Piper Jaffray Expands Fixed Income Sales and Trading Capabilities in New York
March 01 2004 - 10:29AM
PR Newswire (US)
Piper Jaffray Expands Fixed Income Sales and Trading Capabilities
in New York - Firm Hires 14 Sales and Trading Professionals
Formerly With Mellon Financial Corporation - NEW YORK, March 1
/PRNewswire-FirstCall/ -- Piper Jaffray & Co. is pleased to
announce the strategic addition of 14 new sales and trading
professionals to its Fixed Income New York office. The team,
formerly with Mellon Financial Corporation, joined the Piper
Jaffray Fixed Income dealer sales, corporate trading, trading
operations and sales teams. The additions are part of the firm's
strategy to enhance execution capabilities, including electronic
trading and market making and extend its platform for middle-market
clients. The new trading group is located in the firm's Chrysler
Building offices in mid-town Manhattan. "We are excited to launch
this new effort in corporate sales and trading in our New York
office," said Barry Nordstrand, head of Fixed Income at Piper
Jaffray. "These 14 individuals bring deep experience and talent to
our platform and help us better serve our middle-market clients. In
addition, the team allows us to fully implement our strategy of
serving corporate bond investors." The team consists of Michael
Cullen and Jonathan Silverman, who joined thefirm as managing
directors and senior corporate traders. Cullen and Silverman joined
the firm after spending the past two and a half years as corporate
bond traders at Mellon. They serve as co-team leaders on the
corporate bond desk in New York. Joining Cullen and Silverman is
Izzy Emek, who is a managing director and senior corporate bond
trader. Emek joined the firm after working the past two and a half
years at Mellon, where he was a bond trader. Alison Prager and
Helen Keegan joined the New York office as managing directors and
co-team leaders in dealer sales. Prager and Keegan joined the firm
from Mellon, where they worked in dealer sales for the past two and
a half years. Peter Knapp joined the firm as a vice president in
dealer sales from Mellon, where he worked in corporate bond sales.
Charles Dugan also joined the firm from Mellon as a vice president
responsible for fixed income electronic trading. In addition, Jim
Paviolitis joined the firm as an assistant vice president in dealer
sales. Paviolitis most recently worked at Mellon in agency dealer
sales. In trading operations, the firm hired John Holman from
Mellon as a managing director. Holman is responsible for working
with partners in technology to get the firm up and running and
managing day-to-day trading issues. Eugene Klechevsky and Dow
Crescibene join Holman in providing day-to- day support for the
corporate trading desk. Both spent the past two and a half years in
trading support at Mellon. "We are thrilled tohave this team join
us in our strategic effort to expand our dealer sales and trading
presence in New York," said Mike Effron, head of fixed income
trading at Piper Jaffray. "The addition of the traders and dealers
desk allows us to expand our corporate bond trading platform and is
the perfect complement to our current research based trading
platform." In addition, the firm hired three corporate bond
specialist sales staff from Mellon. John Akalski joined as a
managing director, Paul Gallagher as a managing director and Matt
Duffy as assistant vice president. "We are pleased to have John,
Paul and Matt join our sales efforts in our New York office," said
Jim Roddy, head of fixed income institutional sales at Piper
Jaffray. "The addition strengthens our platform allowing us to
extend our market making services and coverage more broadly.
Finding the combination of such talented and experienced
professionals is very fortunate for our firm." These 14 new hires
are part of an on-going expansionplan at Piper Jaffray. Since
opening its fixed income New York trading desk in May 2002, Piper
Jaffray has added 31 sales and trading employees in municipals,
mortgages and corporates in New York. Overall, the firm has 36
fixed income employees in its New York office. Headquartered in
Minneapolis, Piper Jaffray & Co., a subsidiary of Piper Jaffray
Companies (NYSE:PJC), is 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 operates through two primary
revenue-generating segments -- Capital Markets and Private Client
Services. Investment Research, an independent group reporting to
the CEO, supports clients of both segments. The firm serves
corporations, government and non-profit entities, and institutional
investors on a national basis and serves the financial advisory
needs of private individuals predominantly across the western half
of the UnitedStates. The firm has over 2900 employees in 111
offices in 23 states across the country and in London, England. 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, Public
Affairs and Media Relations of Piper Jaffray, +1-612-303-5680 Web
site: http://www.piperjaffray.com/
Copyright
Piper Jaffray Companies (NYSE:PJC)
Historical Stock Chart
From Jul 2024 to Aug 2024
Piper Jaffray Companies (NYSE:PJC)
Historical Stock Chart
From Aug 2023 to Aug 2024
Real-Time news about Piper Jaffray Companies (New York Stock Exchange): 0 recent articles
More Piper Jaffray Companies News Articles