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LONDON, Nov. 21 /PRNewswire/ -- Piper Jaffray Ltd., the United Kingdom subsidiary of Piper Jaffray Companies (PJC), has expanded its investment banking capabilities in the UK with the addition of three technology investment bankers. The new dedicated technology professionals will extend the firm's investment banking platform into the technology sector.

"Building on our successful health care platform, we are thrilled to add investment banking capabilities dedicated to the technology sector," said David Wilson, chief executive officer of Piper Jaffray Ltd. "These three individuals will be a tremendous asset to servicing the needs of our clients as we continue our expansion into new sectors in London in which we also have industry expertise in the United States."

Xavier Moreels joins the firm as a managing director and European head of the Technology Investment Banking team. Prior to joining Piper Jaffray, Moreels worked more than 10 years for the ING Corporate Finance division, where he was most recently the global head of Technology Corporate Finance based in London. He has more than 13 years of experience working with European and Asian technology companies on mergers and acquisitions and other equity capital markets financings.

Moreels has an undergraduate degree and a master's degree in engineering from Brussels University in Belgium. In addition, Moreels has a master's of business administration degree from Leuven Ghent Vlerick Management School and holds the Certified European Federation Financial Analysts (EFFAS) Financial Analyst designation.

Nigel Daly, principal, joins the firm from ING Corporate Finance, where he was a director. Daly has more than 15 years of European mergers and acquisitions and capital markets experience in the technology and other sectors. He has a law degree from Oxford University and is qualified as a lawyer.

Peter Del Favero, vice president, also joins the firm from ING Corporate Finance in London, where he was most recently part of the technology corporate finance team. Del Favero has a master's degree in engineering, economics and management from Hertford College at Oxford University.

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, Madrid and Shanghai. The firm's UK operating subsidiary, Piper Jaffray Ltd., is authorized and regulated by the Financial Services Authority and is a member of the London Stock Exchange. Piper Jaffray & Co. is the firm's principal operating subsidiary. (NYSE: PJC) ( )

Since 1895. Member SIPC and NYSE.

SOURCE Piper Jaffray

CONTACT: Susan Beatty, Public Relations and Communications, of Piper Jaffray,

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