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BOULDER, Colo., Jan 04, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Piper Jaffray & Co. today announced the addition of Kathleen Leonard to its Philanthropic and Social Investment (PSI) Consulting team. Leonard will add more than 22 years of experience working with clients in matching their personal values with their financial goals for the PSI team in the Boulder office of Piper Jaffray.

Leonard brings one of the industry's most impressive resumes in socially responsible investing (SRI) to Piper Jaffray. Prior to joining the PSI Consulting team, Leonard served as president of the Center for Responsible Investing, a resource she created to help individuals and institutions incorporate their social and financial goals.

"Individuals and institutions desire to make a difference with their money, and Kathy has a proven track record of working with clients in aligning personal and institutional values to provide enhanced returns," said Bob Peterson, head of Private Client Service at Piper Jaffray. "PSI Consulting at Piper Jaffray is the leading team in the country specializing in SRI, and the addition of Kathy deepens the expertise and concentration provided for clients."

Leonard, who has been a member of the Social Investment Forum for more than 20 years, is a founding member of the Environmental Council at the Boulder Chamber of Commerce. She is also a founding member of the Colorado Chapter of Business for Social Responsibility and the chair of the conference for the Social Investment Forum.

"Kathy aligns perfectly with the Piper Jaffray mission of contributing her talents and resources to serving the community as she truly makes Boulder a better place," said Rick Witherspoon, Piper Jaffray Boulder branch manager. "Boulder has long been an area with a tradition of values-based investing and a region of high environmental consciousness, and Kathy's leadership will enhance our service to our clients."

Based in San Francisco, PSI Consulting at Piper Jaffray promotes socially responsible investment strategies that connect financial markets with healthy environments, sustainable communities and humane and diverse workplaces.

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. 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.

Rob Litt of Piper Jaffray & Co., +1-612-303-8266,