MINNEAPOLIS and LONDON, July 13 /PRNewswire-FirstCall/ -- Piper Jaffray Companies (PJC) announced today the strengthening of its global healthcare franchise through the expansion of its UK subsidiary Piper Jaffray Ltd. As part of this expansion, Piper Jaffray Ltd. has recently hired 14 healthcare specialists, further committing to a strong presence in the United Kingdom and advancing its healthcare platform.
“We are very pleased to expand our premier global healthcare platform with the addition of this team of professionals in the United Kingdom,” said Andrew Duff, chairman and chief executive officer of Piper Jaffray Companies. “This move reinforces Piper Jaffray’s commitment to be the leading growth company investment bank.”
The new Piper Jaffray Ltd. healthcare team members, who were previously with Nomura and eTrade, include four investment bankers, two research analysts and eight sales and trading professionals. Piper Jaffray has consistently been one of the leading healthcare franchises in the United States, having completed 50 financing transactions raising more than $5.7 billion and 18 M&A deals with an aggregate transaction value of $3.5 billion since January 2004.
“We believe we are now exceptionally well positioned not only to provide healthcare companies in Europe with the best available investment banking skills and access to the UK markets, but also to combine this with access to the all-important U.S. capital and transatlantic M&A markets,” said David Wilson, who earlier this year was named chief executive officer of Piper Jaffray Ltd.
Piper Jaffray Ltd. also announced that David Phillips has been appointed managing director, head of U.S. Equity Sales. Phillips has 20 years of experience in London after working at Raymond James, CIBC, Merrill Lynch and Credit Suisse First Boston. This leadership position will strengthen the firm’s U.S. Equity Sales efforts, which has been part of the London office for more than 15 years.
Piper Jaffray Companies 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. Through its chief operating subsidiary, Piper Jaffray & Co., the firm has served corporations, government and non- profit entities, institutional investors and the financial advisory needs of private individuals since 1895. Headquartered in Minneapolis, Piper Jaffray has approximately 3,000 employees in 104 offices in 23 states across the country and in London. For more information about Piper Jaffray, visit us online at http://www.piperjaffray.com .
Since 1895. Piper Jaffray & Co. is a member SIPC and NYSE. Securities products and services are offered in the United States through Piper Jaffray & Co. and in the United Kingdom through its affiliated company Piper Jaffray Ltd., which is authorized and regulated by the Financial Services Authority.
Piper Jaffray Companies
CONTACT: Susan Beatty, Media Relations of Piper Jaffray & Co.,+1-612-303-5680, or David Bick of Holborn, +44-(0)-207-929-5599
Web site: http://www.piperjaffray.com/