NEW YORK--(BUSINESS WIRE)--Mar. 23, 2009--
Piper Jaffray & Co. strengthened its U.S. investment banking team with
the addition of Erik Carneal as managing director within the firm’s
business services group. Carneal, who brings almost 10 years of
experience, will work out of the firm's New York office.
Carneal joins Piper Jaffray from Bank of America where he was a managing
director, responsible for new business development and transaction
execution for all forms of strategic advisory and debt and equity
capital raising. He previously served as the director of education at
Sylvan Learning Systems, and was a teacher at The Potomac School in
"We are very pleased to welcome Erik Carneal to Piper Jaffray. He brings
a blend of investment banking experience combined with a background in
education giving him a unique perspective into the advisory and capital
raising needs of education clients,” said Murray Huneke, co-head of
investment banking at Piper Jaffray. "We have a strong history and
commitment to education and business services, and Erik’s addition
broadens and deepens our expertise.”
"Business services and education companies are seeing increased demand
for their services, and Piper Jaffray offers a global platform for these
growth companies to best capitalize themselves in an otherwise
challenging fundraising environment,” Carneal said.
Carneal earned a bachelor’s degree in psychology from Princeton
University, a master of education degree from Harvard University and a
master of business administration from the J.L. Kellogg Graduate School
of Management at Northwestern University.
About Piper Jaffray
Piper Jaffray Companies (NYSE: PJC) 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. Piper Jaffray headquarters
are located in Minneapolis, Minnesota, with offices across the U.S. and
in London, Hong Kong and Shanghai. Piper Jaffray & Co. is the firm's
principal operating subsidiary. (www.piperjaffray.com)
Since 1895. Member SIPC and FINRA.
© 2009 Piper Jaffray & Co., 800 Nicollet Mall, Suite 800, Minneapolis,
Source: Piper Jaffray & Co.
Piper Jaffray & Co.
Rob Litt, 612-303-8266