Piper Jaffray Expands Fixed Income Product Capability
October 19 2010 - 2:35PM
Business Wire
Piper Jaffray announced today that it has expanded its fixed
income sales and trading capability into preferred and capital
securities with the addition of a seasoned team. The new team,
which has more than 50 years of combined experience in the
industry, is based in New York. Martyn Ball, managing director,
joined the firm as head of preferred and capital securities. Barry
Scoville Jr., principal, joined as a preferred trader, and Kevin
Conery, principal, will provide strategy and analytical
support.
“Offering preferred and capital securities expertise is a
natural extension of our success in the structured aircraft market,
and allows us to provide clients opportunistic total return
products,” said Brad Winges, head of fixed income services.
“Martyn, Barry and Kevin bring years of experience, product
knowledge and a wide range of perspectives to Piper Jaffray, with
successful track records of building businesses and executing on
new initiatives. The team is an excellent fit with our culture
given their penchant for providing exceptional client service.”
Ball has 20 years of fixed income experience, both trading and
marketing preferred and capital securities. Most recently, he was a
founding partner of Peregrine Capital LLC, that became the fixed
income division of Weeden & Co., where he led the investment
grade and capital securities effort. Prior to that, he spent 11
years at Goldman Sachs where he was for responsible for
distribution of hybrid capital and preferred, and seven years at
Morgan Stanley, where he traded preferred securities and later
helped establish a fixed income middle markets business. Ball
graduated from St. Lawrence University.
Scoville has 11 years experience in preferred securities
trading. He was most recently at Weeden & Co. Previously, he
traded both preferred securities and capital securities at Merrill
Lynch and UBS. Scoville earned a Bachelor of Economics degree from
Rutgers University.
Conery has over 23 years of financial experience, having worked
most recently at Merrill Lynch, and, prior to that, Lehman
Brothers. Most of his career has been focused on preferred and
capital securities from the research, marketing and investor
perspectives. He is the former co-head of the U.S. Hybrid
Securities Committee of the SIFMA and its predecessor, the Bond
Market Association. He graduated Cum Laude from Boston College, and
received his Master of Business Administration from the State
University of New York at Albany.
About Piper JaffrayPiper Jaffray Companies (NYSE: PJC) is
a leading, international investment bank and institutional
securities firm, serving the needs of corporations, private equity
groups, public entities, nonprofit clients and institutional
investors. Founded in 1895, Piper Jaffray provides a broad set of
products and services, including equity and debt capital markets
products; public finance services; financial advisory services;
equity and fixed-income institutional brokerage; equity research
and fixed income analytics; and asset management services. Piper
Jaffray headquarters are located in Minneapolis, Minnesota, with
offices across the U.S. and in London and Hong Kong. Piper Jaffray
& Co. is the firm's principal operating subsidiary.
(www.piperjaffray.com)
© 2010 Piper Jaffray & Co., 800 Nicollet Mall, Suite 800,
Minneapolis, Minnesota 55402-7020
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