David Olson, chairman and CEO of River Branch Holdings, LLC (Photo: Business Wire)
“We are pleased to welcome this industry veteran team to our firm. River
Branch Holdings, with its partnership-centric culture, middle-market
advisory capabilities and senior talent, will be an instrumental
component of our plan to compete aggressively in the financial services
sector,” said Andrew
Duff, chairman and CEO of Piper Jaffray.
River Branch Holdings is led by David Olson and Steven Kent. Olson will
serve as co-head of Piper Jaffray financial institutions investment
banking, alongside Bob
Hutchinson. Kent will serve as a vice chairman of investment banking.
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David Olson is the chairman and CEO of River Branch Holdings. He was
the chair of the Credit Suisse Asia-Pacific investment banking
division and Chairman and CEO of DLJ Asia-Pacific. While at DLJ, he
was a group head of global FIG and the Midwest investment banking
region.
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Steven Kent is the president of River Branch Holdings and a member of
its board of directors and investment committee. He joined River
Branch Holdings from Keefe, Bruyette & Woods, Inc. where he was a
managing director and head of the Chicago office. Prior to KBW, he was
a managing director and head of the financial institutions group at
Robert W. Baird & Co.
Commenting on the transaction, Chad
Abraham, global co-head of Piper Jaffray investment banking and
capital markets said, “Joining forces with River Branch positions us to
grow more quickly by expanding our breadth and depth in the sector with
a team that complements our recent hires. David Olson and Steve Kent
will help add to the senior leadership of our FIG practice and bring
very deep client relationships.”
“We are excited about what this combination achieves for our clients and
our employees,” said David Olson, chairman and CEO of River Branch
Holdings. “Piper Jaffray is a firm that shares our partnership-driven
culture, and its capital markets capabilities will bolster our advisory
product offerings. In addition, their commitment to the middle market
and their sustained investment in the FIG space are highly attractive to
us.”
The transaction is subject to regulatory approval and customary closing
conditions and expected to close in the third quarter of 2015. Terms of
the transaction are undisclosed.
About River Branch Holdings, LLC
Based in Chicago, River
Branch Holdings, LLC is an international investment banking boutique
focused on a range of financial services clients including commercial
banks and thrifts, financial technology, specialty finance and
broker/dealers. The firm provides merger and acquisition advisory,
corporate finance advisory, recapitalization, restructuring and private
placement services to middle-market clients and private equity firms.
About Piper Jaffray
Piper Jaffray Companies (NYSE: PJC) is
an investment bank and asset management firm headquartered in
Minneapolis with offices across the U.S. and in London, Hong Kong* and
Zurich. Securities brokerage and investment banking services are offered
in the United States through Piper Jaffray & Co., member NYSE and SIPC,
and in Europe through Piper Jaffray Ltd., authorized and regulated by
the Financial Conduct Authority. Asset management products and services
are offered through three separate investment advisory affiliates
registered with the U.S. Securities and Exchange Commission: Advisory
Research Inc., Piper Jaffray Investment Management LLC and PJC Capital
Partners LLC.
* License pending
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Minneapolis, Minnesota 55402-7036
View source version on businesswire.com: http://www.businesswire.com/news/home/20150713005197/en/
Source: Piper Jaffray Companies
Piper Jaffray Companies
Pamela Steensland, 612 303-8185
pamela.k.steensland@pjc.com
