Piper Jaffray Names Thomas Schnettler President and Chief Operating Officer; Extends Executive Committee to Focus on Global Grow
May 16 2008 - 9:00AM
Business Wire
Piper Jaffray Companies (NYSE: PJC) today announced changes to its
senior management committee, naming Thomas Schnettler as president
and chief operating officer of the company and supporting global
growth by adding the heads of its Asia and European operations to
its executive team. In his new role, Schnettler will focus on
driving growth in the firm�s core investment banking and
institutional securities business areas. Schnettler, who most
recently served as the firm�s vice chairman and chief financial
officer, will continue to report to Piper Jaffray Chairman and CEO
Andrew Duff. Duff, in addition to continuing to lead the firm�s
management committee, will focus on corporate development and
strategic initiatives, including growth of the firm�s asset
management business. �Tom�s proven leadership is critical to
driving growth in our core business areas and creating long-term
client and shareholder value across all our global business
operations,� Duff said. Replacing Schnettler as CFO is Debbra
Schoneman, previously managing director and treasurer for Piper
Jaffray. Schoneman will join the firm�s management committee and
report to Duff. �Deb has been with Piper Jaffray for 18 years, and
brings proven finance expertise, deep industry knowledge and strong
internal partnerships to the role of CFO and the firm�s management
committee,� Duff said. Continuing to report to Duff on the Piper
Jaffray management committee are Jim Chosy, general counsel, and
Todd Firebaugh, chief administrative officer. Reporting to
Schnettler will be the heads of the firm�s global investment
banking and institutional securities business operations,
including: Frank Fairman, head of public finance services; Alex Ko,
chairman and CEO of Piper Jaffray Asia; Ben May, head of fixed
income services; Robert Peterson, head of equities; Jon Salveson,
head of investment banking; and David Wilson, CEO of Piper Jaffray
Ltd., the firm�s London-based operations. As a result of this new
structure, Ko and Wilson will join the rest of the business heads
on the firm�s management committee. �Piper Jaffray has a tremendous
opportunity to build leading international capabilities to drive
growth in our business,� Schnettler said. �Naming Alex and David to
the management committee reflects our increasing global footprint
and our commitment to helping our clients raise and invest capital
in the world�s leading capital markets.� Schnettler, who joined
Piper Jaffray in 1986, has held several senior management positions
in the firm�s investment banking and institutional securities
business areas. Schnettler earned a bachelor�s degree in government
from St. John's University in Collegeville, Minn. and has a law
degree from Harvard Law School. He serves on the board of directors
of Catholic Charities of St. Paul and Minneapolis and will serve on
the St. John�s University Board of Regents, effective July 1.
Schoneman joined Piper Jaffray in 1990 in the firm�s accounting
department. She has held several senior finance management
positions, including finance director of both equity and fixed
income capital markets and, most recently, treasurer. Schoneman
earned a bachelor�s degree in finance from Minnesota State
University Mankato in Mankato, Minn., and a Master of Business
Administration degree from the University of St. Thomas in
Minneapolis. Ko joined Piper Jaffray as part of the firm�s 2007
acquisition of Hong Kong-based Goldbond Capital Holdings Limited,
which he founded in 2003. Ko has more than 25 years of experience
in banking and corporate finance in China and Hong Kong, and
previously served as the chairman of the corporate finance business
at BNP Paribas Peregrine Capital Limited. Ko is a member of the
listing committee on the main board and Growth Enterprise Market
(GEM) board of the Hong Kong Stock Exchange. He is an independent
non-executive Director of Tianjin Capital Environmental Protection
Company Limited, which is listed on the Hong Kong Stock Exchange.
He is also an independent non-executive Director of Golden Eagle
Asset Management Limited. He graduated from The Chinese University
of Hong Kong with a bachelor�s degree in business administration.
Wilson joined Piper Jaffray in 2001 and was named CEO of Piper
Jaffray Ltd. in 2005. He is responsible for the firm's European
institutional sales, trading and investment banking operations.
Prior to being named CEO of Piper Jaffray Ltd., Wilson served as
head of European investment banking for the firm. He has
significant investment banking experience in the U.K. health care
sector, and previously held senior investment banking positions at
ING Barings, BTAB/Deutsche Bank and UBS Warburg. Wilson graduated
from Cambridge University. 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
Hong Kong, London and Shanghai. Piper Jaffray & Co. is the
firm's principal operating subsidiary. (NYSE: PJC)
(http://www.piperjaffray.com) � 2008 Piper Jaffray & Co., 800
Nicollet Mall, Suite 800, Minneapolis, Minnesota 55402-7020
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