traded as nyse pjc industry financial services founded minneapolis minnesota 1895 ; 121 years ago 1895 headquarters minneapolis minnesota united states key people andrew s. duff chairman and ceo products investment banking public finance asset management equity sales & trading fixed income services equity and debt capital markets investment research revenue 696.3 million 2015 number of employees 1 300 website www.piperjaffray.com piper jaffray companies nyse pjc is a full service investment bank and asset management firm focused on mergers and acquisitions financial restructuring public offerings public finance institutional brokerage investment management and securities research . through its principal subsidiary piper jaffray & co. the company targets corporations institutional investors and public entities . based in minneapolis minnesota piper jaffray has 54 offices in the u.s. europe and asia . 1 the company was founded in 1895 . in 2015 forbes magazine recognized piper jaffray on its list of america s 50 most trustworthy financial companies . 2 piper jaffray was also named 2014 investment bank of the year by mergers & acquisitions journal . 3 contents 1 history 2 operations 2.1 investment banking 2.2 public finance 2.3 institutional brokerage 2.4 asset management 3 industries 4 executives and directors 4.1 leadership team 4.2 board of directors 5 regulator fines 6 office locations 7 see also 8 references 9 external links history edit piper jaffray traces its roots to 1895 when george lane established george b. lane commercial paper and collateral loans & co. a commercial paper brokerage in minneapolis . in 1913 piper jaffray co. was established as another commercial paper business by h.c. piper sr. and clive palmer c.p. or palmer jaffray . in 1917 george b. lane & co. merged with piper jaffray & co. to form lane piper & jaffray . 4 the firm first obtained a seat on the new york stock exchange in 1931 with the acquisition of hopwood & company which had been devastated by the stock market crash . in 1971 piper first offered stock to the public and became a publicly held corporation known as piper jaffray & hopwood incorporated . later in 1986 piper s common stock began trading on the nasdaq under the ticker symbol pipr . in 1997 the firm was acquired by u.s. bancorp also based in minneapolis for 730 million in cash . from 1999 to 2003 the firm was known as u.s. bancorp piper jaffray . in 2003 u.s. bancorp spun off piper jaffray 5 in a stock dividend to its shareholders making the company independent once again under the symbol pjc . in 2006 the company sold its brokerage business to zurich based ubs for 510 million in cash . 6 the business had approximately 800 brokers at that time . operations edit piper jaffray new york office at 345 park ave. piper jaffray headquarters us bancorp center in downtown minneapolis piper jaffray operates principally through the following business segments investment banking edit within its investment banking division piper jaffray provides advisory and financing services involving mergers and acquisitions debt capital markets equity capital markets private placements capital advisory and restructuring corporate and venture services in 2013 piper jaffray was recognized for the second year in a row as the top healthcare investment bank by global finance magazine . 7 8 in february 2016 piper jaffray acquired houston based energy firm simmons & company international for a total consideration of approximately 139 million consisting of 91 million in cash and 48 million in restricted stock . 9 public finance edit piper jaffray underwrites debt issuances and provides financial advisory to government and not for profit entities . in 2015 piper jaffray was ranked the no. 3 underwriter of negotiated long term transactions nationwide by number of issues . 10 institutional brokerage edit piper jaffray serves institutional investors and corporate clients through the following segments equity sales and trading fixed income sales and trading securities research strategic analytics and balance sheet management asset management edit piper jaffray provides investment management and advisory services to institutional clients in the areas of equity fixed income private equity funds master limited partnership and merchant banking . in 2010 the company acquired advisory research inc. 11 a chicago based asset management firm with approximately 7.5 billion in assets under management . advisory research provides u.s. international global and mlp and energy infrastructure strategies to institutional investors . industries edit piper jaffray investment bankers focus on the following sectors agriculture and clean tech business services consumer education k 12 higher ed charter schools energy financial institutions financial sponsors healthcare hospitality industrials project finance real estate and multifamily senior living state & local government technology transportation executives and directors edit leadership team edit andrew duff chairman and ceo debbra schoneman chief financial officer chad abraham co head of investment banking and capital markets christine esckilsen chief human capital officer chris crawshaw ceo of advisory research inc. frank fairman head of public finance services john geelan general counsel jeff klinefelter global head of equities scott larue co head of investment banking and capital markets shawn quant chief information officer tom schnettler vice chairman of piper jaffray & co. brad winges head of fixed income services board of directors edit andrew duff piper jaffray companies chairman and ceo william fitzgerald chairman and ceo of ascent capital group inc. michael frazier former chairman and ceo of simmons & company international b. kristine johnson president of affinity capital management addison tad piper vice chairman and former piper jaffray companies ceo lisa polsky chief risk officer of cit group sherry smith former executive vp and cfo of supervalu inc. philip soran former president of dell compellent and former ceo of compellent technologies scott taylor executive vp general counsel and secretary of symantec corp. michele volpi ceo of betafence holdings nv and former ceo of h.b. fuller company regulator fines edit in 2002 piper jaffray was fined 25 million by state and federal regulators to settle charges that it provided biased stock ratings as part of the global analyst research settlements . other firms such as jp morgan goldman sachs merrill lynch ubs deutsche bank and morgan stanley were fined for similar reasons . the firm agreed to make structural changes relating to its research and investment banking program to restore confidence in its business . 12 office locations edit aberdeen scotland albany ny albuquerque nm alpharetta ga atlanta ga austin tx baltimore md birmingham al boca raton fl boise id boston ma charleston wv charlotte nc chicago il cleveland oh dallas tx denver co des moines ia el segundo ca hartford ct hong kong houston tx indianapolis in jacksonville fl kansas city mo london england long island ny los angeles ca memphis tn milwaukee wi minneapolis mn minneapolis mn moody al nashville tn new york ny orange county ca philadelphia pa phoenix az pittsburgh pa portland or sacramento ca san antonio tx san francisco ca seattle wa st. louis mo washington d.c. winter park fl zurich switzerland new york office 345 park ave. san francisco office 50 california st. minneapolis office 800 nicollet mall chicago office hyatt center chicago office 300 north lasalle london office 88 wood street houston office 700 louisiana st. boston office 100 federal street denver office tabor center charlotte office charlotte hines plaza charlotte office bank of america plaza philadelphia office two logan square see also edit companies portal references edit locations . piper jaffray . retrieved 1 february 2016 . forbes . forbes . retrieved 1 august 2015 . m & a mid market awards . retrieved 2015 03 15 . piper jaffray companies inc. an inventory of its records . minnesota historical society . piper jaffray completes spin off from u.s. bancorp ubs to buy wealth management unit of piper jaffray global finance world s best investment banks 2012 . retrieved 2012 02 17 . global finance world s best investment banks 2013 . retrieved 2013 02 22 . wall street journal piper jaffray to acquire simmons for energy dealmaking push . retrieved 2015 11 15 . thomson financial . retrieved 2015 12 31 . advisory research advisory research web site . piper jaffray agrees to settle charges on ratings of stocks the new york times . external links edit piper jaffray company website forbes america s 50 most trustworthy financial companies piper jaffray national teen survey the piper jaffray corporate records are available for research use at the minnesota historical society . v t e investment banks bank divisions of universal banks bulge bracket bank of america merrill lynch barclays citi institutional clients group credit suisse deutsche bank corporate and investment bank j.p. morgan & co. j.p. morgan cazenove ubs investment bank other berenberg bank bmo capital markets boc international bnp paribas corporate & institutional banking brown shipley cibc world markets citic securities clsa commerzbank corporates & markets cr dit agricole corporate and investment bank daiwa securities capital markets everbank world markets harris williams & co. hsbc global banking and markets ing commercial banking is investment kbc bank korea development bank daewoo securities lloyds bank corporate markets mitsubishi ufj securities mizuho corporate bank natixis nomura securities rbc capital markets rbs markets & international banking sberbank cib soci t g n rale corporate & investment bank standard chartered td securities unicredit corporate & investment banking vtb capital wells fargo securities independents bulge bracket goldman sachs morgan stanley other allen & company blackstone group brewin dolphin btg pactual centerview partners china international capital corporation close brothers group evercore partners everbright fbr capital markets galaxy greenhill & co. haitong securities houlihan lokey investec jefferies keefe bruyette & woods lazard macquarie group mediobanca moelis & company n m rothschild & sons oppenheimer & co. perella weinberg partners piper jaffray raymond james financial renaissance capital roth capital partners salam investment ltd. sandler o neill and partners stifel nicolaus stone key partners william blair & company category list retrieved from https en.wikipedia.org w index.php title piper jaffray & oldid 743567848 categories companies based in minneapoliscompanies listed on the new york stock exchangeinvestment banksu.s . bancorpcompanies established in 1895hidden categories pages using infobox company with unsupported parameters navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views 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