HONG KONG, Aug 10, 2010 (BUSINESS WIRE) --

Piper Jaffray announced today that K.B. Teo joined the firm as head of technology, media & telecommunications (TMT) and clean technology in Asia. Teo is based in Hong Kong.

"Our mission is to connect capital with opportunity and China's development and demand for capital is unmatched," said Alex Ko, head of Piper Jaffray Asia. "K.B.'s experience and leadership will drive our effort in the TMT and clean technology sectors, where we see particular opportunity. We intend to continue to expand our presence in the Greater China region across investment banking, sales and trading, and research."

Mark Leavitt and Dave Castagna, global co-heads of TMT, and Chris McCabe, global head of clean technology, added a joint comment: "Piper Jaffray offers clients global capabilities with deep local expertise. K.B. has a strong client focus, and we are delighted that he has joined our global TMT and clean technology team."

Teo has more than eight years of investment banking experience across the Asia region. Prior to joining Piper Jaffray, Teo was an investment banker at Goldman Sachs and, prior to that, Deutsche Bank. He has significant experience in equity and debt financing as well as mergers and acquisitions. Teo holds a bachelor's degree from Oxford University and a Masters of Business Administration degree from the Kellogg School of Management.

About Piper Jaffray

Piper Jaffray Companies (NYSE: PJC) is a leading, international investment bank and institutional securities firm, serving the needs of corporations, private equity groups, public entities, nonprofit clients and institutional investors. Founded in 1895, Piper Jaffray provides a broad set of products and services, including equity and debt capital markets products; public finance services; financial advisory services; equity and fixed-income institutional brokerage; equity research and fixed income analytics; and asset management services. Piper Jaffray headquarters are located in Minneapolis, Minnesota, with offices across the U.S. and in London and Hong Kong. Piper Jaffray & Co. is the firm's principal operating subsidiary. (www.piperjaffray.com)

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SOURCE: Piper Jaffray

Piper Jaffray
Jennifer A. Olson-Goude, 612-303-6277
Investor and Media Relations