Piper Jaffray Companies (NYSE:PJC)
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Piper Jaffray Companies (NYSE: PJC) today announced changes to its
senior management committee, naming Thomas Schnettler as president and
chief operating officer of the company and supporting global growth by
adding the heads of its Asia and European operations to its executive
team.
In his new role, Schnettler will focus on driving growth in the firm’s
core investment banking and institutional securities business areas.
Schnettler, who most recently served as the firm’s
vice chairman and chief financial officer, will continue to report to
Piper Jaffray Chairman and CEO Andrew Duff. Duff, in addition to
continuing to lead the firm’s management
committee, will focus on corporate development and strategic
initiatives, including growth of the firm’s
asset management business.
“Tom’s proven
leadership is critical to driving growth in our core business areas and
creating long-term client and shareholder value across all our global
business operations,” Duff said.
Replacing Schnettler as CFO is Debbra Schoneman, previously managing
director and treasurer for Piper Jaffray. Schoneman will join the firm’s
management committee and report to Duff.
“Deb has been with Piper Jaffray for 18
years, and brings proven finance expertise, deep industry knowledge and
strong internal partnerships to the role of CFO and the firm’s
management committee,” Duff said.
Continuing to report to Duff on the Piper Jaffray management committee
are Jim Chosy, general counsel, and Todd Firebaugh, chief administrative
officer. Reporting to Schnettler will be the heads of the firm’s
global investment banking and institutional securities business
operations, including: Frank Fairman, head of public finance services;
Alex Ko, chairman and CEO of Piper Jaffray Asia; Ben May, head of fixed
income services; Robert Peterson, head of equities; Jon Salveson, head
of investment banking; and David Wilson, CEO of Piper Jaffray Ltd., the
firm’s London-based operations. As a result
of this new structure, Ko and Wilson will join the rest of the business
heads on the firm’s management committee.
“Piper Jaffray has a tremendous opportunity
to build leading international capabilities to drive growth in our
business,” Schnettler said. “Naming
Alex and David to the management committee reflects our increasing
global footprint and our commitment to helping our clients raise and
invest capital in the world’s leading capital
markets.”
Schnettler, who joined Piper Jaffray in 1986, has held several senior
management positions in the firm’s investment
banking and institutional securities business areas. Schnettler earned a
bachelor’s degree in government from St.
John's University in Collegeville, Minn. and has a law degree from
Harvard Law School. He serves on the board of directors of Catholic
Charities of St. Paul and Minneapolis and will serve on the St. John’s
University Board of Regents, effective July 1.
Schoneman joined Piper Jaffray in 1990 in the firm’s
accounting department. She has held several senior finance management
positions, including finance director of both equity and fixed income
capital markets and, most recently, treasurer. Schoneman earned a
bachelor’s degree in finance from Minnesota
State University Mankato in Mankato, Minn., and a Master of Business
Administration degree from the University of St. Thomas in Minneapolis.
Ko joined Piper Jaffray as part of the firm’s
2007 acquisition of Hong Kong-based Goldbond Capital Holdings Limited,
which he founded in 2003. Ko has more than 25 years of experience in
banking and corporate finance in China and Hong Kong, and previously
served as the chairman of the corporate finance business at BNP Paribas
Peregrine Capital Limited. Ko is a member of the listing committee on
the main board and Growth Enterprise Market (GEM) board of the Hong Kong
Stock Exchange. He is an independent non-executive Director of Tianjin
Capital Environmental Protection Company Limited, which is listed on the
Hong Kong Stock Exchange. He is also an independent non-executive
Director of Golden Eagle Asset Management Limited. He graduated from The
Chinese University of Hong Kong with a bachelor’s
degree in business administration.
Wilson joined Piper Jaffray in 2001 and was named CEO of Piper Jaffray
Ltd. in 2005. He is responsible for the firm's European institutional
sales, trading and investment banking operations. Prior to being named
CEO of Piper Jaffray Ltd., Wilson served as head of European investment
banking for the firm. He has significant investment banking experience
in the U.K. health care sector, and previously held senior investment
banking positions at ING Barings, BTAB/Deutsche Bank and UBS Warburg.
Wilson graduated from Cambridge University.
About Piper Jaffray
Piper Jaffray Companies 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 Hong Kong, London and Shanghai. Piper Jaffray & Co. is the
firm's principal operating subsidiary. (NYSE: PJC) (http://www.piperjaffray.com)
© 2008 Piper Jaffray & Co., 800 Nicollet
Mall, Suite 800, Minneapolis, Minnesota 55402-7020