People

Merchant Banking

 

Individual: 

Thomas Schnettler

Vice Chairman of Piper Jaffray & Co.
Managing Director
Merchant Banking

Thomas Schnettler

Thomas Schnettler is vice chairman of Piper Jaffray & Co., managing director in the merchant banking group and member of the general partner. He initiated the merchant banking practice at Piper Jaffray in 2007 and has overseen the business since that time. Schnettler previously served as president and chief operating officer of Piper Jaffray from 2008 to 2011, and as vice chairman and chief financial officer from 2006 to 2008. Prior to that, he served as head of the Piper Jaffray corporate and institutional services business beginning in 2002, and as head / co-head of investment banking beginning in 2000. From 1989 to 2000, he co-founded and led the healthcare investment banking group. Schnettler joined the Piper Jaffray investment banking group in 1986.

Schnettler serves on the St. John’s University board of trustees and on the advisory board for the Lillehei Heart Institute at the University of Minnesota.

Schnettler graduated from St. John’s University in Collegeville, Minn. and holds a Juris doctorate from Harvard Law School.

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Robert Rinek

Managing Director
Merchant Banking

E-mail  |  Tel: +1 612 303-6306

Robert Rinek

Robert Rinek is a managing director in the merchant banking group at Piper Jaffray and member of the general partner. Previously, Rinek established the firm’s financial institutions group (“FIG”) in the late 1980s and served as global group head of FIG until December 2007.  He also served on the board of Piper Jaffray Ventures and helped start and direct the Northern Leasing Fund, a joint venture between GATX Capital, Meier Mitchell & Co. and Piper Jaffray involved in venture leasing. Rinek has worked in the investment banking industry for more than 35 years and joined Piper Jaffray in 1982.

Prior to joining Piper Jaffray, Rinek was with the Northern Trust Company and ITT Financial Corporation.

Rinek has been involved in a variety of investing activities for both for-profit and not-for-profit organizations over the course of his career. Rinek is a founding member of Twin Cities Angels, which makes angel investments in start-up companies around the Twin Cities.  He has also served on the board of Marshall Financial Ventures, an equity fund focused on investing in late-stage financial service companies.  Finally, Rinek has served on the board of the Science Museum of Minnesota and currently serves on the board of Twin Cities Public Television. 

Rinek graduated from Denison University and earned a Master of Business Administration degree from The University of Chicago Graduate School of Business. He has also earned the Certified Management Accountant (CMA®) professional designation.

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David Crosby

Managing Director,
Merchant Banking

E-mail  |  Tel: +1 612 303-6300

David Crosby

David Crosby is a managing director in the merchant banking group at Piper Jaffray and member of the general partner. He has extensive transaction experience and has been an investment banker at Piper Jaffray since 1971.

Crosby directed the activities of the investment banking group for 19 years, and he has previously served on the management committee and board of directors for Piper Jaffray Companies.

Crosby’s principal avocation since college has been investing in marketable equity securities. For the last 20 years, he has guided investments for his extended family. This role has been a natural extension of the experience he has gained as an investment banker.

Crosby has also been involved in many not-for-profit organizations where he has and continues to be involved on many investment and finance committees. These organizations have included: the Piper Jaffray Retirement Committee, The McKnight Foundation, The Bush Foundation, University of Minnesota Investment Advisory Committee, Carolyn Foundation, Dunwoody College of Technology, Lakewood Cemetery, Steven Square Foundation, The Minneapolis Foundation, The Blake School and Grinnell College.

Crosby graduated from Yale University and received a Master of Business Administration degree from Stanford University Graduate School of Business Administration.

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