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NEW YORK, July 2 /PRNewswire-FirstCall/ -- Piper Jaffray & Co. is pleased to announce that Roderick O'Neill has joined the firm as a managing director in its Health Care Investment Banking group, focusing specifically on the health care services sector. O'Neill, who will be based in New York, has 11 years of investment banking experience within the services sector and comes to Piper Jaffray from UBS, where he was an executive director. He was with Salomon Smith Barney for six years prior to that. O'Neill has a bachelor of arts degree from Duke University, Durham, N.C.

"With his deep relationships within the health care services sector, Rod will be a tremendous asset to the firm," said Jeffrey Hoffman, head of Health Care Investment Banking at Piper Jaffray. "We look forward to him working with Dan Gulbrandson in driving our health care services investment banking practice as we continue in our current position as a leading growth company investment bank in the industry."

"I am pleased to have the opportunity to work at Piper Jaffray with some of the most talented and respected bankers in the health care industry," said O'Neill. "I look forward to helping build upon the firm's strong tradition as a foremost provider of investment banking services to health care companies."

In the last five years, the firm's Health Care Investment Banking Group has participated in 100 initial and secondary public offerings and has raised over $12 billion in capital for clients. During the same period, the group was the advisor on 70 health care mergers and acquisitions valued at over $13 billion.

Headquartered in Minneapolis, Piper Jaffray & Co., a subsidiary of Piper Jaffray Companies (NYSE: PJC), 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. Investment Research, an independent group reporting to the CEO, supports clients of both segments. The firm serves corporations, government and non-profit entities, and institutional investors on a national basis and serves the financial advisory needs of private individuals predominantly across the western half of the United States. The firm has approximately 3,000 employees in 111 offices in 23 states across the country and in London, England. For more information about Piper Jaffray, visit us online at .

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SOURCE Piper Jaffray & Co.

CONTACT: Dana H. Wade, Public Affairs and Media Relations of Piper Jaffray & Co., +1-415-277-1556

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