Piper Jaffray Promotes Jeffrey Hoffman to Head of Health Care Investment Banking

Piper Jaffray Promotes Jeffrey Hoffman to Head of Health Care
Investment Banking 


SAN FRANCISCO, June 7  /PRNewswire-FirstCall/ -- Piper Jaffray & Co. is pleased
to announce that Jeff Hoffman has been named head of its Health Care Investment
Banking group, in which he will share joint responsibilities with Bob DeSutter,
head of Health Care Mergers and Acquisitions, in guiding the direction of the
firm's well-established health care franchise. He replaces Jon Salveson, who
was recently named head of Investment Banking for Piper Jaffray.

Hoffman, who is based in the firm's San Francisco office, is a six-year veteran
of Piper Jaffray, having joined the firm in 1998 after previous experience at
Montgomery Securities in San Francisco and Goldman Sachs in New York City. In
his time at Piper Jaffray, Hoffman has played an integral role in helping drive
the firm's health care practice into one of largest on the Street. In the last
five years, the firm's Health Care Investment Banking group has participated in
100 initial and secondary public offerings and has raised over $12 billion in
capital for clients. During the same period, the group was the advisor on 70
health care mergers and acquisitions valued at over $13 billion.

"We are pleased to promote Jeff to his new position," said Salveson. "He is a
proven and respected leader within the (Health Care Investment Banking) group
and I am certain that he, along with Bob DeSutter, will continue to grow our
leading health care practice."

"While Jon is a tough act to follow, I am excited to work with Bob to continue
to build upon Piper Jaffray's strong tradition as a foremost provider of
investment banking advice to health care companies," said Hoffman.

Headquartered in Minneapolis, Piper Jaffray & Co., a subsidiary of Piper
Jaffray Companies (NYSE:PJC), is a focused securities firm dedicated to
delivering superior financial advice, investment products and transaction
execution within selected sectors of the financial services marketplace. The
company operates through two primary revenue-generating segments - Capital
Markets and Private Client Services.  Investment Research, an independent group
reporting to the CEO, supports clients of both segments.  The firm serves
corporations, government and non-profit entities, and institutional investors
on a national basis and serves the financial advisory needs of private
individuals predominantly across the western half of the United States.  The
firm has approximately 3,000 employees in 111 offices in 23 states across the
country and in London, England. For more information about Piper Jaffray, visit
us online at http://www.piperjaffray.com/ .

Since 1895. Member SIPC and NYSE. 

DATASOURCE: Piper Jaffray & Co.



CONTACT:  Dana H. Wade, Public Affairs and Media Relations of Piper

Jaffray & Co., [phone]



Web site:  http://www.piperjaffray.com/ 

Copyright