Tim Carter Named Chief Financial Officer of Piper Jaffray
November 21 2017 - 8:30AM
Business Wire
A 22-year veteran of the firm, Carter has
held various leadership positions in finance, including controller,
chief accounting officer and treasurer
Piper Jaffray Companies (NYSE: PJC), a leading investment bank
and asset management firm, today announced the appointment of Tim
Carter as chief financial officer, effective January 1, 2018.
Carter will oversee all financial operations and report directly to
Piper Jaffray chairman and CEO Andrew Duff.
“Tim is an accomplished leader who brings more than 27 years of
corporate finance and accounting experience. During his two decades
with Piper Jaffray, he has played a key role in multiple strategic
corporate development actions that have helped shape the firm’s
success,” said Duff. “As our business pursues the next phase of
growth, his expertise and leadership will be critical.”
Carter currently serves as senior vice president of finance and
treasurer at Piper Jaffray, as well as a member of the firm’s
leadership team, responsible for all treasury, accounting, market
& credit risk and financial planning & analysis functions.
He has held various leadership positions in finance, including
controller, chief accounting officer and treasurer. Carter also
provides support and financial expertise to the Piper Jaffray
Foundation. Prior to joining Piper Jaffray, Carter worked in public
accounting at Deloitte. He graduated from Gustavus Adolphus College
with a bachelor’s degree in accounting and is a licensed CPA.
Carter also serves on the board of College Possible Minnesota and
was previously board chair.
“Piper Jaffray has achieved record growth over the past few
years, and now could not be a more exciting time for the firm,”
Carter said. “I look forward to leveraging our momentum, advancing
our strategic objectives and positioning the business for future
success.”
As part of the firm’s planned succession, Carter assumes the CFO
position from Deb Schoneman, who will remain at Piper Jaffray as
global head of equities. Schoneman has served as CFO since 2008,
and added oversight of the global equities organization to her role
in June 2017. She will continue working closely with Carter through
year-end to ensure a successful transition.
“I am thrilled to be leading our equity sales, trading and
research franchise during a time when this business is seeing major
transformation,” Schoneman said. “I have confidence in Tim’s
ability to drive the firm’s strategic initiatives through effective
capital management, financial discipline and strong leadership
skills.”
“We thank Deb for her inventiveness and leadership as CFO. With
her operational expertise and strategic acumen, she is the ideal
leader to oversee our equities group,” Duff added. “These
leadership changes underscore our commitment to elevating talented
partners internally and capturing human capital opportunities that
position us for long-term success.”
About Piper JaffrayPiper Jaffray Companies (NYSE: PJC) is
a leading investment bank and asset management firm. Securities
brokerage and investment banking services are offered in the U.S.
through Piper Jaffray & Co.,
member SIPC and FINRA; in Europe through Piper
Jaffray Ltd., authorized and regulated by the U.K. Financial
Conduct Authority; and in Hong Kong through Piper Jaffray Hong Kong
Limited, authorized and regulated by the Securities and Futures
Commission. Asset management products and services are offered
through five separate investment advisory affiliates―U.S.
Securities and Exchange Commission (SEC) registered Advisory
Research, Inc., Piper Jaffray Investment Management LLC, PJC
Capital Partners LLC and Piper Jaffray & Co., and
Guernsey-based Parallel General Partners Limited, authorized and
regulated by the Guernsey Financial Services Commission.
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© 2017 Piper Jaffray Companies, 800 Nicollet Mall, Suite 1000,
Minneapolis, Minnesota 55402-7036
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version on businesswire.com: http://www.businesswire.com/news/home/20171121005226/en/
Piper Jaffray CompaniesPamela Steensland,
612-303-8185pamela.k.steensland@pjc.com
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