Kepler Cheuvreux

Kepler Cheuvreux

Message from us :

Due to our DNA, joining Kepler Cheuvreux implies sharing the corporate spirit that drives us forward.

Moreover, being part of Kepler Cheuvreux means:

• Joining a very flexible structure that constantly adapts to ever changing markets,
• Taking on responsibilities,
• Being autonomous in a dynamic and pragmatic environment,
• Going the extra mile to take on our challenges,
• Capitalizing on our knowledge and know-how to reach our objectives,

You will need a flexible and creative approach in order to flourish in our international environment and succeed with our diverse client base. If you possess these qualities and would like to be part of Kepler Cheuvreux’s story,we are made for you!

Joining Kepler Cheuvreux means working in an international, dynamic and constantly evolving environment.
That's why we invest every year in the talent of tomorrow through our high-potential identification program and our internship campaigns. Over the past 5 years, around 500 trainees have joined the Kepler Cheuvreux adventure. Among them, more than 25% had a job offer. How about you?

Henri BERTRAND, Group Head of Human Resources

Our history

Kepler Cheuvreux is a leading independent European financial services company which specializes in research, execution, advisory and asset management services.

The group employs around 600 staff and is present in 13 majors financial centres in Europe and the USA: Amsterdam, Brussels, Frankfurt, Geneva, London, Madrid, Milan, New York, Oslo, Paris, Stockholm, Vienna and Zurich.

Group key figures:
• 1st independent European equity broker
• 1 billion euros of equities traded daily on average
• 1st Equity Research coverage in Continental Europe
• 2nd best broker for research in Europe (Extel 2019)
• 13 majors financial centres in Europe and the USA
• 600 employees
• 1,200 institutional clients

1997 Origins

Kepler Capital Markets was founded in 1997 under the name Julius Baer Brokerage (JBB). In 2003, Julius Baer Holding sold JBB to Lightyear Fund. JBB then changed its name to Kepler Equities, which Icelandic bank Landsbanki acquired in 2005. Its name changed to Landsbanki Kepler.

2008 MBO and independence

Following Landsbanki’s bankruptcy in 2008, Kepler Landsbanki was bought out by its employees through an MBO (management buyout) and changed its name to Kepler Capital Markets (KCM). It became independent and focused solely on brokerage activities.

2011 Equity investment by new institutional shareholders

In 2011, the investment firm BlackFin Capital Partners acquired 47% of KCM’s capital, bringing together four institutional shareholders: Caisse des Dépôts, Crédit Mutuel Arkéa, and Banca Leonardo, whose brokerage and research unit was acquired by KCM.

2011 – 2018 Reshaping of the group and formation of strategic alliances in international markets

The decade was marked by the formation of strategic partnerships allowing the group to develop internationally, starting in 2011 with an alliance between KCM and UniCredit in equity brokerage and equity capital markets. UniCredit acquired a stake in 2013. In April 2013, KCM acquired Cheuvreux from Crédit Agricole CIB and re-branded to Kepler Cheuvreux. In December 2013, Kepler Cheuvreux acquired the activities of Derivatives Capital, a French company specializing in structured products for independent financial advisors and private banks. In the period 2015 – 2018 Kepler Cheuvreux established strategic ECM & research distribution partnerships with Rabobank for the Netherlands, Swedbank for the Nordics and Belfius for Belgium, these three banks also acquired stakes in Kepler Cheuvreux. In the same period, the company signed research distribution agreements with, Piper Sandler (USA) and CIBC (Canada).

2018 Two new major equity shareholders

Atlas Merchant Capital and Edmond de Rothschild Equity Strategies (ERES) bought out the stake held by BlackFin Capital Partners, giving them an interest in Kepler Cheuvreux in June 2018 of 20% and 7%, respectively. However, 40% of Kepler Cheuvreux’s voting rights continue to be controlled by its management and employees.

2019 A new major research and execution partnership

Kepler Cheuvreux and Macquarie Group (Macquarie) announced their cooperation, with the intention of creating unique platform infrastructure in global program trading and cross-distribution of equity research in their respective regional markets - Europe and Asia Pacific (APAC).

Fully equipped with the means required for growth, Kepler Cheuvreux can continue its ambitious development plan while maintaining its entrepreneurial character.

Why our clients are satisfied

Kepler Cheuvreux has a strong brand image due to our expertise and our efficiency. Thanks to our wide offer and our independence, we are a top tier player in the industry.

Kepler Cheuvreux comprises more than 600 employees (of whom 100 analysts) located across the whole of Europe. 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 so they can provide them with tailor-made solutions meeting their needs.

Our strengths? Independence, diversified expertise, an ability to create synergies between our different business lines, responsiveness and an ability to create opportunities. In an ever-changing business environment, our entrepreneurial culture gives us the ability to meet the demands of our clients with pragmatism, innovation and reactivity.