Piper Jaffray Strengthens Its Municipal Trading and Banking in New York
28 April 2009 - 10:56PM
Business Wire
Piper Jaffray & Co. strengthened its public finance banking
and municipal trading expertise with three recent hires. John Coan
has joined Piper Jaffray as managing director to focus on large
issuer business on the East Coast and expand the firm�s presence in
the transportation sector. Coan has more than 15 years industry
experience and was most recently with Bank of America.
�We are pleased to have John join our Public Finance team and
feel he will be a key to our expansion in the transportation
sector,� said Frank Fairman, head of public finance at Piper
Jaffray. �John�s history of working with clients to find financial
solutions is a great cultural fit with our firm.�
Piper Jaffray recently hired Joanna Brody as a principal to head
short term institutional fixed and variable rate trading and
underwriting. Brody has more than 15 years industry experience and
was most recently at UBS Securities where she oversaw a $55 billion
variable rate program. She was also a member of capital markets
executive team and a crisis management team leader.
Additionally, Piper Jaffray hired Zach Tucker who joins the firm
as an assistant vice-president and institutional taxable municipal
trader. Tucker joins Piper Jaffray from Citigroup where he was a
taxable municipal trader and coordinated trading with retail,
middle market and institutional clients. He will be working closely
with the underwriting and sales teams as well as the institutional
taxable and middle market sales nationwide.
�As we expand our large issuer business, we felt that Joanna�s
industry experience and leadership would assure that we continue to
offer our clients the most effective variable rate financing and
pricing solutions,� said Brad Winges, head of fixed income services
at Piper Jaffray. �We believe that the taxable municipal market
will grow significantly, and the addition of Zach will enhance our
expertise for issuers and our buy-side clients.�
All three of the new hires will work out of the firm�s New York
office.
About Piper Jaffray
Piper Jaffray Companies (NYSE: PJC) 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. Piper Jaffray headquarters are located in
Minneapolis, Minnesota, with offices across the U.S. and in London,
Hong Kong and Shanghai. Piper Jaffray & Co. is the firm's
principal operating subsidiary. (www.piperjaffray.com)
Since 1895. Member SIPC and FINRA.
� 2009 Piper Jaffray & Co., 800 Nicollet Mall, Suite 800,
Minneapolis, Minnesota 55402-7020
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