Kepler Cheuvreux is a leading independent European financial services company specialized in research, execution and advisory services. Founded in Paris in July 1997 as the equity brokerage business of Bank Julius Baer, the Swiss private bank, Kepler Cheuvreux has diversified its business model along the following lines:
- Debt & Derivatives
- Investment Solutions
- Corporate Finance
The foundation of the business is the Research product which is leveraged across all four business lines. Many of the original founders of Kepler are still in place and, during the course of various changes of ownership, they have helped to define the key Kepler characteristics: Independent, Research-focused, Entrepreneurial, Tailor-made solutions and open to Partnerships & Strategic Alliances.
In April 2013, Kepler completed the acquisition of CA Cheuvreux from the vendor, Crédit Agricole CIB. The combination of Kepler and Cheuvreux created a multi local equity brokerage powerhouse in Europe with services in Research, Distribution, Sales Trading, Trading, SmartConnect, ETFs, Corporate Brokerage and Research & Execution services to the retail networks of the Crédit Agricole Group.
Thanks to Kepler’s scale and independent status, it has been able to form separate strategic alliances in Equity Capital Markets with five of Europe’s leading banks: UniCredit,Crédit Agricole CIB, Rabobank (2016), Swedbank (June 2017) and Belfius (November 2017). The bankers from UniCredit, Crédit Agricole CIB, Rabobank, Swedbank and Belfius leverage their corporate lending relationships in order to originate ECM business. The role of Kepler Cheuvreux is to provide the research and distribution platform to support each group’s ECM business
Kepler Cheuvreux is a truly entrepreneurial business with employees and management owning 25.5% of the equity. The shareholders are Crédit Agricole CIB, UniCredit, Rabobank, Swedbank, Belfius, BlackFin Capital Partners, CDC, Atlas Merchant Capital and ERES (Edmond de Rothschild Equity Strategies). The ratio of front office staff to management & support is 3:1 which we feel also reflects our entrepreneurial mind-set. The arrival of new investors brings additional resources which help us to seize even more entrepreneurial opportunities via organic growth and acquisition.
We would also emphasize the multi-local nature of Kepler Cheuvreux. The company is present in fourteen major financial centres, including North America. This unique business model allows our analysts to be close to the companies which they research and our sales people to be close to their clients.