Piper Jaffray Adds Senior Analyst Michael Lavery to Consumer Equity Research

Piper Jaffray Companies (NYSE: PJC), a leading investment bank and asset management firm, is pleased to announce the hiring of Michael Lavery as a senior research analyst covering packaged food and tobacco companies. He will be based in the firm’s New York office.

Previously, Lavery was a senior analyst and director covering tobacco and packaged foods at CLSA Americas LLC, and also spent over three years supporting coverage of beverages. He was named the No. 1 stock picker in tobacco in 2013 by Starmine. Prior to CLSA, he worked at Kraft Foods and covered food manufacturers as a research associate at Citigroup for four years before spending two years in a consulting role at Booz & Co working with consumer companies. Prior to business school, he was in public accounting at PricewaterhouseCoopers.

“With the evolving consumer and retail landscape, we look forward to adding Michael’s packaged food, tobacco and beverage coverage to our platform,” said Michael Cox, director of equity research at Piper Jaffray. “We believe the combination of Michael’s industry and sell-side experience of over 11 years brings a differentiated research product that will deliver value to our clients.”

Lavery holds a Master of Business Administration degree from Columbia Business School and a bachelor’s degree in commerce from the University of Virginia.

The Piper Jaffray equity research group consists of 35 senior analysts covering 659 companies in the following sectors: healthcare, energy, financial institutions, technology, consumer, industrials, agriculture and clean tech & renewables.

Piper Jaffray Companies (NYSE: PJC) is a leading investment bank and asset management firm. Securities brokerage and investment banking services are offered in the U.S. through Piper Jaffray & Co., member SIPC and FINRA; in Europe through Piper Jaffray Ltd., authorized and regulated by the U.K. Financial Conduct Authority; and in Hong Kong through Piper Jaffray Hong Kong Limited, authorized and regulated by the Securities and Futures Commission. Asset management products and services are offered through five separate investment advisory affiliates―U.S. Securities and Exchange Commission (SEC) registered Advisory Research, Inc., Piper Jaffray Investment Management LLC, PJC Capital Partners LLC and Piper Jaffray & Co., and Guernsey-based Parallel General Partners Limited, authorized and regulated by the Guernsey Financial Services Commission.

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Piper Jaffray & Co.Pamela Steensland, [e-mail]