James P. Stearns

Cheuvreux International Ltd. (Cheuvreux International) is the Great Britain-based brokerage subsidiary of Kepler Capital Markets SA in France. Established in 1984, the firm was formerly known as Crédit Agricole Cheuvreux International Ltd. In 2013, Kepler Capital Markets SA acquired Crédit Agricole Cheuvreux from Crédit Agricole Corporate & Investment Bank and Credit Agricole Cheuvreux International Ltd. changed their name to Cheuvreux International Ltd. Based in London, Cheuvreux International provides a range of equity brokerage services including research, distribution, sales trading, trading, corporate access, ETFs, corporate brokerage and research & execution to the retail networks of the Crédit Agricole Group.

JPMorgan Securities Plc is a brokerage firm headquartered in London, UK. The firm was founded in 1992 and is a wholly-owned subsidiary of JP Morgan Capital Holdings Ltd., ultimately owned by JPMorgan Chase & Co. (NYSE: JPM) in the US. JPMorgan Securities provides market research, proprietary pricing data and analytics, and trade execution across multiple asset classes such as credit, equities and FX. They help institutional investors, traditional and alternative asset and fund managers, broker dealers and equity issuers meet the demands of changing markets.

Founded in 2005, Cazenove Inc. is a subsidiary of JPMorgan Cazenove Ltd., a joint venture between JPMorgan Chase & Co. (NYSE: JPM) and Cazenove Group Plc. JP Morgan Cazenove is headquartered in London with offices in Hong Kong, Beijing, Singapore, Shanghai, Frankfurt, Paris and New York City. They provide a full range of investment banking services, including finical advice, mergers and acquisitions, investor relations, debt and equity capital markets advice and execution and equity research and distribution. Cazenove provides brokerage services, equity sales and trading. They do not provide any internal research. All research is done through JPMorgan Cazenove Ltd.