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MINNEAPOLIS, Apr 06, 2010 (BUSINESS WIRE) --Piper Jaffray & Co. today announced the hiring of Peter Schwab as managing director and group head of restructuring, and Teri Stratton as managing director. Schwab is based in Chicago and Stratton is based in Los Angeles. These senior hires expand the existing team based in New York.

"Restructuring advisory is a critical component of our integrated delivery of products and services for our corporate clients," said Jon Salveson, global head of investment banking. "More than ever, clients need trusted advisors to help them navigate the challenges of understanding and assessing the best solutions to meet their needs at a given time. We're responding to the client need by adding Peter and Teri, two very seasoned professionals."

Salveson added, "We are delighted they have joined our team. Peter and Teri are client- and team-oriented professionals, and their experience overlays well with our industry expertise."

Peter Schwab joined Piper Jaffray from Macquarie Capital, where he was a senior member of the restructuring team and head of the retail and consumer products team. Schwab has more than 28 years of experience in assisting companies with restructurings and mergers and acquisitions. Prior to Macquarie Capital, he was COO of Giuliani Capital Advisors and prior to that, president and national head of restructuring of the investment banking subsidiary of Ernst and Young. Schwab has a bachelor's degree in economics and Russian and a master's degree in accounting from Rice University in Houston.

Teri Stratton has spent 10 years focused on providing capital markets, mergers and acquisitions, and restructuring advisory services to companies across many industries. Prior to her investment banking career, Stratton spent eight years in corporate banking, serving in both credit administration and special assets. Stratton joined Piper Jaffray from Macquarie Capital and its predecessor firms. She has a bachelor's degree in economics from the University of California at Los Angeles and a master of business administration degree in finance from the The Anderson School at UCLA.

About Piper Jaffray

Piper Jaffray Companies (NYSE: PJC) is a leading, international investment bank and institutional securities firm, serving the needs of corporations, private equity groups, public entities, nonprofit clients and institutional investors. Founded in 1895, Piper Jaffray provides a broad set of products and services, including equity and debt capital markets products; public finance services; financial advisory services; equity and fixed-income institutional brokerage; equity research and fixed income analytics; and asset management services. Piper Jaffray headquarters are located in Minneapolis, Minnesota, with offices across the U.S. and in London and Hong Kong. Piper Jaffray & Co. is the firm's principal operating subsidiary. (www.piperjaffray.com)

Since 1895. Member SIPC and FINRA.

© 2010 Piper Jaffray & Co., 800 Nicollet Mall, Suite 800, Minneapolis, Minnesota 55402-7020

SOURCE: Piper Jaffray Companies

Piper Jaffray Companies
Investor and Media Relations
Jennifer A. Olson-Goude, 612-303-6277