MINNEAPOLIS--(BUSINESS WIRE)--Sep. 30, 2015--
Piper
Jaffray Companies (NYSE: PJC), a leading investment bank and asset
management firm, announced today it has completed its purchase of River
Branch Holdings LLC, a Chicago-based investment banking boutique
that serves clients in the financial institutions industry.
The transaction was announced
in July soon after Piper Jaffray expanded its financial institutions
group (FIG) with the addition
of five managing directors from Sterne Agee. Piper Jaffray also
plans to complete its acquisition
of BMO Capital Markets GKST Inc., another Chicago-based company in
the fourth quarter.
David Olson, former River Branch Holdings chairman and CEO, and Steven
Kent, former president, will be joining Piper Jaffray as the co-head of
financial institutions investment banking and vice chairman of
investment banking respectively.
“We are pleased to complete the acquisition of River Branch Holdings and
eager to welcome David’s and Steve’s expert team,” said Andrew
Duff, chairman and CEO of Piper Jaffray. “This acquisition is highly
additive as we pursue the financial services sector more aggressively
and grow our Chicago presence.”
Financial terms of the transactions are undisclosed.
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, Zurich and Hong Kong. Securities brokerage and
investment banking services are offered in the United States through
Piper Jaffray & Co., member NYSE and SIPC, in Europe through Piper
Jaffray Ltd., authorized and regulated by the Financial Conduct
Authority, and in Hong Kong through Piper Jaffray Hong Kong, authorized
and regulated by the Securities and Futures Commission. 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.
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© 2015 Piper Jaffray Companies, 800 Nicollet Mall, Suite 1000,
Minneapolis, Minnesota 55402-7036
View source version on businesswire.com: http://www.businesswire.com/news/home/20150930006708/en/
Source: Piper Jaffray Companies
Piper Jaffray Companies
Pamela Steensland, 612-303-8185
pamela.k.steensland@pjc.com
