PJC Piper Jaffray Companies

Piper Jaffray & Co. strengthened its equity sales and trading team with the addition of Stephen Yamane as managing director. Yamane, who brings more than 20 years experience, will work out of the firm�s growing Boston office. Yamane joins Piper Jaffray from Cowen and Company where he was managing director of equity sales and trading. Prior to that, Yamane was in a similar role at Kidder Peabody/Paine Webber. �Boston is an important market for our firm and we continue to add senior level talent to serve our clients in the region,� said Jim Fehrenbach, head of equity sales and trading at Piper Jaffray. �Stephen is a talented and experienced trader that has built a career on providing exceptional client service. Our clients and team will benefit from his expertise.� Yamane earned a Bachelor of Science degree from the University of New Hampshire. 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, Hong Kong, and Shanghai. Piper Jaffray & Co. is the firm's principal operating subsidiary. (NYSE: PJC) (http://www.piperjaffray.com) Since 1895. Member SIPC and FINRA. � 2008 Piper Jaffray & Co., 800 Nicollet Mall, Suite 800, Minneapolis, Minnesota 55402-7020