Piper Jaffray Completes Acquisition of BMO Capital Markets GKST
October 13 2015 - 8:30AM
Business Wire
Piper Jaffray Companies (NYSE: PJC), a leading investment bank
and asset management firm, today completed its purchase of BMO
Capital Markets GKST Inc. (“GKST”), BMO Capital Markets’ municipal
bond sales, trading and origination business. The transaction
follows last month’s closing of Piper Jaffray’s acquisition of
another Chicago-based firm, River Branch Holdings LLC.
The GKST acquisition, which was announced in July, adds depth
and breadth to Piper Jaffray’s fixed income institutional sales,
trading and underwriting platform, in addition to increasing the
firm’s public finance presence in the Illinois market. It will also
strengthen the firm’s strategy and analytics capabilities as it
continues to build out its financial institutions franchise.
“We are pleased to welcome GKST to our firm. As we bring our
talented teams and capabilities together, we will provide broader
and stronger fixed income offerings for clients, while expanding
our presence in the Chicago market,” said Andrew Duff, chairman and
CEO of Piper Jaffray.
Terms of the transactions were not disclosed.
About Piper JaffrayPiper 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
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Piper Jaffray CompaniesPamela Steensland,
612-303-8185pamela.k.steensland@pjc.com
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