Piper Jaffray Continues National Expansion of Public Finance and Fixed Income


MINNEAPOLIS – May 3, 2012 – Piper Jaffray (NYSE: PJC) has continued the national expansion of its public finance and fixed income franchise with 16 senior hires in 2012. The firm has added seven public finance bankers, two fixed income traders, and seven fixed income salespeople. Since the beginning of 2010, the firm has grown its footprint from 20 to 33 offices.

Extending its leading public finance business, Piper Jaffray added key hires and opened new offices in Atlanta, Birmingham, Charleston (West Virginia), and Cleveland. New senior bankers include Ed Wall in Atlanta, Jim Folsom in Birmingham, Marie Prezioso and Joe Nassif in Charleston, and Ryan Stefan and Mike Prcela in Cleveland. Also, Marc Silver joined the firm as a senior banker in the senior living sector with principal coverage in Philadelphia and the Northeast.

“We are excited to have bankers of this caliber join the firm,” said Frank Fairman, head of public finance for Piper Jaffray. “They have great banking expertise with deep client relationships in areas where we were seeking to expand. Because of disruption in the marketplace, our firm is a particularly attractive employer of choice due to our stability and commitment to public finance.”

Further, Piper Jaffray substantially bolstered its fixed income sales and trading platform with hires that have increased its capability and reach. Through April, the firm had hired two new traders and seven new salespeople. The firm opened a new office in Baltimore, with three key hires including Sean Horrigan, as head of agency trading, and Marci Flynn and Deb Horrigan in fixed income sales. David Buss joined the firm in Minneapolis as a senior corporate trader, expanding sector coverage. Bret Tomford and Joan Roberts joined fixed income sales in the new Cleveland office. Sam Alimam joined fixed income sales in San Francisco; Tim Rowley joined fixed income sales in Charlotte; and Greg Sammons joined fixed income sales in Newport, Oregon.

“We are committed to building a leading fixed income franchise at Piper Jaffray. These key hires extend our capabilities across the spectrum of taxable and tax-exempt product,” said Brad Winges, head of fixed income services for Piper Jaffray. “We see additional growth opportunity and are making strategic investments to strengthen our platform and deliver the best capabilities to our clients.”

Piper Jaffray has had a longstanding franchise west of the Mississippi. The firm significantly expanded its market penetration in 2010 and 2011 with new offices in Albany, Charlotte, Indianapolis, Jacksonville, Memphis, Nashville, Philadelphia, Pittsburgh, and San Antonio.

Piper Jaffray now has 33 fixed income offices across the nation providing national coverage and regional expertise to a diverse set of clients. For the first quarter of 2012, the Piper Jaffray public finance franchise ranked 2nd in number of senior managed negotiated issues and 9th in par value. In addition to an array of proprietary and secondary tax-exempt and taxable municipal product, the fixed income sales and trading team has expertise across the taxable spectrum, including short-term product, agencies, corporates, mortgage backed securities, asset backed securities, preferred securities and convertible securities.

About Piper Jaffray
Piper Jaffray is a leading investment bank and asset management firm serving clients in the U.S. and internationally. Proven advisory teams combine deep product and sector expertise with ready access to global capital. Founded in 1895, the firm is headquartered in Minneapolis and has offices across the United States and in Hong Kong, London and Zurich.

Since 1895. Member SIPC & NYSE.
© 2012 Piper Jaffray & Co., 800 Nicollet Mall, Suite 800, Minneapolis, Minnesota 55402-7020