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LONDON, June 20 /PRNewswire/ -- In an effort to provide clients the best proprietary and in-depth research analysis in the European technology sector, Piper Jaffray announces it has hired Rajeev Bahl to join the Piper Jaffray European Software and IT Services team. Bahl will broaden the firm's coverage of the technology sector, and will be based in the firm's London office.

Bahl has extensive experience working in the technology industry. Most recently, he covered the technology sector for six years at Deutsche Bank and Cazenove with coverage spanning a range of mid- and large-cap stocks across the United Kingdom and continental Europe.

"Our desire is to extend our research product offering in the technology sector providing our clients additional proprietary and in-depth analysis," said Sam Fazeli, Deputy Head of Research. "Rajeev's comprehensive knowledge and background make him an excellent addition to our team. We look forward to enhancing our capabilities through the expertise and experience he brings."

Rajeev graduated in economics, accounting and finance from the London School of Economics and subsequently qualified as a chartered accountant at KPMG where he was focused on the chemical and mining sectors.

About Piper Jaffray

Piper Jaffray Companies is a leading, international middle market investment bank and institutional securities firm, serving the needs of middle market corporations, private equity groups, public entities, nonprofit clients and institutional investors. Founded in 1895, Piper Jaffray provides a comprehensive set of products and services, including equity and debt capital markets products; public finance services; mergers and acquisitions advisory services; high-yield and structured products; institutional equity and fixed-income sales and trading; and equity and high-yield research. With headquarters in Minneapolis, Piper Jaffray has 25 offices across the United States and international locations in London and Shanghai.

The firm's UK operating subsidiary, Piper Jaffray Ltd., is registered in England, no. 3846990, and its registered office is 7 Pilgrim St, London EC4V 6LB. Piper Jaffray Ltd. is authorised and regulated by the Financial Services Authority, entered on the FSA's register, http://www.fsa.gov.uk/register/home.do, no.191657 and is a member of the London Stock Exchange.

Piper Jaffray & Co. is the firm's principal operating subsidiary. (NYSE: PJC; http://www.piperjaffray.com )

Since 1895. Member SIPC and NYSE.

(C) 2007 Piper Jaffray & Co., 800 Nicollet Mall, Suite 800, Minneapolis, Minnesota 55402-7020

SOURCE Piper Jaffray

CONTACT: Rob Litt, Media Relations, Piper Jaffray & Co.,
+1-612-303-8266