Piper Jaffray Companies (NYSE:PJC)
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Piper Jaffray & Co. continues to grow its fixed income expertise with
the addition of an industry-leading team of five sales and trading
professionals that form its structured mortgage products group. The team
will focus its efforts on specific areas of the asset back and mortgage
markets.
“There are great opportunities in the
distressed market that a highly skilled team can leverage, and this is a
market we will now serve with an industry-leading and experienced team,”
said Ben May, head of fixed income services at Piper Jaffray.
Under the leadership of Cliff Corrall as managing director, the team
will operate out of a newly opened office in Marina Del Ray, Calif.
Prior to joining Piper Jaffray, Corrall was executive vice president at
Countrywide Securities where he led one of the industries’
top performing teams since 2001. Prior to Countrywide, Corrall was
senior vice president at Chase Securities.
“Piper Jaffray has a strong fixed income
platform and a reputation for superior client service that will benefit
our clients and enhance the expertise we provide them,”
said Corrall.
In addition to Corrall, the following professionals also join the
structured mortgage products group: James Griffin as a senior ABS/MBS
trader; Brian Stack as a senior ABS/MBS structuring expert; and James
Tennille as a senior top performing salesperson. They join Piper Jaffray
as managing directors and previously worked at Countrywide Securities,
as did Lisa Yawger who joins the firm as registered sales assistant.
Combined, they bring more than 70 years of sales and trading expertise
in the ABS/MBS marketplace.
This team will work closely with Luke Jackson who as part of the fixed
income analytics team is building an analytical platform to help clients
identify opportunities in the structured products area. Jackson joined
the firm a few months ago, and was previously a senior analyst and
trader at GMAC ResCap where he worked on the non-prime trading desk and
helped manage risk in the retained credit residual portfolio.
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 28 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)
Since 1895. Member SIPC and FINRA.
© 2008 Piper Jaffray & Co., 800 Nicollet Mall,
Suite 800, Minneapolis, Minnesota 55402-7020