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MINNEAPOLIS--(BUSINESS WIRE)--Jun. 9, 2015-- Piper Jaffray Companies (NYSE: PJC) today announced a major expansion of its investment banking team with the addition of a financial institutions group (FIG) dedicated to depository, diversified financials, financial technology and insurance clients. The firm also added FIG capital markets coverage. This announcement follows Piper Jaffray’s recent FIG additions in equity research and sales & trading.

“The FIG senior banking and capital markets team is in place and we are now a formidable force in the financial institutions arena,” said Andrew Duff, Piper Jaffray Companies chairman and chief executive officer. “We’ve enlisted the highest-caliber talent across our core businesses and look forward to leveraging this full-service expertise for our clients.”

Bob Hutchinson will lead the financial institutions investment banking team, which includes managing directors Michael Barry, Pete Majar and Jim Murray. Daryle DiLascia will oversee FIG capital markets. The bankers were most recently employed at Sterne Agee. DiLascia, Barry, Majar and Murray will be located in New York, with Hutchinson based in the firm’s Boston office.

“We are excited to expand our investment banking group with this veteran team. With financial institutions being an important economic sector, it is a core focus for the firm as we continue to explore ways of better serving our clients,” said Chad Abraham, global co-head of Piper Jaffray investment banking and capital markets.

“It is a privilege to lead the financial institutions banking efforts for an industry leader like Piper Jaffray at a time when it is broadening its sector expertise across multiple platforms,” said Bob Hutchinson, head of financial institutions investment banking.

“Piper Jaffray has longstanding leadership in capital markets across several key industries,” added Daryle DiLascia, head of FIG capital markets. “Our intention is to leverage this success to create more wins for clients and the firm.”

About Piper Jaffray
Piper Jaffray Companies (NYSE: PJC) is an investment bank and asset management firm headquartered in Minneapolis with offices across the U.S. and in London, Hong Kong* and Zurich. Securities brokerage and investment banking services are offered in the United States through Piper Jaffray & Co., member NYSE and SIPC, and in Europe through Piper Jaffray Ltd., authorized and regulated by the Financial Conduct Authority. Asset management products and services are offered through three separate investment advisory affiliates registered with the U.S. Securities and Exchange Commission: Advisory Research Inc., Piper Jaffray Investment Management LLC and PJC Capital Partners LLC.

* License pending

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Pamela Steensland, 612-303-8185