Piper Jaffray Enters Pennsylvania Market with Public Finance and Fixed Income Services
11 February 2011 - 5:16AM
Business Wire
Piper Jaffray (NYSE: PJC) announced today that it has opened a
public finance and a fixed income distribution office in
Pennsylvania with 12 seasoned professionals. A six-member public
finance investment banking team, based in Pittsburgh, will be led
by Chris Shelby, managing director. A six-member middle market
sales and trading team, based in Philadelphia, will be led by Jim
Dotzman, managing director.
“Expanding our franchise beyond primarily the western half of
the United States to a national footprint is a key strategic
objective. We entered the northeast in 2009 and the southeast in
2010,” said Frank Fairman, head of public finance. “Now, we’re
pleased to enter Pennsylvania, which is one of the top four states
in terms of par value for middle market issuers. Chris and his team
have built strong client relationships in the western Pennsylvania
market, working primarily with local government issuers. We look
forward to growing our business from this solid platform.”
Brad Winges, head of fixed income services further commented,
“These distribution resources will support the growth strategy for
our public finance and fixed income business. We are pleased to
welcome this new team who will provide a critical mass to expand
the reach of Piper Jaffray in this key market.”
Shelby, previously a principal of H-T Capital, has 30 years of
public finance experience in Pennsylvania. Joining Shelby from H-T
Capital are Randy Frederick, senior vice president; Tom Kinney,
senior vice president; Joe Wiesner, senior vice president; Chip
McCarthy, vice president; and Michael Smith, vice president.
Prior to joining Piper Jaffray, Dotzman was with JVB Financial
Group. Joining Dotzman are Edmund Deeter, principal; Janet
Handleman, principal; Tyson Perry, principal; Walter Sommers,
principal; and Carol Torelli, assistant vice president.
With these additions, Piper Jaffray has 107 public finance
professionals and 55 sales professionals nationwide.
About Piper JaffrayPiper Jaffray is a leading middle
market investment bank and asset management firm serving clients in
the U.S. and internationally. Our proven advisory teams combine
deep product and sector expertise with ready access to global
capital. Founded in 1895, the firm is headquartered in Minneapolis
with offices across the U.S. and in London and Hong Kong.
www.piperjaffray.com
Since 1895. Member SIPC and NYSE© 2011 Piper Jaffray & Co.,
800 Nicollet Mall, Suite 800, Minneapolis, Minnesota 55402-7020
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