Piper Jaffray News Releases


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SEATTLE –January 22, 2004 –Tim Chervenak, Seattle private client services branch manager at Piper Jaffray & Co., has been named the chair of the Seattle Regional Community Involvement Council (RCIC) covering the states of Washington and Montana. In addition, he has been named to the firm's Corporate Community Involvement Council (CCIC). The CCIC, a group of Piper Jaffray employees from across the firm's business lines and geographic markets within the organization, will provide direction for grantmaking, sponsorship and volunteer efforts. Chervenak was chosen as the chair of the RCIC because of his commitment to community involvement and leadership within the firm. The RCIC will make decisions regarding grantmaking in the firm's local, Seattle region communities.

“We are pleased to have Tim as the chair of our Seattle Regional Community Involvement Council,” said Andrew Duff, chairman and chief executive officer at Piper Jaffray. “Tim's commitment to the Seattle area community makes him the perfect candidate to represent our firm in this important effort to build stronger communities by focusing our talents and resources in community redevelopment, arts and culture and education.”

Chervenak has been involved in fundraising for the Make-A-Wish Foundation for over five years. Prior to joining the firm, he was the Spokane branch manager at Kidder, Peabody. Chervenak has a bachelor's degree in business from the University of Washington.

Headquartered in Minneapolis, Piper Jaffray is a client-focused securities firm dedicated to delivering superior financial advice, investment products and transaction execution within selected sectors of the financial services marketplace. The company operates through two primary revenue-generating segments - Capital Markets and Private Client Services. Investment Research, an independent group reporting to the CEO, supports clients of both segments. The firm serves corporations, government and non-profit entities, and institutional investors on a national basis and serves the financial advisory needs of private individuals predominantly across the western half of the United States. The firm has over 2900 employees in 123 offices in 23 states across the country and in London, England. For more information about Piper Jaffray, visit us online at

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Susan Beatty Public Affairs and Media Relations Piper Jaffray Tel: 612 303-5680