Piper Jaffray Appoints Chad Abraham as Chairman of the Board, and Announces Andrew Duff's Retirement from the Board of Direct...
February 22 2019 - 8:00AM
Business Wire
Piper Jaffray Companies (NYSE: PJC) announced today that Chad
Abraham, chief executive officer, has been named chairman of the
board of directors, effective at the annual meeting of shareholders
on May 17, 2019. Andrew Duff, chairman of the board, will retire
from the board of directors at the annual meeting, having served 16
years as chairman. Phil Soran will continue as the board’s lead
independent director.
“The board has the utmost confidence in Chad’s ability to create
long-term value, balancing both growth and governance, for the
benefit our shareholders, employees, and clients,” said Phil Soran.
“The board would like to thank Andrew for his outstanding and
dedicated years of service to Piper Jaffray and the board.”
“I am honored to have served on the board with my fellow
directors these many years, and for the opportunity to work
alongside so many talented employees throughout my career at Piper
Jaffray,” said Andrew Duff. “I look forward to watching the
company’s continued success under Chad’s leadership.”
Abraham began his career at Piper Jaffray in 1991 as an
investment banking analyst. He was named CEO in January 2018. Prior
to that he was the global co-head of investment banking and capital
markets since 2010. He graduated from Northwestern University with
a bachelor’s degree in economics and political science. Abraham
serves on the board of trustees of the Nature Conservancy’s
Minnesota, South Dakota and North Dakota chapter and The Blake
School.
“I am honored to be named chairman of Piper Jaffray Companies,
and would like to thank the board for this opportunity, and in
particular, Andrew, who has provided invaluable guidance over the
past year,” said Chad Abraham. “I look forward to building on all
of the success and growth we have achieved, and working with my
fellow directors in the years ahead.”
ABOUT PIPER JAFFRAY
Piper 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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Since 1895. Member SIPC and NYSE. © 2019 Piper Jaffray
Companies, 800 Nicollet Mall, Suite 1000, Minneapolis, Minnesota
55402-7036
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Tim CarterChief Financial OfficerTel: 612
303-5607timothy.l.carter@pjc.com
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