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MINNEAPOLIS, Sept. 6 /PRNewswire-FirstCall/ -- Piper Jaffray & Co. is pleased to announce that it has expanded its Health Care Investment Banking Group with the addition of three investment bankers. The new hires will further expand the firm's medical technology business as well as launch a new focus area in life science tools and diagnostics.

"We are excited to continue to add depth and breadth to our health care investment banking group," said Jon Salveson, head of Investment Banking at Piper Jaffray. "These talented bankers bring several years of experience and expertise to our team, which will further our leading health care investment banking franchise."

Richard Innenberg, managing director, will focus on medical technology in San Francisco. Innenberg joins the firm from Lazard, in San Francisco, where he most recently was a director in the health care investment banking group. Innenberg has a master's degree from The University of Chicago in finance and a bachelor's degree in accounting from California State University in San Bernardino, Calif.

Vitali Trotsko, principal, will focus on life science tools and diagnostics in New York. Trotsko spent the past six years with the health care group at UBS. Trotsko graduated from Kharkov University in Kharkov, Ukraine, with a master's degree in economics, and he earned his bachelor's degree in economics from Middlebury College in Middlebury, Vt.

Aamer Naseer, vice president, will focus on medical technology in Minneapolis. Naseer previously worked at Lehman Brothers in the health care M&A group, where he focused on medical devices in New York. Naseer has a master's degree from The Wharton School of the University of Pennsylvania and a bachelor's degree from the Institute of Business Administration at the University of Karachi in Karachi, Pakistan.

Piper Jaffray Companies (NYSE: PJC) is a leading middle-market investment bank and institutional securities firm, serving the needs of clients since 1895. Piper Jaffray & Co., the firm's principal operating subsidiary, provides a comprehensive set of products and services, including equity and public finance underwriting; mergers and acquisitions; equity and debt capital markets; high-yield and structured products; institutional equity, tax-exempt and taxable sales and trading; and equity and high-yield research. The firm's equity business is focused on seven sectors of the economy: alternative energy, business services, consumer, financial institutions, health care, industrial growth and technology. The firm's public finance business is principally focused on five sectors of the tax-exempt market: state and local governments, real estate and housing, health care, education and hospitality. With headquarters in Minneapolis, Piper Jaffray has approximately 1,000 employees in 25 states across the United States and in London. For more information about Piper Jaffray, visit us online at .

Since 1895. Member SIPC and NYSE.

SOURCE  Piper Jaffray Companies
    -0-                             09/06/2006
    /CONTACT:  Susan Beatty, Media Relations, Piper Jaffray, +1-612-303-5680/
    /Web site: /

CO:  Piper Jaffray Companies; Piper Jaffray & Co.
ST:  Minnesota

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