PJC Piper Jaffray Companies

NEW YORK, May 30 /PRNewswire-FirstCall/ -- Piper Jaffray & Co. is pleased to announce that it has expanded its Financial Institutions Investment Banking Group with the hire of Nick Golding. Golding has joined the firm as a managing director in the Financial Institutions Investment Banking Group. Golding will head the financial technology and services practice and will be located in New York. This announcement follows the hire of Michael Gebo, who heads up the insurance practice and Thomas Chen, co-head of Financial Institutions Investment Banking Group. "We are excited to further expand our financial institutions group with this important hire in the financial technology and services area," said Jon Salveson, head of Investment Banking at Piper Jaffray. "Nick comes to Piper Jaffray with tremendous experience and knowledge in the financial technology industry and we look forward to his contributions as we aim to be the primary advisor for our financial services and financial sponsor clients." Golding joins the firm from Credit Suisse, where he was in the financial institutions group and responsible for financial technology and services investment banking. In the past six years, Golding completed more than 20 transactions totaling more than $6 billion in deal value. Overall, Golding brings over 15 years of investment banking experience to Piper Jaffray. Golding graduated from Queen's University in Kingston, Canada with a bachelor's degree in economics. Piper Jaffray & Co. is the chief operating subsidiary of Piper Jaffray Companies (NYSE:PJC), 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 currently operates through two primary revenue-generating segments: Capital Markets and Private Client Services. The sale of the company's Private Client Services branch network, announced April 11, 2006 currently is pending. The company's Capital Markets business generates revenue through two groups, Corporate and Institutional Services and Public Finance Services. Through its chief operating subsidiary, Piper Jaffray & Co., the firm has served corporations, government and nonprofit entities, institutional investors and the financial advisory needs of private individuals since 1895. With headquarters in Minneapolis, Piper Jaffray has approximately 2,800 employees in 107 offices in 23 states across the country and in London. 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: Susan Beatty, Media Relations of Piper Jaffray & Co., +1-612-303-5680 Web site: http://www.piperjaffray.com/

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