Piper Jaffray Companies, an investment bank and asset management firm, is making a “full-scale entry into the financial services sector” via a financial institutions group (FIG) that will include partners in sales and trading, equity research, fixed income and investment banking — all focused exclusively on financials coverage, officials say.
“We remain focused on significantly growing our FIG footprint across multiple geographies and business lines for the sole purpose of our clients’ success,” says Andrew Duff, Piper Jaffray chairman and CEO in a prepared statement.
The new team “represents some of the highest caliber talent covering the industry and we are excited to leverage this expertise on behalf of our clients,” says Jeff Klinefelter, Piper Jaffray global head of equities, in a prepared statement.
In particular, Piper Jaffray added four equity sales and trading professionals and eight senior research analysts dedicated to the FIG space, officials say.
For the FIG equity sales and trading, the firm has hired:
- Adam Aspes – managing director, head of fig equity sales (Atlanta, GA);
- Jacob Morton – managing director, sales trader (New York);
- Adam Panzer – principal, equity sales (New York);
- And Anthony Duplisea – institutional sales associate (New York).
In the FIG equity research group, the firm has hired:
- Matthew Breese – senior research analyst, Northeast banks (Boston, MA);
- Matthew Clark – senior research analyst, West Coast banks (New York);
- Daniel Farrell – senior research analyst, property and casualty insurance (New York);
- Peyton Green – senior research analyst, Southeast banks (Nashville, TN);
- Matthew Kelley – senior research analyst, Northeast banks (Portland, ME);
- John Nadel – senior research analyst, life insurance (New York);
- Brett Rabatin – senior research analyst, Texas and West Coast banks (Nashville, TN);
- And Jason Weyeneth – senior research analyst, asset managers and alternative investments (New York)
The research analysts will join Mike Grondahl and Jason Deleeuw to cover more than 200 companies in multiple sub-sectors across the FIG spectrum over the next couple of quarters, officials say.
These changes follow Piper Jaffray’s fixed income division’s continued expansion into the financial services sector. In 2014, the firm made significant additions to its FIG fixed income strategy, analytics, sales and trading teams, as well as established strategic partnerships with industry-leading organizations to further leverage offerings for financial institutions clients, officials say.
Piper Jaffray Companies is headquartered in Minneapolis with offices across the U.S. and in London, Hong Kong and Zurich.
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