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CHICAGO, July 15 /PRNewswire-FirstCall/ -- Piper Jaffray & Co. is pleased to announce the hire of Harvey Zabinsky as Director of Fixed Income Strategy in Investment Research. Zabinsky will lead the firm's efforts to ensure that fixed income products are effectively aligned with strategy recommendations and guidance. He will be located in Piper Jaffray's Chicago office.

Zabinsky joins the firm with more than 20 years of experience both within the industry and in education. Most recently, he worked at Banc One where he served for more than 10 years as managing director and head of its Fixed Income Strategy Group. At Banc One, Zabinsky managed a group of 10 portfolio and market analysts, performing quantitative analysis of customer portfolios. For the past eight years, he has also been a professor of finance at Illinois Institute of Technology at the Stuart School of Business. Zabinsky began his teaching career at the University of Kentucky in Lexington and at Loyola University of Chicago, where he taught International trade and finance and monetary economics.

"We are thrilled to have Harvey join our firm and lead our Fixed Income Strategy efforts," said Joel Denney, head of Fixed Income Research. "Harvey brings extensive experience and knowledge to our team and we look forward to his leadership in helping us expand our portfolio advisory services for our clients."

Zabinsky holds a bachelor of science degree in economics from the City College of New York and a Ph.D. in economics from the University of Rochester.

"I look forward to taking on this leadership role in Fixed Income Strategy at Piper Jaffray," said Zabinsky. "This company has a tremendous opportunity to expand its portfolio advisory services and corporate cash management business for its clients and I am excited to join the firm and manage those initiatives."

Piper Jaffray & Co. is the chief operating subsidiary of Piper Jaffray Companies (NYSE: PJC), 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. Piper Jaffray & Co. has served corporations, government and non-profit entities, institutional investors and the financial advisory needs of private individuals for more than 108 years. Headquartered in Minneapolis, Piper Jaffray has approximately 3,000 employees in 111 offices in 23 states across the country and in London. For more information about Piper Jaffray, visit us online at .

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CONTACT: Susan Beatty, Public Affairs and Media Relations of Piper Jaffray, +1-612-303-5680
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