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MINNEAPOLIS, June 7, 2005 /PRNewswire via COMTEX/ -- Piper Jaffray & Co. is pleased to announce that David Wilson has been named CEO of Piper Jaffray Limited, the firm's European unit. David will have ultimate responsibility for all of our European institutional sales, trading and investment banking operations. David joined the firm in 2001 as head of European Investment Banking.

"We are excited to have David leading Piper Jaffray Limited," said Thomas Schnettler, head of Equities and Investment Banking at Piper Jaffray. "With David's proven leadership and extensive background in this industry, we are confident in his abilities to successfully serve our clients and build our European operations."

"This is an exciting time for the company, and I look forward to the opportunity to build client relationships and to oversee the growth of Piper Jaffray Limited," said David Wilson CEO of Piper Jaffray Limited.

Prior to joining Piper Jaffray, Wilson served as joint head of the UK Investment Banking Group at ING Barings. He has spent more than 15 years in the corporate finance area, founding the Small Company Investment Banking Team at BTAB/Deutsche Bank and working as head of Smaller Company Corporate Broking at UBS Warburg, which was ranked at the top in the Reuters and Extel surveys in the City of London. He also spent four years as an equity analyst at Lehman Brothers and Lombard Odier. David is a graduate of Cambridge University.

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 has served corporations, government and nonprofit entities, institutional investors and the financial advisory needs of private individuals since 1895. With headquarters 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.

Susan Beatty, Media Relations of Piper Jaffray & Co., +1-612-303-5680