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Firm Unveils New Flagship Office at 4800 Scottsdale Road

SCOTTSDALE, Ariz., Nov. 4 /PRNewswire-FirstCall/ -- Piper Jaffray & Co., who has been dedicated to serving the financial advisory needs of private individuals, corporations, government, non-profit entities and institutional investors since 1895, unveiled its new flagship office in Scottsdale last night. To celebrate the launch of the new office, the firm also announced its partnership with a Phoenix-area non-profit organization.

Piper Jaffray's new office is located at 4800 Scottsdale Road and houses nearly 50 employees from the firm's Private Client Services business. Piper Jaffray also has an office in Phoenix that serves fixed income clients and another Private Client Services office in Sun City. In total, the firm has over 80 employees in the greater Phoenix area.

"The Phoenix area is an exciting market and we are pleased to be reaffirming our commitment to the region by launching our new flagship office," said Paul Grangaard, head of Private Client Services for Piper Jaffray. "The new office houses a tremendous pool of resources including 37 financial advisors. We believe the new office will play an integral role in continuing our high level of excellence and client service in the Phoenix metropolitan area."

In addition, Piper Jaffray announced its partnership with HomeBase Youth Services in Phoenix that will include a financial grant as well as an employee volunteer commitment. HomeBase Youth Services is a non-profit organization that provides services to youth living on the streets of Arizona.

"We are thrilled to be forging a new philanthropic partnership with HomeBase Youth Services," said Mark Peterson, Scottsdale associate branch manager and regional community involvement chairperson at Piper Jaffray. "Piper Jaffray has a long history of giving back to the communities where its employees live and work. This new partnership enables employees to reach and give something back to this very important segment of our community."

HomeBase Youth Services

HomeBase Youth Services (HBYS) is a non-profit organization that provides services to youth living on the streets of Arizona. The mission of HBYS is teaching at-risk and homeless youth how to live healthy and independent lives. The cornerstone values are accountability, integrity, quality and respect. HBYS is the only full continuum of care and transitional living program in Arizona dedicated to serving 18 to 21-year old at-risk and homeless youth. For more information on HomeBase Youth Services, visit .

Piper Jaffray & Co.

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 since 1895. 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 .

Since 1895. Member SIPC and NYSE.

SOURCE Piper Jaffray & Co.

CONTACT: Beth McRae, Principal, The McRae Agency, 480-990-0282, ,
or Dana H. Wade, Media Relations, of Piper Jaffray & Co., 415 277-1556
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