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SHANGHAI, China, March 14 /PRNewswire-FirstCall/ -- Piper Jaffray has added research expertise in its recently-opened Shanghai office with the promotion of Ming Yang to senior research analyst. Yang worked with the clean technology team at Piper Jaffray in New York for the past three years. He will focus on covering China-based cleantech companies as part of the global cleantech team. Additionally, Yang will work with the firm's U.S.-based technology analysts as the senior China technology analyst.

"Ming has done excellent work for clients as a member of our cleantech team in New York," said Joel Denney, head of Investment Research at Piper Jaffray. "We look forward to leveraging his knowledge and industry expertise in Shanghai. Ming will broaden our reach providing clients with unique proprietary research based in Shanghai."

Yang joined Piper Jaffray in 2004 as a research analyst in the electronic manufacturing sector. Prior to that, he was an analyst at Dreman Value Management. He has a bachelor's degree in electronic engineering and computer science from the University of California at Berkley, and a master of business administration degree from Cornell University in Ithaca, N.Y.

About Piper Jaffray

Piper Jaffray Companies is a leading, international middle market investment bank and institutional securities firm, serving the needs of middle market corporations, private equity groups, public entities, nonprofit clients and institutional investors. Founded in 1895, Piper Jaffray provides a comprehensive set of products and services, including equity and debt capital markets products; public finance services; mergers and acquisitions advisory services; high-yield and structured products; institutional equity and fixed- income sales and trading; and equity and high-yield research. With headquarters in Minneapolis, Piper Jaffray has 25 offices across the United States and international locations in London and Shanghai. The firm's UK operating subsidiary, Piper Jaffray Ltd., is authorized and regulated by the Financial Services Authority and is a member of the London Stock Exchange. Piper Jaffray & Co. is the firm's principal operating subsidiary. (NYSE: PJC) (http://www.piperjaffray.com )

Since 1895. Member SIPC and NYSE.

SOURCE  Piper Jaffray & Co.
    -0-                             03/14/2007
    /CONTACT:  Susan Beatty, Public Relations and Communications of Piper
Jaffray & Co., +1-612-303-5680/
    /Web site:  http://www.piperjaffray.com/
    (PJC)

CO:  Piper Jaffray & Co.
ST:  Minnesota, China
IN:  FIN
SU:  PER

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9443 03/14/2007 15:57 EDT http://www.prnewswire.com