. product to our European product distribution. We look forward to showcasing Piper Jaffray’s analysts and corporate access capability in Switzerland. We will do our utmost to ensure that Piper Jaffray is more visible in Switzerland in the future.”
Piper Jaffray equity research group covers around 630 companies in a range of sectors including consumer, energy, financial services, healthcare, industrials as well as technology.
Piper Jaffray COO of global equities Jim Fehrenbach said: “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 Swiss market will further strengthen our distribution in the region and enhance our ability to serve a broader set of clients.”