PJC Piper Jaffray Companies

LONDON, Oct. 13 /PRNewswire-FirstCall/ -- Piper Jaffray (NYSE:PJC) is pleased to announce continued growth in the firm's research presence in the United Kingdom with the addition of its first senior technology research analyst. Graeme Clark joins the firm as a senior research analyst covering software and IT services companies. "We are pleased to have Graeme join our research team in London," said Joel Denney, head of Investment Research at Piper Jaffray. "Graeme has deep knowledge and experience covering the software and IT services industry for both UK and pan-European companies. We are looking forward to adding technology research to our overall research platform in London." Clark joins the firm with more than seven years of experience covering UK and pan-European software and IT services companies. Most recently, he worked at ING Wholesale Bank, where he covered the same sector and recently headed up the pan-European software and IT services research effort. Clark earned a bachelor's degree in accounting and business studies from the University of Edinburgh. He has also trained as a Chartered Accountant. About Piper Jaffray Piper Jaffray Companies is a leading, international middle market investment bank and institutional securities firm, serving the needs of middle market corporations, private equity groups, public entities, nonprofit clients and institutional investors. Founded in 1895, Piper Jaffray provides a comprehensive set of products and services, including equity and debt capital markets products; public finance services; mergers and acquisitions advisory services; high-yield and structured products; institutional equity and fixed- income sales and trading; and equity and high-yield research. With headquarters in Minneapolis, Piper Jaffray has 25 offices across the United States and international locations in London, Madrid and Shanghai. The firm's UK operating subsidiary, Piper Jaffray Ltd., is authorized and regulated by the Financial Services Authority and is a member of the London Stock Exchange. Piper Jaffray & Co. is the firm's principal operating subsidiary. (NYSE: PJC ; http://www.piperjaffray.com/ ) Since 1895. Member SIPC and NYSE. (C) 2006 Piper Jaffray & Co., 800 Nicollet Mall, Suite 800, Minneapolis, Minnesota 55402-7020 DATASOURCE: Piper Jaffray Companies CONTACT: media relations, Susan Beatty of Piper Jaffray Companies, +1-612-303-5680 Web site: http://www.piperjaffray.com/

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