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CLEVELAND, April 13 /PRNewswire-FirstCall/ -- Piper Jaffray & Co. is pleased to announce the addition of four new fixed income sales professionals to its Cleveland office. John Plagens and Bill Plagens joined the firm in municipal institutional sales, Amanda Paoletto joins as a middle market sales representative and Teresa Yancey joins as a public sector sales representative. The new sales group is located in the firm's new Cleveland office in the BP Tower, at 200 Public Square, Suite 3260.

"We are pleased to welcome John, Bill, Amanda and Teresa to our sales staff in Cleveland," said Jim Foliano, Piper Jaffray managing director, institutional sales and Cleveland branch manager. "We have been open for nearly two years and continue to expand our presence in this market helping Piper Jaffray to better serve its clients in the Midwest, especially in Ohio, Pennsylvania, Kentucky and Indiana."

John and Bill Plagens join the firm as managing directors in municipal institutional sales both from McDonald Investments, a KeyCorp Company, where they spent the past eight years. Prior to working at McDonald, John Plagens spent 12 years working at Kemper Securities. He has a political science degree from The Ohio State University and a law degree from the Cleveland Marshall College of Law. Bill Plagens brings over 16 years of sales experience and prior to working at McDonald, was in sales at Key Capital Markets. He has a communications degree from The Ohio State University.

Paoletto joined the firm as an assistant vice president after spending the past year working in commercial banking at US Bank. Prior to that, she worked for Morgan Stanley in Chicago in trading and at DLJ as a cash management account manager. Paoletto has a bachelor's degree in management from Purdue University in West Lafayette, Ind., and a master's of business administration degree from DePaul University in Chicago.

Yancey joined the firm as a vice president from Productive Portfolios, Inc., in Rocky River, Ohio, after spending the past couple of years as a portfolio manager. Prior to that, she spent 10 years in institutional sales at Huntington Capital Corp., in Columbus, Ohio. Yancey has a bachelor's degree in business administration from The Ohio State University and a law degree from Capital University Law School in Columbus.

The Cleveland office opened in June 2002, as a strategic expansion of the Piper Jaffray fixed income sales operation. The office currently has two municipal sales professionals and five taxable sales professionals in corporate, mortgage, government agencies and financial institutions. The expansion builds upon the firms' nation-wide fixed income sales services in Minneapolis, New York, San Francisco, Kansas City, Des Moines, Spokane, Las Vegas, Milwaukee, Seattle, Chicago, Lincoln, Denver and Portland.

Headquartered in Minneapolis, Piper Jaffray & Co., a subsidiary of Piper Jaffray Companies (NYSE: PJC), is a 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 111 offices in 23 states across the country and in London, England. For more information about Piper Jaffray, visit us online at www.piperjaffray.com .

Since 1895, Member SIPC and NYSE.

SOURCE  Piper Jaffray & Co.
04/13/2004
CONTACT:  Susan Beatty, Public Affairs and Media Relations of Piper
Jaffray & Co., +1-612-303-5680
Web site:  http://www.piperjaffray.com