Piper Jaffray Completes Acquisition of Weeden & Co.
August 05 2019 - 8:00AM
Business Wire
Piper Jaffray Companies (NYSE: PJC) a leading investment bank
and institutional equities firm, announced today it has completed
its purchase of Weeden & Co., a broker-dealer focused on
providing institutional clients with premier global trading
solutions. Weeden & Co. will convert to and operate as Piper
Jaffray & Co.
The combination of Weeden & Co. and Piper Jaffray, along
with the recently announced merger with Sandler O’Neill, creates a
market-leading equities business. “Together, we will be able to
offer our combined client set the full breadth of an expanded
product suite including Weeden & Co.’s highly ranked agency
execution platform coupled with Piper Jaffray’s industry-leading
deep sector research making our offering far more robust and
relevant,” said Deb Schoneman, president of Piper Jaffray.
The combined trading platform will be led by Weeden & Co.’s
current CEO, Lance Lonergan, who will join Piper Jaffray as the
firm’s head of global equity execution.
ABOUT PIPER JAFFRAY
Piper Jaffray Companies (NYSE: PJC) is a leading investment bank
and institutional securities firm driven to help clients Realize
the Power of Partnership®. 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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version on businesswire.com: https://www.businesswire.com/news/home/20190805005136/en/
Pamela Steensland Tel: 612 303-8185
pamela.k.steensland@pjc.com
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