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CHICAGO, May 2 /PRNewswire-FirstCall/ -- Piper Jaffray & Co. is pleased to announce that John Harris has joined the firm as a managing director and investment banker in the firm's investment banking financial institutions group. He will be based in the Piper Jaffray Chicago office.

"We are delighted to have John join our financial services investment banking team," said Bob Rinek, head of the Financial Institutions Investment Banking Group at Piper Jaffray. "John has an extensive amount of experience in the financial institutions investment banking industry and we look forward to having his knowledge and abilities at Piper Jaffray. He will be a great asset to our firm."

Harris has more than 20 years of experience in investment banking. Prior to joining Piper Jaffray, Harris was a banker at William Blair & Company in Chicago and The Chicago Corporation/ABN AMRO. Harris focused primarily on activities with financial services companies, with particular emphasis on merger and acquisitions advisory and capital raising assignments in the banking industry. He received his bachelor's of science degree from the U.S. Naval Academy and served as a submarine officer following graduation. Harris also received his master's of business administration degree from the University of Chicago Graduate School of Business.

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. 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 104 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: Susan Beatty, Media Relations of Piper Jaffray & Co.,
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