MINNEAPOLIS --(BUSINESS WIRE)--Aug. 5, 2019-- 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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Source: Piper Jaffray Companies

Pamela Steensland
Tel: 612 303-8185
pamela.k.steensland@pjc.com