Piper Jaffray Companies (NYSE:PJC)
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Piper Jaffray significantly strengthened its municipal finance banking
business with the addition of a team of former UBS bankers in
California. This team was responsible for UBS’s
industry-leading K-14 and land secured business in California in
addition to financing general infrastructure throughout the Western
United States. They were the No. 1 underwriter in education financings
in California over the past five years(a) and will significantly add to
the Piper Jaffray state and local government financing business in the
state.
Under the leadership of managing directors Mark Adler and Timothy Carty
in Los Angeles, along with Mark Curran, Piper Jaffray managing director
of public finance investment banking in San Francisco, the team will
work out of the firm’s offices in Los Angeles
and San Francisco as well as looking to open an additional office in
Orange County.
“This team of experienced bankers meaningfully
strengthens our public finance platform as we continue to build our
municipal business, and their addition solidifies Piper Jaffray as the
leader in California education and land secured financings,”
said Frank Fairman, head of public finance services at Piper Jaffray.
Adler joins Piper Jaffray from UBS where he was managing director of the
firm’s Western region municipal finance
operation. Carty also joins Piper Jaffray from UBS, where he led the firm’s
California market-leading education practice.
“Piper Jaffray has a strong municipal
platform, great people and a focus on growth,”
said Adler. “Our team made the move to Piper
Jaffray because of its market leadership, access to executive management
and the opportunity to play a significant role in the firm’s
success.”
The team joining Piper Jaffray also includes managing directors Jim Roth
and Jeff Baratta, who will operate out of the firm’s
San Francisco office and bring market leadership in the K-14 arena to
the firm. In addition, the full team includes following bankers from UBS’
West Coast banking group: Eric Choudhury, Jin Kim, Katie Koster, Ivory
Li and Jim Roth.
“The UBS bankers are a great addition to the
Piper Jaffray California team. Over the last decade they have
consistently been a top-tier public finance group in California. This
new public finance team will both complement our existing efforts and
markedly expand our platform throughout the state,”
Curran said.
(a) Source: Thomson Financial
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 (NYSE: PJC) (www.piperjaffray.com)
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.
© 2008 Piper Jaffray & Co., Since 1895.
Member SIPC and NYSE. 800 Nicollet Mall, Suite 800, Minneapolis,
Minnesota 55402-7020