Piper Jaffray to Enhance Municipal Arbitrage Trading Capabilities With New Hires
September 17 2007 - 9:38AM
PR Newswire (US)
MINNEAPOLIS, Sept. 17 /PRNewswire-FirstCall/ -- Piper Jaffray &
Co. is pleased to announce it will expand its municipal arbitrage
trading capabilities with the addition of Mark Schierman and Andrew
Olson to its municipal trading staff. They will be based in
Minneapolis, leveraging the firm's existing municipal trading
expertise and focusing on municipal cash and derivative arbitrage
trading. Schierman joins Piper Jaffray as a managing director and
brings 15 years of experience to the firm. Prior to joining Piper
Jaffray, Schierman was a managing director of proprietary trading
at RBC Dain Rauscher where he managed proprietary municipal trading
desk systems and personnel. He holds a Bachelor of Arts degree in
Business Administration from the University of St. Thomas. With
more than 15 years of experience, Olson joins the arbitrage trading
team as a managing director. He was previously a Vice President in
proprietary trading at RBC Dain Rauscher where he managed and
traded municipal accounts. Prior to RBC Dain Rauscher, Olson was a
vice president of municipal underwriting and trading at Piper
Jaffray. He is a certified financial analyst and holds a Bachelor
of Arts degree in Business Administration from the University of
St. Thomas. "I am excited to have Mark and Andrew join Piper
Jaffray," said Brad Winges, head of Public Finance Sales and
Trading. "With more than 30 years of combined municipal trading
experience, the team is well-positioned to expand our presence in
the municipal marketplace." 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 and Shanghai. Piper Jaffray & Co. is the firm's
principal operating subsidiary. (NYSE:PJC)
(http://www.piperjaffray.com/) Since 1895. Member SIPC and NYSE.
(C) 2007 Piper Jaffray & Co., 800 Nicollet Mall, Suite 800,
Minneapolis, Minnesota 55402-7020 DATASOURCE: Piper Jaffray &
Co. CONTACT: Rob Litt, +1-612-303-8266, of Piper Jaffray & Co.
Web site: http://www.piperjaffray.com/
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