Piper Jaffray Appoints Lois Quam to Lead Alternative Energy and Health Care Initiatives
22 August 2007 - 6:01AM
PR Newswire (US)
MINNEAPOLIS, Aug. 21 /PRNewswire-FirstCall/ -- Piper Jaffray today
announced the appointment of Lois Quam as Managing Director,
Alternative Investments, a newly created senior post responsible
for developing new business opportunities in the alternative
energy/clean technology and health care sectors. Quam will be based
in Minneapolis. Since joining UnitedHealth Group in 1989, Quam
helped build it into one of the fastest growing companies in the
United States and led the formation and growth of United's public
and seniors businesses, which now earn over $30 billion in annual
revenue. At Piper Jaffray, she will manage investment offerings in
two areas of high social interest and growth potential: clean
technology solutions and health care services. "Based on her
outstanding record of professional accomplishment, Lois is uniquely
qualified to extend our global capabilities in health care and
clean technology -- an area of strong opportunity for our company,"
said Andrew Duff, Piper Jaffray chairman and CEO. "Piper Jaffray
and our clients will benefit enormously from her experience in
working through these complex issues." Piper Jaffray has long been
a leading middle market investment bank in health care and recently
developed a leadership position in the emerging clean technology
sector. In this new leadership position, Quam will oversee Piper
Jaffray equity investment offerings in these areas. These new
offerings will extend the private capital funds Piper Jaffray
currently manages. "Arriving at equitable and effective solutions
to difficult problems has been at the heart of everything I've done
during my career," Quam said. "The opportunity to work with Piper
Jaffray on these vitally important, high-growth areas, like
alternative energy and health care, is very attractive to me."
Quam, the highest-ranking Minnesotan in Fortune magazine's list of
"Most Powerful Women in Business," has a proven record of
developing innovative and effective business responses to major
health care challenges as well as working effectively with
government. Previously, Quam chaired the Minnesota Health Care
Access commission, which recommended the formation of
MinnesotaCare, the state's medical insurance program for low-income
Minnesotans. She also served as a senior adviser to the White House
Task Force on Health Care Reform during the Clinton administration.
About Piper Jaffray Piper Jaffray Companies 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 25 offices across the United States and international
locations in London and Shanghai. Piper Jaffray & Co. is the
firm's principal operating subsidiary. (NYSE:PJC)
(http://www.piperjaffray.com/) Since 1895. Member SIPC and NYSE.
(C) 2007 Piper Jaffray & Co., 800 Nicollet Mall, Suite 800,
Minneapolis, Minnesota 55402-7020 DATASOURCE: Piper Jaffray
CONTACT: Investors, Jennifer A. Olson-Goude, +1-612-303-6277, or
Media, Rob Litt, +1-612-303-8266, both of Piper Jaffray Web site:
http://www.piperjaffray.com/
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