Kepler Cheuvreux is a leading independent European financial services company specialized
in advisory services and intermediation to the investment management industry. 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
- 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 three of Europe’s leading banks: UniCredit,Crédit Agricole
CIB and Rabobank (June, 2016). The bankers from UniCredit, Crédit Agricole CIB and Rabobank 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 37.5% of the equity.
The minority shareholders are Crédit Agricole CIB, UniCredit, Rabobank, BlackFin Capital Partners,
CDC and Crédit Mutuel Arkéa. 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 minority investors brings additional resources which will 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 thirteen 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.