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NASHVILLE, Tenn., July 6 /PRNewswire-FirstCall/ -- As part of its nation-wide expansion, Minneapolis-based Piper Jaffray & Co. opened a fixed-income securities sales office in Nashville. This expansion brings the firm's total number of fixed-income sales offices to 15, including Minneapolis, New York, San Francisco, Kansas City, Des Moines, Spokane, Las Vegas, Milwaukee, Seattle, Chicago, Cleveland, Lincoln, Denver and Portland.

Leading the office are vice-presidents investments Kevin Heffernan and Kirk Manz. As part of the firm's Financial Institutions Group, they will be responsible for providing fixed-income investment solutions to financial institutions located predominately in the Southeast. Heffernan and Manz most recently worked at Stephens, Inc., in Nashville, where they were responsible for institutional fixed-income sales. Heffernan received his bachelor's degree from the University of Tennessee in Knoxville. Manz received his bachelor's degree from Vanderbilt University in Nashville.

"Nashville expands our geographic coverage so that we are better situated to work with institutions in the Southeast," said Jim Roddy, head of Fixed Income Sales at Piper Jaffray. "We are pleased to begin the office with individuals of the quality and caliber of Kevin and Kirk. We look forward to adding more salespeople in Nashville in the future and believe this will help us better serve our clients located in the region."

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 approximately 3,000 employees in 111 offices in 23 states across the country and in London, England. For more information about Piper Jaffray, visit us online at http://www.piperjaffray.com .

Since 1895. Member SIPC and NYSE.

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