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MENLO PARK, Calif., Aug. 5 /PRNewswire-FirstCall/ -- Piper Jaffray & Co. is pleased to announce the promotion of Scott LaRue to head of Consumer Mergers & Acquisitions (M&A). He will partner with Murray Huneke, managing director and head of the consumer investment banking practice at Piper Jaffray.

LaRue has over 20 years of experience in corporate finance and investment banking. He joined Piper Jaffray in 2003 as a managing director in the Consumer Investment Banking Group and has played an integral role in its success. Before Piper Jaffray, he was a managing director at Credit Suisse First Boston in San Francisco covering the food and beverage industry. Prior to that, he was a managing director in the Consumer Group at Banc of America Securities also in San Francisco. LaRue holds a bachelor's degree in economics from the University of Southern California in Los Angeles.

"We are thrilled to promote Scott to his new position," said Jon Salveson, head of Investment Banking at Piper Jaffray. "His extensive transaction experience and leadership abilities will help to ensure Piper Jaffray's continued success as a leading advisor to consumer companies."

"I look forward to taking on this leadership role within Piper Jaffray," said LaRue. "We have a very talented team with a great deal of momentum. I am convinced that our strategy of providing superior industry insight and advisory services in our targeted markets will continue to drive our M&A business forward."

Piper Jaffray & Co. is the chief operating subsidiary of Piper Jaffray Companies (NYSE: PJC), 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. Piper Jaffray & Co. has served corporations, government and non-profit entities, institutional investors and the financial advisory needs of private individuals for more than 108 years. Headquartered in Minneapolis, Piper Jaffray has approximately 3,000 employees in 111 offices in 23 states across the country and in London. 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: Dana Wade, Public Affairs and Media Relations, of Piper Jaffray
415-277-1556
Web site: http://www.piperjaffray.com