Piper Jaffray Continues to Grow Its Fixed Income Expertise with Addition of Structured Mortgage Products Group
September 26 2008 - 11:53AM
Business Wire
Piper Jaffray & Co. continues to grow its fixed income
expertise with the addition of an industry-leading team of five
sales and trading professionals that form its structured mortgage
products group. The team will focus its efforts on specific areas
of the asset back and mortgage markets. �There are great
opportunities in the distressed market that a highly skilled team
can leverage, and this is a market we will now serve with an
industry-leading and experienced team,� said Ben May, head of fixed
income services at Piper Jaffray. Under the leadership of Cliff
Corrall as managing director, the team will operate out of a newly
opened office in Marina Del Ray, Calif. Prior to joining Piper
Jaffray, Corrall was executive vice president at Countrywide
Securities where he led one of the industries� top performing teams
since 2001. Prior to Countrywide, Corrall was senior vice president
at Chase Securities. �Piper Jaffray has a strong fixed income
platform and a reputation for superior client service that will
benefit our clients and enhance the expertise we provide them,�
said Corrall. In addition to Corrall, the following professionals
also join the structured mortgage products group: James Griffin as
a senior ABS/MBS trader; Brian Stack as a senior ABS/MBS
structuring expert; and James Tennille as a senior top performing
salesperson. They join Piper Jaffray as managing directors and
previously worked at Countrywide Securities, as did Lisa Yawger who
joins the firm as registered sales assistant. Combined, they bring
more than 70 years of sales and trading expertise in the ABS/MBS
marketplace. This team will work closely with Luke Jackson who as
part of the fixed income analytics team is building an analytical
platform to help clients identify opportunities in the structured
products area. Jackson joined the firm a few months ago, and was
previously a senior analyst and trader at GMAC ResCap where he
worked on the non-prime trading desk and helped manage risk in the
retained credit residual portfolio. 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. With headquarters in Minneapolis, Piper
Jaffray has 28 offices across the United States and international
locations in London, Hong Kong, and Shanghai. Piper Jaffray &
Co. is the firm's principal operating subsidiary.
(http://www.piperjaffray.com) Since 1895. Member SIPC and FINRA. �
2008 Piper Jaffray & Co., 800 Nicollet Mall, Suite 800,
Minneapolis, Minnesota 55402-7020
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