Piper Jaffray Completes Acquisition of River Branch Holdings LLC
01 October 2015 - 6:30AM
Business Wire
Piper Jaffray Companies (NYSE: PJC), a leading investment bank
and asset management firm, announced today it has completed its
purchase of River Branch Holdings LLC, a Chicago-based investment
banking boutique that serves clients in the financial institutions
industry.
The transaction was announced in July soon after Piper Jaffray
expanded its financial institutions group (FIG) with the addition
of five managing directors from Sterne Agee. Piper Jaffray also
plans to complete its acquisition of BMO Capital Markets GKST Inc.,
another Chicago-based company in the fourth quarter.
David Olson, former River Branch Holdings chairman and CEO, and
Steven Kent, former president, will be joining Piper Jaffray as the
co-head of financial institutions investment banking and vice
chairman of investment banking respectively.
“We are pleased to complete the acquisition of River Branch
Holdings and eager to welcome David’s and Steve’s expert team,”
said Andrew Duff, chairman and CEO of Piper Jaffray. “This
acquisition is highly additive as we pursue the financial services
sector more aggressively and grow our Chicago presence.”
Financial terms of the transactions are undisclosed.
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, Zurich and
Hong Kong. Securities brokerage and investment banking services are
offered in the United States through Piper Jaffray & Co.,
member NYSE and SIPC, in Europe through Piper Jaffray Ltd.,
authorized and regulated by the Financial Conduct Authority, and in
Hong Kong through Piper Jaffray Hong Kong, authorized and regulated
by the Securities and Futures Commission. 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.
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© 2015 Piper Jaffray Companies, 800 Nicollet Mall, Suite 1000,
Minneapolis, Minnesota 55402-7036
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version on businesswire.com: http://www.businesswire.com/news/home/20150930006708/en/
Piper Jaffray CompaniesPamela Steensland,
612-303-8185pamela.k.steensland@pjc.com
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