Piper Jaffray appoints CEO Chad Abraham to additional role of Chairman of the Board alongside Phil Soran as Lead Independent Director

– USA, MN –  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.”

About Chad Abraham

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 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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