Piper Jaffray Extends European Distribution of U.S. Securities

Piper Jaffray (NYSE: PJC), a leading middle-market investment bank and asset management firm, announced today that it has significantly expanded its European distribution resources with the addition of four seasoned sales professionals. The new team is led by Bruno Hertig, managing director, and includes Frank Boelsterli, David Meier and Otmar Steinberger. The group, based in Zurich, has been together for 20 years covering the Swiss market. They will initially focus on the distribution of U.S.-listed securities, complementing the firm’s existing team in London, and will help develop additional distribution for the firm’s Asia product.

“This senior team will allow us to significantly increase our penetration of the key Swiss and German institutional accounts,” said Bob Peterson, global head of equities. “Bruno, David, Frank and Otmar bring deep experience and key client relationships. The team is an excellent fit with our culture given their penchant for providing exceptional client service.”

Piper Jaffray has a global equities team of 250, distributing U.S. and Asia securities to institutional investors in the U.S., Europe and Asia. It trades U.S.-listed securities through Piper Jaffray & Co., and European distribution through Piper Jaffray Ltd.

About Piper Jaffray

Piper Jaffray is a leading middle market investment bank and asset management firm serving clients in the U.S. and internationally. A proven advisory team combines deep product and sector expertise with ready access to global capital. Founded in 1895, the firm is headquartered in Minneapolis and its subsidiaries have offices across the United States and in Hong, Kong, London and Zurich. www.piperjaffray.com

© 2011 Piper Jaffray Ltd., One South Place, London, England