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NEW YORK -April 1, 2003-U.S. Bancorp Piper Jaffray (Piper Jaffray) is pleased to announce that Thomas Wei has joined the firm's Equity Capital Markets division as a senior research analyst covering biotechnology with a focus on therapeutics. Wei joins the firm from Deutsche Bank Securities in New York, where he was a research associate covering biotechnology for the past three years. Prior to that, he was a research associate at Adams, Harkness & Hill also covering biotechnology. Wei will be located in Piper Jaffray's New York office.
"Thomas's deep educational background in biochemistry and finance coupled with his Wall Street experience in covering biotechnology companies, will be a welcomed addition to our current health care coverage," said Robert Peterson, head of Equity Research at U.S. Bancorp Piper Jaffray.
Wei holds a bachelor's degree in biochemistry, from Harvard University in Cambridge, Mass., and earned a master's of business administration degree from Oxford University in Oxford, United Kingdom, under a Rhodes Scholarship.
"Having the opportunity to contribute to such a strong health care research team at Piper Jaffray is very exciting," said Wei. "Piper Jaffray is a firm with great people and rich culture and I look forward to bringing my expertise in the biotechnology industry to the firm."

U.S. Bancorp Piper Jaffray, a subsidiary of Minneapolis-based U.S. Bancorp, is a focused securities firm comprised of three divisions: Equity Capital Markets, Fixed Income Capital Markets and Private Advisory Services. The firm provides a full range of investment products and services to individuals, institutions and businesses. The firm has over 120 offices in 24 states across the country. The Equity Capital Markets Division focuses on the needs of growth companies in the health care, technology, financial institutions, consumer and communications growth sectors. The firm has a national reputation for its expertise in fundamental research and equity and debt financing. The Fixed Income Capital Markets business provides bond issuers, individual investors and institutional investors expertise in investment banking, underwriting, trading, sales and research. The firm offers innovative solutions in corporate and government debt financings with particular expertise in corporate, health care/hospitals, real estate, higher education and government debt. The Private Advisory Services division financial advisors provide guidance in retirement planning, education planning, estate planning and wealth accumulation. Investors select from a wide array of products, including fee-based products, stocks, bonds, mutual funds, annuities, insurance and trust services. U.S. Bancorp offers a comprehensive range of financial solutions through U.S. Bank, U.S. Bancorp Asset Management, U.S. Bancorp Investments and U.S. Bancorp Piper Jaffray. For more information on U.S. Bancorp Piper Jaffray, visit www.piperjaffray.com.