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MINNEAPOLIS, Dec. 3 /PRNewswire-FirstCall/ -- Piper Jaffray today announced Charles Fishman, Gary Mobley and Ryan Bouchard have joined the investment research team to expand its clean technology and semiconductor expertise. They will be based in St. Louis, Mo., building on the firm's continued expansion and growth in the St. Louis market.

Fishman joins Piper Jaffray as a senior research analyst covering the clean technology space. He was previously an analyst on the utility equity research team at AG Edwards, bringing more than 20 years of experience from Trigen Energy Corporation to his position. He earned a bachelor's degree in civil engineering from Purdue University, a master's degree in engineering from the University of California - Berkeley, and a Master of Business Administration degree from the University of Chicago.

Mobley will provide coverage of the semiconductor industry and was previously a senior equity analyst at AG Edwards where he covered small and mid-cap semiconductor companies. Prior to AG Edwards, he focused on small-cap semiconductor stocks at B. Riley & Co., and was also affiliated with Bank of America and Kennedy Capital. He received a bachelor's degree from the University of Missouri - St. Louis and a master's degree in finance from Saint Louis University.

In addition, Bouchard joins the semiconductor team as a research analyst. Previously, he was an associate analyst in the semiconductor sector at AG Edwards. Bouchard received a bachelor's degree from the University of Missouri - Columbia, as well as a Master of Business Administration degree from Saint Louis University.

"With the addition of Charles, Gary and Ryan, we have a unique opportunity to strengthen our expertise in the clean technology and semiconductor space, while expanding the firm's presence in the St. Louis area," says Joel Denney, head of investment research at Piper Jaffray.

These new hires continue a rapid expansion in the St. Louis market for Piper Jaffray. In September, Piper Jaffray completed the acquisition of St. Louis-based Fiduciary Asset Management, LLC, a 50-person asset management team. In October, Tom Curran joined the firm as vice president of investment banking where he is building the firm's governmental and economic development business in the St. Louis area, Eastern Missouri and Southern Illinois.

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, Hong Kong, Shanghai and Beijing. Piper Jaffray & Co. is the firm's principal operating subsidiary. (NYSE: PJC) (http://www.piperjaffray.com)

Since 1895. Member SIPC and FINRA. (C) 2007 Piper Jaffray & Co., 800 Nicollet Mall, Suite 800, Minneapolis, Minnesota 55402-7020

SOURCE Piper Jaffray

CONTACT: Andrea Young of Piper Jaffray,
+1-612-303-6697