MINNEAPOLIS
--(BUSINESS WIRE)--Aug. 17, 2015--
Piper
Jaffray Companies
(NYSE:PJC), a leading investment bank and asset
management firm, is pleased to announce the hiring of
Stuart C. Harvey
Jr. as a partner in the
Piper Jaffray
merchant banking group. The group
manages private equity investments in commercial businesses with strong
growth prospects.
Harvey previously served as a managing director at
Piper Jaffray
from
1993-2003, and will be rejoining the firm as the merchant banking group
prepares to raise a new fund in 2016. The group closed its
$100 million
Piper Jaffray Merchant Banking Fund I, L.P.
in 2012.
From 2003-2010, Harvey served as CEO of
Elavon Global Acquiring
Solutions, Inc.
, a subsidiary of
U.S. Bancorp
, growing revenues to more
than
$1.5 billion
. He joined
Ceridian Corporation
in 2010 where he
served as chairman, CEO and president. During his tenure, he transformed
company strategy, vision and operations on a national and international
level, leading to sharp increases in sales and operating efficiency.
Harvey also led the sale of
Comdata, Inc.
, a Ceridian subsidiary, to
FleetCor Technologies, Inc.
for
$3.45 billion
.
“Stuart has a proven track record for building successful companies and
he will be highly valuable as we expand our portfolio,” said
Tom
Schnettler
, merchant banking managing director and vice chairman of
Piper Jaffray & Co.
“In less than five years, he was able to
dramatically transform the business of
Ceridian Corporation
, resulting
in significant increases in shareholder value. We look forward to
utilizing Stuart’s skills in creating value for our investors.”
“I am honored to be named a merchant banking partner, working alongside
Tom Schnettler
,
Bob Rinek
and
David Crosby
. They are a veteran group of
individuals that is well-respected throughout the industry; their record
of investment in quality companies is very impressive and I am eager to
join them,” said Harvey.
Harvey holds a bachelor’s degree from St. John’s University, a
Juris
doctorate
from the
George Washington University Law School
and a
Master of Business Administration degree from the
Kellogg School of
Management
at
Northwestern University
. He also serves on the board of
directors for
Trustwave Holdings, Inc.
and the board of trustees at St.
John’s University.
About
Piper Jaffray
Piper
Jaffray Companies
(NYSE: PJC) is an investment bank and asset
management firm headquartered in
Minneapolis
with offices across the
U.S. and in
London
,
Hong Kong
* and
Zurich
. Securities brokerage and
investment banking services are offered in
the United States
through
Piper Jaffray & Co.
, member
NYSE
and
SIPC
, and in
Europe
through
Piper
Jaffray Ltd.
, authorized and regulated by the
Financial Conduct
Authority
. 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
.
* License pending
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© 2015
Piper Jaffray Companies
, 800 Nicollet Mall, Suite 1000,
Minneapolis, Minnesota
55402-7036
View source version on businesswire.com:
http://www.businesswire.com/news/home/20150817005732/en/
Source:
Piper Jaffray Companies
Piper Jaffray Companies
Pamela Steensland, 612-303-8185
pamela.k.steensland@pjc.com
