Former Ceridian CEO Stuart C. Harvey Jr. Appointed Piper Jaffray Merchant Banking Partner

Piper Jaffray Companies (NYSE:PJC), a leading investment bank and asset management firm, is pleased to announce the hiring of Stuart C. Harvey Jr. as a partner in the Piper Jaffray merchant banking group. The group manages private equity investments in commercial businesses with strong growth prospects.

Harvey previously served as a managing director at Piper Jaffray from 1993-2003, and will be rejoining the firm as the merchant banking group prepares to raise a new fund in 2016. The group closed its $100 million Piper Jaffray Merchant Banking Fund I, L.P. in 2012.

From 2003-2010, Harvey served as CEO of Elavon Global Acquiring Solutions, Inc., a subsidiary of U.S. Bancorp, growing revenues to more than $1.5 billion. He joined Ceridian Corporation in 2010 where he served as chairman, CEO and president. During his tenure, he transformed company strategy, vision and operations on a national and international level, leading to sharp increases in sales and operating efficiency. Harvey also led the sale of Comdata, Inc., a Ceridian subsidiary, to FleetCor Technologies, Inc. for $3.45 billion.

“Stuart has a proven track record for building successful companies and he will be highly valuable as we expand our portfolio,” said Tom Schnettler, merchant banking managing director and vice chairman of Piper Jaffray & Co. “In less than five years, he was able to dramatically transform the business of Ceridian Corporation, resulting in significant increases in shareholder value. We look forward to utilizing Stuart’s skills in creating value for our investors.”

“I am honored to be named a merchant banking partner, working alongside Tom Schnettler, Bob Rinek and David Crosby. They are a veteran group of individuals that is well-respected throughout the industry; their record of investment in quality companies is very impressive and I am eager to join them,” said Harvey.

Harvey holds a bachelor’s degree from St. John’s University, a Juris doctorate from the George Washington University Law School and a Master of Business Administration degree from the Kellogg School of Management at Northwestern University. He also serves on the board of directors for Trustwave Holdings, Inc. and the board of trustees at St. John’s University.

About Piper JaffrayPiper Jaffray Companies (NYSE: PJC) is an investment bank and asset management firm headquartered in Minneapolis with offices across the U.S. and in London, Hong Kong* and Zurich. Securities brokerage and investment banking services are offered in the United States through Piper Jaffray & Co., member NYSE and SIPC, and in Europe through Piper Jaffray Ltd., authorized and regulated by the Financial Conduct Authority. Asset management products and services are offered through three separate investment advisory affiliates registered with the U.S. Securities and Exchange Commission: Advisory Research Inc., Piper Jaffray Investment Management LLC and PJC Capital Partners LLC.

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Piper Jaffray CompaniesPamela Steensland, [e-mail]