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DENVER, Jul 21, 2009 (BUSINESS WIRE) -- Piper Jaffray & Co. further strengthened its public finance banking presence in Colorado with the addition of David Bell as Managing Director, public finance. Bell, who specializes in municipal financings, will be based in Denver, CO, and will work with the firm's existing public finance team.

With more than 20 years of investment banking experience, Bell joins Piper Jaffray from Stifel Nicolaus, where he worked as a senior banker specializing in structuring and underwriting bond transactions. Bell has a significant base of experience and relationships with diverse clients ranging from school districts to general governmental issuers.

"David brings a wide array of relationships and a strong base of expertise that will deepen our market presence with Colorado issuers," said Frank Fairman, head of public finance services.

Bell earned a bachelor's and a master's degree in business administration from the University of Northern Colorado.

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 Companies
Investor and Media Relations
Jennifer Olson-Goude, 612-303-6277