William Fitzgerald Elected to Piper Jaffray Companies Board of Directors

Piper Jaffray (NYSE: PJC), a leading investment bank and asset management firm, announced that William Fitzgerald joined its board of directors, effective immediately.

Fitzgerald is currently the chairman and chief executive officer of Ascent Capital Group, Inc., a NASDAQ-listed publicly traded holding company whose business operations are conducted through its wholly owned subsidiary, Monitronics, Inc., which is one of the largest residential security alarm monitoring companies in the United States.

“Bill’s experience as a CEO of a sector-leading, publicly traded company, and the broad strategic and operating experience he has from his 30 years in the media and telecommunications industries will be of significant benefit to our Board and shareholders. We are very pleased to have Bill as a director,” said Piper Jaffray Companies chairman and CEO, Andrew Duff.

Fitzgerald has been the chairman and chief executive officer of Ascent (formerly known as Ascent Media Group) since 2000. He previously served as senior vice president of Liberty Media Corporation from July 2000 to December 2012. Before that, he served as executive vice president and chief operating officer for AT&T Broadband (formerly known as Tele-Communications, Inc.) from 1998 to 2000, and as executive vice president, corporate development of TCI Communications, Inc., a wholly owned subsidiary of Tele-Communications, from 1996 to 1998. Mr. Fitzgerald was previously an investment banking partner at Daniels & Associates (now RBC Capital Markets), and he began his career at The First National Bank of Chicago as a commercial banker. Fitzgerald has previously served on the board of directors for Expedia, Inc., TripAdvisor, Inc. and Cablevision Systems Corporation.

Fitzgerald received a bachelor’s degree from Indiana University Kelley School of Business and a master's degree in finance and marketing from the Kellogg School of Business at Northwestern University.

About Piper Jaffray

Piper Jaffray is a leading investment bank and asset management firm serving clients in the U.S. and internationally. Our proven advisory teams combine deep industry, product and sector expertise with ready access to capital. Founded in 1895, the firm is headquartered in Minneapolis and has offices across the United States and in London and Zurich. www.piperjaffray.com

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