Former Ceridian CEO Stuart C. Harvey Jr. Appointed Piper Jaffray Merchant Banking Partner
17 August 2015 - 11:57PM
Business Wire
Piper Jaffray Companies (NYSE:PJC), a leading investment bank
and asset management firm, is pleased to announce the hiring of
Stuart C. Harvey Jr. as a partner in the Piper Jaffray merchant
banking group. The group manages private equity investments in
commercial businesses with strong growth prospects.
Harvey previously served as a managing director at Piper Jaffray
from 1993-2003, and will be rejoining the firm as the merchant
banking group prepares to raise a new fund in 2016. The group
closed its $100 million Piper Jaffray Merchant Banking Fund I, L.P.
in 2012.
From 2003-2010, Harvey served as CEO of Elavon Global Acquiring
Solutions, Inc., a subsidiary of U.S. Bancorp, growing revenues to
more than $1.5 billion. He joined Ceridian Corporation in 2010
where he served as chairman, CEO and president. During his tenure,
he transformed company strategy, vision and operations on a
national and international level, leading to sharp increases in
sales and operating efficiency. Harvey also led the sale of
Comdata, Inc., a Ceridian subsidiary, to FleetCor Technologies,
Inc. for $3.45 billion.
“Stuart has a proven track record for building successful
companies and he will be highly valuable as we expand our
portfolio,” said Tom Schnettler, merchant banking managing director
and vice chairman of Piper Jaffray & Co. “In less than five
years, he was able to dramatically transform the business of
Ceridian Corporation, resulting in significant increases in
shareholder value. We look forward to utilizing Stuart’s skills in
creating value for our investors.”
“I am honored to be named a merchant banking partner, working
alongside Tom Schnettler, Bob Rinek and David Crosby. They are a
veteran group of individuals that is well-respected throughout the
industry; their record of investment in quality companies is very
impressive and I am eager to join them,” said Harvey.
Harvey holds a bachelor’s degree from St. John’s University, a
Juris doctorate from the George Washington University Law School
and a Master of Business Administration degree from the Kellogg
School of Management at Northwestern University. He also serves on
the board of directors for Trustwave Holdings, Inc. and the board
of trustees at St. John’s University.
About Piper JaffrayPiper Jaffray Companies (NYSE: PJC) is
an investment bank and asset management firm headquartered in
Minneapolis with offices across the U.S. and in London, Hong Kong*
and Zurich. Securities brokerage and investment banking services
are offered in the United States through Piper Jaffray & Co.,
member NYSE and SIPC, and in Europe through Piper Jaffray Ltd.,
authorized and regulated by the Financial Conduct Authority. Asset
management products and services are offered through three separate
investment advisory affiliates registered with the U.S. Securities
and Exchange Commission: Advisory Research Inc., Piper Jaffray
Investment Management LLC and PJC Capital Partners LLC.
* License pending
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version on businesswire.com: http://www.businesswire.com/news/home/20150817005732/en/
Piper Jaffray CompaniesPamela Steensland,
612-303-8185pamela.k.steensland@pjc.com
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