MINNEAPOLIS--(BUSINESS WIRE)--Piper Jaffray Companies (NYSE: PJC), a leading investment bank and asset management firm, is pleased to announce the firm is entering into an exclusive equity research distribution agreement with the capital markets arm of Canadian Imperial Bank of Commerce (CIBC). CIBC will be the exclusive distributor of Piper Jaffray research in the Canadian market.
“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,” said Jeff Klinefelter, global head of equities at Piper Jaffray. “We look forward to expanding our research footprint by working with a best-in-class peer to further our efforts.”
The Piper Jaffray equity research group consists of 40 senior analysts covering 750 companies in the consumer, energy, financial institutions, healthcare, industrials, and technology sectors.
The exclusive distribution agreement is effective as of December 5, 2016.
About Canadian Imperial Bank of Commerce (CIBC)
CIBC is a
leading Canadian-based global financial institution with 11 million
personal banking and business clients and three major business units –
retail and business banking, wealth management and capital markets. 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.
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. and Simmons & Company
International Limited, 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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