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KANSAS CITY, Mo., Jan. 18 /PRNewswire-FirstCall/ -- Piper Jaffray & Co. announces that Dustin Avey has joined the firm as vice president in investment banking for Public Finance Services. Avey will service public finance issuers in the Midwest working out of the firm's Kansas City office.

"Dustin's experience working with local governments and school districts will be a great addition to our team as we grow our business in Kansas and Missouri," said Frank Fairman, head of Public Finance Services at Piper Jaffray. "Dustin brings substantial expertise in structuring and refinancing bond issues and will offer our clients a broad knowledge of tax incremental district financing and economic development."

Prior to joining Piper Jaffray, Dustin was a public finance banker at Hutchinson Shockey in Milwaukee where he worked on local government and school district financings and assisted in creating, implementing and financing tax increment district project plans. He also previously worked as an analyst at Strong Capital Management.

Avey received his bachelor's degree in finance from Iowa State 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: Media Relations, Rob Litt of Piper Jaffray,