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PARK MEADOWS, COLO. –January 22, 2004 –Scott Ansel, vice president of investments at Piper Jaffray & Co., has been named the chair of the Denver Regional Community Involvement Council (RCIC) covering the states of Colorado, Utah and Wyoming. In addition, he has been named to the firm's Corporate Community Involvement Council (CCIC). The CCIC, a group of Piper Jaffray employees from across the firm's business lines and geographic markets within the organization, will provide direction for grantmaking, sponsorship and volunteer efforts. Ansel was chosen as the chair of the RCIC because of his commitment to community involvement and leadership within the firm. The RCIC will make decisions regarding grantmaking in the firm's local, Denver region communities.

“We are pleased to have Scott as the chair of our Denver Regional Community Involvement Council,” said Andrew Duff, chairman and chief executive officer at Piper Jaffray. “Scott's commitment to the Denver area community makes him the perfect candidate to represent our firm in this important effort to build stronger communities by focusing our talents and resources in community redevelopment, arts and culture and education.”

Ansel has been active with the Colorado Community Church, The Denver Children's Home and Open Fairways. He has been at Piper Jaffray for over 10 years. Ansel has a bachelor's degree in finance from the University of Colorado.

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Susan Beatty Public Affairs and Media Relations Piper Jaffray Tel: 612 303-5680