Piper Jaffray Significantly Strengthens Its California Municipal Finance Banking Business
12 June 2008 - 12:58AM
Business Wire
Piper Jaffray significantly strengthened its municipal finance
banking business with the addition of a team of former UBS bankers
in California. This team was responsible for UBS�s industry-leading
K-14 and land secured business in California in addition to
financing general infrastructure throughout the Western United
States. They were the No. 1 underwriter in education financings in
California over the past five years(a) and will significantly add
to the Piper Jaffray state and local government financing business
in the state. Under the leadership of managing directors Mark Adler
and Timothy Carty in Los Angeles, along with Mark Curran, Piper
Jaffray managing director of public finance investment banking in
San Francisco, the team will work out of the firm�s offices in Los
Angeles and San Francisco as well as looking to open an additional
office in Orange County. �This team of experienced bankers
meaningfully strengthens our public finance platform as we continue
to build our municipal business, and their addition solidifies
Piper Jaffray as the leader in California education and land
secured financings,� said Frank Fairman, head of public finance
services at Piper Jaffray. Adler joins Piper Jaffray from UBS where
he was managing director of the firm�s Western region municipal
finance operation. Carty also joins Piper Jaffray from UBS, where
he led the firm�s California market-leading education practice.
�Piper Jaffray has a strong municipal platform, great people and a
focus on growth,� said Adler. �Our team made the move to Piper
Jaffray because of its market leadership, access to executive
management and the opportunity to play a significant role in the
firm�s success.� The team joining Piper Jaffray also includes
managing directors Jim Roth and Jeff Baratta, who will operate out
of the firm�s San Francisco office and bring market leadership in
the K-14 arena to the firm. In addition, the full team includes
following bankers from UBS� West Coast banking group: Eric
Choudhury, Jin Kim, Katie Koster, Ivory Li and Jim Roth. �The UBS
bankers are a great addition to the Piper Jaffray California team.
Over the last decade they have consistently been a top-tier public
finance group in California. This new public finance team will both
complement our existing efforts and markedly expand our platform
throughout the state,� Curran said. (a) Source: Thomson Financial
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 (NYSE: PJC) (www.piperjaffray.com) has 25 offices across
the United States and international locations in London, Hong Kong,
and Shanghai. Piper Jaffray & Co. is the firm's principal
operating subsidiary. � 2008 Piper Jaffray & Co., Since 1895.
Member SIPC and NYSE. 800 Nicollet Mall, Suite 800, Minneapolis,
Minnesota 55402-7020
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