Piper Jaffray Adds Restructuring Team to Serve Needs of Clients
February 23 2006 - 9:59AM
PR Newswire (US)
NEW YORK, Feb. 23 /PRNewswire-FirstCall/ -- As part of the firm's
focus on meeting the needs of its clients, Piper Jaffray & Co.
is pleased to announce that it has added a financial restructuring
team to its Corporate and Institutional Services division. The
six-member team will join the firm in New York and will provide
advisory services to financially stressed and distressed companies
and their creditor and shareholder constituents. "We are very
pleased to add the restructuring capability to our current set of
proprietary products and services that we offer our clients," said
Tom Schnettler, head of Corporate and Institutional Services at
Piper Jaffray. "This capability will allow us to deliver strategic
counsel and analysis to help our clients restructure and
recapitalize businesses for future profitability." Leading the
group at Piper Jaffray is managing director Joseph Radecki Jr.
Radecki most recently was the head of the Financial Restructuring
Group at CIBC World Markets Corp. in New York. He also has
extensive experience in restructuring through his previous work at
Jefferies, Inc. and Drexel Burnham Lambert. Also joining the firm
are Jonathan Brownstein and Michael Hsieh, principals, Ritwik
Chatterjee and Jason Solganick, vice presidents and Geoffrey
Zbikowski, analyst. All previously worked at CIBC World Markets
Corp. "We have successfully worked together as a team for many
years on numerous large and complex restructurings, such as Maxim
Crane, Geo Specialty Chemicals, Radio Unica Communications Corp.,
W.R. Grace & Co. and USG Corp.," said Radecki. "We are excited
about bringing our product and expertise to Piper Jaffray and feel
we will be a very complementary fit with its existing platform."
Piper Jaffray & Co. is the chief operating subsidiary of Piper
Jaffray Companies (NYSE:PJC), a focused securities firm dedicated
to delivering superior financial advice, investment products and
transaction execution within selected sectors of the financial
services marketplace. The company operates through two primary
revenue-generating segments: Capital Markets and Private Client
Services. Piper Jaffray & Co. has served corporations,
government and non-profit entities, institutional investors and the
financial advisory needs of private individuals since 1895. With
headquarters in Minneapolis, Piper Jaffray has approximately 2,900
employees in 107 offices in 23 states across the country and in
London. For more information about Piper Jaffray, visit us online
at http://www.piperjaffray.com/ . Since 1895. Member SIPC and NYSE.
First Call Analyst: FCMN Contact: DATASOURCE: Piper Jaffray &
Co. CONTACT: Susan Beatty, Media Relations of Piper Jaffray &
Co., +1-612-303-5680 Web site: http://www.piperjaffray.com/
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