Piper Jaffray Expands Its High Yield and Structured Products Group
April 27 2006 - 10:43AM
PR Newswire (US)
MINNEAPOLIS, April 27 /PRNewswire-FirstCall/ -- Piper Jaffray &
Co. is pleased to announce new additions to its High Yield and
Structured Products Group. The firm has hired Jeff Stewart as
senior research analyst in high yield covering consumer products
and retail and Robert Haley as a senior high yield trader. Stewart
and Haley will be working out of the firm's Minneapolis
headquarters and will eventually be based in a future office
location in Charlotte, N.C. "We are thrilled to have Jeff and
Robert join our High Yield and Structured Products Group at Piper
Jaffray," said Ben May, head of the High Yield and Structured
Products Group at Piper Jaffray, who was hired late last year to
lead the group. "Jeff has deep knowledge and experience in high
yield consumer products and retail and will provide clear, in-depth
analysis for our clients in this sector. Robert comes to Piper
Jaffray with more than 15 years of experience in both high yield
securities and leveraged loans. We look forward to their
contributions in serving clients in this unique financing arena."
Stewart joins Piper Jaffray from Wachovia Securities, where he was
a research analyst covering retail, specialty retail, apparel and
consumer products in the firm's high yield group in Charlotte. He
has a bachelor's degree in business and finance from the University
of North Carolina at Chapel Hill. Stewart will report to Joel
Denney, head of Investment Research at Piper Jaffray. "Jeff will
bring additional expertise to our clients by providing high yield
analysis based on several years of experience covering consumer
products and retail," said Denney. "We are excited to have Jeff as
part of our Investment Research team, where our goal is to provide
differentiated and proprietary research for our clients." Haley
joins the firm from Wachovia Securities, where he most recently was
a senior trader in the firm's high yield group in Charlotte. He has
a bachelor's degree from Washington and Lee University in
Lexington, Va. Haley will report to Rich Barry, head of trading in
the High Yield and Structured Products Group at Piper Jaffray.
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 currently operates through two
primary revenue-generating segments: Capital Markets and Private
Client Services. The sale of the company's Private Client Services
branch network, announced April 11, 2006, currently is pending. The
company's Capital Markets business generates revenue through two
groups, Corporate and Institutional Services and Public Finance
Services. Through its chief operating subsidiary, Piper Jaffray
& Co., the firm has served corporations, government and
nonprofit entities, institutional investors and the financial
advisory needs of private individuals since 1985. Piper Jaffray
headquarters in Minneapolis and has approximately 2,800 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.
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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