Piper Jaffray Hires M. Ian Somaiya as Senior Research Biotechnology Analyst
October 05 2009 - 7:31AM
Business Wire
Piper Jaffray announces the hiring of M. Ian Somaiya as senior
research analyst covering biotechnology companies. Somaiya has over
15 years of industry and related experience. He will be based in
New York and will cover a select list of small-, mid- and large-cap
companies.
Somaiya will join the firm in January of 2010 following a garden
leave with Thomas Weisel Partners Group, where he is currently a
lead biotechnology analyst. Somaiya has been frequently recognized
by industry sources, such as the Wall Street Journal, as being
among the best for his fundamental and timely analysis.
“Expanding the breadth and depth of coverage of biotechnology
companies reflects our ongoing commitment to responding to client
needs and market opportunities,” said Stephen J. Buell, head of
equity research at Piper Jaffray. “We look forward to having Ian on
board to help with this effort.”
Somaiya received his bachelor’s degree in biology and
neuroscience from New York University in New York.
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, Minnesota 55402-7020
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