Piper
Jaffray Companies (NYSE: PJC) today announced a major expansion of
its investment banking team with the addition of a financial
institutions group (FIG) dedicated to depository, diversified
financials, financial technology and insurance clients. The firm also
added FIG capital markets coverage. This announcement follows Piper
Jaffray’s recent FIG additions in equity research and sales & trading.
“The FIG senior banking and capital markets team is in place and we are
now a formidable force in the financial institutions arena,” said Andrew
Duff, Piper Jaffray Companies chairman and chief executive officer.
“We’ve enlisted the highest-caliber talent across our core businesses
and look forward to leveraging this full-service expertise for our
clients.”
Bob Hutchinson will lead the financial institutions investment banking
team, which includes managing directors Michael Barry, Pete Majar and
Jim Murray. Daryle DiLascia will oversee FIG capital markets. The
bankers were most recently employed at Sterne Agee. DiLascia, Barry,
Majar and Murray will be located in New York, with Hutchinson based in
the firm’s Boston office.
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Bob Hutchinson: Prior to Sterne Agee, Hutchinson was a managing
director at Keefe, Bruyette &Woods. From 2009 to 2015, he served in a
number of leadership capacities at Sterne Agee, including head of the
depository institutions group and head of the northeast region.
Hutchinson also served four years as an officer in the United States
Marine Corps. He holds a bachelor’s degree from Boston College and a
Master of Business Administration degree from The Ohio State
University Fisher College of Business.
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Daryle DiLascia: DiLascia served as an executive managing
director and head of investment banking at Sterne Agee, where he
worked from 2012-2015. Prior to that, he spent 17 years with Keefe,
Bruyette & Woods, Inc., where he was an executive vice president and
co-head of equities. DiLascia holds a bachelor’s degree from Syracuse
University and a Master of Business Administration degree from Boston
College.
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Michael Barry: Barry served as a senior managing director and
head of depository M&A at Sterne Agee and was previously head of
financial institutions M&A at Stifel Financial Corp. Prior to that, he
was head of Merrill Lynch’s depository institutions group and head of
depository M&A at Banc of America. Barry holds a bachelor’s degree
summa cum laude from Princeton University and a Master of Business
Administration degree with distinction from the University of
Pennsylvania Wharton School.
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Pete Majar: Majar was a managing director at Sterne Agee
focused on the diversified financial services space and prior to that,
a managing member of Majar Advisors LLC which was developing Orcus
Spread Networks, a concept for an institutional buy-side focused
trading system that incorporated HFT technology and techniques. Prior,
Majar was a senior partner and managing director at Freeman & Co. He
holds a bachelor’s degree from the University of Washington and a
Master of Business Administration degree from Columbia University.
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Jim Murray: Murray was a managing director at Sterne Agee
focused on finance companies and asset managers, and prior to that, a
managing director at Freeman & Co. He previously served as head of the
financial institutions group at Houlihan Lokey and the head of North
American corporate finance at Fox-Pitt, Kelton. Murray holds a
bachelor’s degree from DePaul University and a Master of Business
Administration degree from UCLA.
“We are excited to expand our investment banking group with this veteran
team. With financial institutions being an important economic sector, it
is a core focus for the firm as we continue to explore ways of better
serving our clients,” said Chad
Abraham, global co-head of Piper Jaffray investment banking and
capital markets.
“It is a privilege to lead the financial institutions banking efforts
for an industry leader like Piper Jaffray at a time when it is
broadening its sector expertise across multiple platforms,” said Bob
Hutchinson, head of financial institutions investment banking.
“Piper Jaffray has longstanding leadership in capital markets across
several key industries,” added Daryle DiLascia, head of FIG capital
markets. “Our intention is to leverage this success to create more wins
for clients and the firm.”
About Piper Jaffray
Piper
Jaffray Companies (NYSE: PJC) is an investment bank and asset
management firm headquartered in Minneapolis with offices across the
U.S. and in London, Hong Kong* and Zurich. Securities brokerage and
investment banking services are offered in the United States through
Piper Jaffray & Co., member NYSE and SIPC, and in Europe through Piper
Jaffray Ltd., authorized and regulated by the Financial Conduct
Authority. Asset management products and services are offered through
three separate investment advisory affiliates registered with the U.S.
Securities and Exchange Commission: Advisory Research Inc., Piper
Jaffray Investment Management LLC and PJC Capital Partners LLC.
* License pending
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