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NEW YORK--(BUSINESS WIRE)--Apr. 28, 2009-- Piper Jaffray & Co. strengthened its public finance banking and municipal trading expertise with three recent hires. John Coan has joined Piper Jaffray as managing director to focus on large issuer business on the East Coast and expand the firm’s presence in the transportation sector. Coan has more than 15 years industry experience and was most recently with Bank of America.

“We are pleased to have John join our Public Finance team and feel he will be a key to our expansion in the transportation sector,” said Frank Fairman, head of public finance at Piper Jaffray. “John’s history of working with clients to find financial solutions is a great cultural fit with our firm.”

Piper Jaffray recently hired Joanna Brody as a principal to head short term institutional fixed and variable rate trading and underwriting. Brody has more than 15 years industry experience and was most recently at UBS Securities where she oversaw a $55 billion variable rate program. She was also a member of capital markets executive team and a crisis management team leader.

Additionally, Piper Jaffray hired Zach Tucker who joins the firm as an assistant vice-president and institutional taxable municipal trader. Tucker joins Piper Jaffray from Citigroup where he was a taxable municipal trader and coordinated trading with retail, middle market and institutional clients. He will be working closely with the underwriting and sales teams as well as the institutional taxable and middle market sales nationwide.

“As we expand our large issuer business, we felt that Joanna’s industry experience and leadership would assure that we continue to offer our clients the most effective variable rate financing and pricing solutions,” said Brad Winges, head of fixed income services at Piper Jaffray. “We believe that the taxable municipal market will grow significantly, and the addition of Zach will enhance our expertise for issuers and our buy-side clients.”

All three of the new hires will work out of the firm’s New York office.

About Piper Jaffray

Piper Jaffray Companies (NYSE: PJC) 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. Piper Jaffray headquarters are located in Minneapolis, Minnesota, with offices across the U.S. and in London, Hong Kong and Shanghai. Piper Jaffray & Co. is the firm's principal operating subsidiary. (www.piperjaffray.com)

Since 1895. Member SIPC and FINRA.

© 2009 Piper Jaffray & Co., 800 Nicollet Mall, Suite 800, Minneapolis, Minnesota 55402-7020

Source: Piper Jaffray

Piper Jaffray
Rob Litt, 612-303-8266