Piper Jaffray Companies (NYSE:PJC)
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Piper Jaffray, a global leader in renewable energy and clean technology,
announced today the addition of one of the leading figures in this
emerging industry, Doug Cameron, as managing director and chief science
advisor. Cameron formerly served as the chief scientific officer at
Khosla Ventures and was director of biotechnology at Cargill. He will
work with Lois Quam, leader of strategic investing for green economy and
health at Piper Jaffray, in building the firm’s
global franchise in renewable energy and clean technology.
“The creation and growth of companies in the
green economy is the economic opportunity of our lifetime,”
said Quam. “Doug operates in all the
scientific and business areas related to this space. Together, we will
deliver on the full breadth of opportunities in energy efficiency, clean
technology and renewable energy businesses. These opportunities are
driven by multiple, enduring and inter-related factors: oil supply and
price issues, climate change, government actions, consumer and business
demand, and world population growth.”
At Piper Jaffray, Cameron will work with the firm’s
industry-leading clean technology and renewable energy investment
banking team in the origination and diligence of global opportunities.
He will also explore alternative investments and other opportunities for
the firm.
“Doug’s unique
position as a scientist and business person who has worked in this
industry since its creation is a remarkable asset for Piper Jaffray,”
said Murray Huneke, co-head of investment banking at Piper Jaffray & Co. “His
experience in China and other global settings provides a great benefit
to us given our significant investment banking business in clean
technology and renewable energy in China. His expertise will also allow
us to assist our clients in traditional industry sectors who are seeking
to respond to the environmental and natural resource imperatives they
face.”
Cameron received his bachelor’s degree in
biomedical engineering from Duke University and Ph.D. in biochemical
engineering from the Massachusetts Institute of Technology. He will
start with Piper Jaffray on Aug. 11 and will be based in Minneapolis.
“I am delighted to join a global financial
services firm with a long history, breadth of offerings, and thought
leadership in renewable energy and clean technology,”
said Cameron. “I look forward to working with
my colleagues to achieve the full potential of this space and enhance
the firm’s global leadership.”
Piper Jaffray & Co. has been the number one U.S clean technology
underwriter since 2006(a) and boasts an international clean technology
and renewables team that stretches from Asia to Europe to the United
States and includes project finance, investment banking, research, and
sales and trading professionals. In addition, the firm’s
private capital team launched the first U.S.-based clean technology fund
of funds in 2005. Cameron’s appointment
follows the hiring of Michael Covington as the head of Piper Jaffray Ltd’s
European clean technology and renewables investment banking earlier this
year.
(a) Source: Thompson Financial. Ranked by number of deals as of
12/5/2007
About Piper Jaffray
Piper Jaffray Companies (NYSE: PJC) 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, Hong Kong, and Shanghai. Piper
Jaffray & Co. is the firm's principal operating subsidiary. (http://www.piperjaffray.com)
© 2008 Piper Jaffray & Co., 800 Nicollet
Mall, Suite 800, Minneapolis, Minnesota 55402-7020