Piper Jaffray Promotes Jeffrey Hoffman to Head of Health Care Investment Banking
June 07 2004 - 10:52AM
PR Newswire (US)
Piper Jaffray Promotes Jeffrey Hoffman to Head of Health Care
Investment Banking SAN FRANCISCO, June 7 /PRNewswire-FirstCall/ --
Piper Jaffray & Co. is pleased to announce that Jeff Hoffman
has been named head of its Health Care Investment Banking group, in
which he will share joint responsibilities with Bob DeSutter, head
of Health Care Mergers and Acquisitions, in guiding the direction
of the firm's well-established health care franchise. He replaces
Jon Salveson, who was recently named head of Investment Banking for
Piper Jaffray. Hoffman, who is based in the firm's San Francisco
office, is a six-year veteran of Piper Jaffray, having joined the
firm in 1998 after previous experience at Montgomery Securities in
San Francisco and Goldman Sachs in New York City. In his time at
Piper Jaffray, Hoffman has played an integral role in helping drive
the firm's health care practice into one of largest on the Street.
In the last five years, the firm's Health Care Investment Banking
group has participated in 100 initial and secondary public
offerings and has raised over $12 billion in capital for clients.
During the same period, the group was the advisor on 70 health care
mergers and acquisitions valued at over $13 billion. "We are
pleased to promote Jeff to his new position," said Salveson. "He is
a proven and respected leader within the (Health Care Investment
Banking) group and I am certain that he, along with Bob DeSutter,
will continue to grow our leading health care practice." "While Jon
is a tough act to follow, I am excited to work with Bob to continue
to build upon Piper Jaffray's strong tradition as a foremost
provider of investment banking advice to health care companies,"
said Hoffman. 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 United States. The
firm has approximately 3,000 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: Dana H. Wade, Public
Affairs and Media Relations of Piper Jaffray & Co.,
+1-415-277-1556 Web site: http://www.piperjaffray.com/
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