Jon Salveson Promoted to Head of Piper Jaffray's Investment Banking Group
29 April 2004 - 2:04AM
PR Newswire (US)
Jon Salveson Promoted to Head of Piper Jaffray's Investment Banking
Group MINNEAPOLIS, April 28 /PRNewswire-FirstCall/ -- Piper Jaffray
& Co. is pleased to announce that Jon Salveson has been named
head of Piper Jaffray's Investment Banking group. He reports to
Thomas Schnettler, head of the Piper Jaffray Equities and
Investment Banking business. Salveson has been with Piper Jaffray
since 1993 and was previously co-head of the firm's Health Care
Investment Banking group. Salveson has been instrumental in
building the Piper Jaffray health care practice into one of the
largest in the U.S. In the last five years, the firm's Health Care
group has participated in 90 initial and secondary public offerings
and has raised over $11 billion in capital for clients. During the
same period, the group was the advisor on 60 health care mergers
and acquisitions (M&A) valued at over $12 billion. In addition,
Salveson, together with Chad Abraham, head of the Piper Jaffray
Technology Investment Banking group, opened the Piper Jaffray Menlo
Park, Calif., office in 1996, where they played a key role in
establishing a large technology and health care presence in the San
Francisco Bay Area. "We are pleased to promote Jon to the position
of head of Investment Banking," said Schnettler. "He is an
accomplished leader and investment banker both within the firm and
marketplace and has continued to guide our health care investment
banking practice as a nationally recognized lead-manager platform.
We look forward to utilizing his exceptional talents across our
broader investment banking platform." "It is an exciting time to be
taking an increased leadership position within the firm as it
recently reemerged as an independent company," said Salveson. "I
look forward to drawing upon my experiences leading the Health Care
Investment Banking group to drive the Piper Jaffray Investment
Banking platform and to increase our market share." Salveson
graduated from St. Olaf College in Northfield, with a degree in
chemistry and religion and received a master of business
administration degree from the J.L. Kellogg Graduate School of
Management at Northwestern University in Evanston, Ill. As a
leading provider of financing solutions to growth companies, Piper
Jaffray investment banking professionals combine an extensive
breadth of expertise with diverse transactional experience to
assist clients in achieving goals. The Piper Jaffray investment
banking practice focuses on the consumer, financial, health care
and technology sectors. Headquartered in Minneapolis, Piper Jaffray
Companies (NYSE:PJC) is a focused securities firm dedicated to
delivering superior financial advice, investment products and
transaction execution within selected sectors of the financial
services marketplace. The company operates through two primary
revenue-generating segments -- Capital Markets and Private Client
Services. Investment Research, an independent group reporting to
the CEO, supports clients of both segments. The firm serves
corporations, government and non- profit entities, and
institutional investors on a national basis and serves the
financial advisory needs of private individuals predominantly
across the western half of the United States. The firm has
approximately 3,000 employees in 111 offices in 23 states across
the country and in London, England. For more information about
Piper Jaffray, visit us online at http://www.piperjaffray.com/ .
Since 1895. Member SIPC and NYSE. DATASOURCE: Piper Jaffray &
Co. CONTACT: Dana H. Wade, Public Affairs and Media Relations of
Piper Jaffray & Co., +1-415-277-1556 Web site:
http://www.piperjaffray.com/
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