Piper Jaffray, a US-based investment bank and asset management firm, has signed an equity research distribution agreement with Canadian Imperial Bank of Commerce’s (CIBC) capital markets division.
Under the agreement, Toronto-based CIBC will serve as the exclusive distributor of
Piper Jaffrays’ 40 senior analysts within its equity research group cover 750 companies in the consumer, energy, financial institutions, healthcare, industrials, as well as technology sectors.
Piper Jaffray global head of equities Jeff Klinefelter said: “While we previously marketed to Canadian clients directly, we are very pleased to be partnering with CIBC to deliver our highly rated research and analysts to a broader institutional client base.
“We look forward to expanding our research footprint by working with a best-in-class peer to further our efforts.”