FAMCO Strengthens Fixed Income Platform with the Addition of Ben Armstrong as Senior Vice President, Fixed Income Portfolio Mana
April 21 2008 - 8:00AM
Business Wire
Piper Jaffray today announced Ben Armstrong has joined Fiduciary
Asset Management, LLC (FAMCO) as senior vice president, fixed
income portfolio manager. In his new role, Armstrong will be
responsible for managing fixed income portfolios and growing the
fixed income platform for FAMCO. He will also help to build
additional corporate cash management capabilities for FAMCO and
Piper Jaffray clients. With more than 20 years of investment
management experience, Armstrong joins Piper Jaffray from William
Blair & Company, LLC, where he managed mutual funds and
institutional fixed income portfolios. He previously held positions
at Lehman Brothers, Inc. and Continental Bank where he also worked
with fixed income products and institutional investors. �Ben�s
strong experience in portfolio construction, strategy and risk
management will strengthen our fixed income team and allow us to
continue providing diversified, actively-managed portfolios for our
clients,� said Wiley Angell, executive managing director of FAMCO.
Armstrong is a CFA charter holder. He earned a bachelor�s degree in
economics from Grinnell College and a Master of Business
Administration degree from the Kellogg School of Management at
Northwestern University. He will report to Angell and work out of
the FAMCO St. Louis office. FAMCO, a wholly owned subsidiary of
Piper Jaffray Companies, offers an array of traditional and
alternative strategies for institutional investors, as well as
private wealth clients. 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, Hong Kong and
Shanghai. Piper Jaffray & Co. is the firm's principal operating
subsidiary. (NYSE: PJC) (www.piperjaffray.com) Since 1895. Member
SIPC and FINRA. (C) 2008 Piper Jaffray & Co., 800 Nicollet
Mall, Suite 800, Minneapolis, Minnesota 55402-7020
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