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MINNEAPOLIS and MADRID, Spain, Sept. 19 /PRNewswire-FirstCall/ -- Piper Jaffray Companies announced today the strengthening of its global presence with the opening of an office in Madrid, Spain. This office is a branch of its UK subsidiary Piper Jaffray Ltd. The Madrid office will provide clients institutional sales and sales and research services for equity and fixed-income products.

"One of our major initiatives in building a leading middle market investment bank is expanding geographically to areas where our clients seek to raise and invest capital, and the opening of our Madrid office advances this objective," said Andrew Duff, chairman and chief executive officer of Piper Jaffray Companies. "We have an experienced and resourceful team in place that has been successfully advising investing clients in this region for years. We look forward to sharing their added knowledge and capabilities with our international clients as we grow our firm."

The office will focus on Southern Europe and will be led by Guillermo Menendez and Carlos Macias. The two founded Vetusta Group, a European financial services company and previously worked to develop the Legg Mason Capital Markets branch in Spain.

About Piper Jaffray

Piper Jaffray Companies is a leading, international middle-market investment bank and institutional securities firm, serving the needs of middle-market corporations, private equity groups, public entities, nonprofit clients and institutional investors. Founded in 1895, Piper Jaffray provides a comprehensive set of products and services, including equity and debt capital markets products; public finance services; mergers and acquisitions advisory services; high-yield and structured products; institutional equity and fixed- income sales and trading; and equity and high-yield research. With headquarters in Minneapolis, Piper Jaffray has 25 offices across the United States and international locations in London and Madrid. Piper Jaffray & Co. is the firm's principal operating subsidiary. The firm's UK operating subsidiary, Piper Jaffray Ltd., is authorized and regulated by the Financial Services Authority for the conduct of UK business and is a member of the London Stock Exchange. (NYSE: PJC) ( )

Since 1895. Member SIPC and NYSE.

SOURCE Piper Jaffray Companies

Media Relations
Rob Litt of Piper Jaffray

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