MINNEAPOLIS --(BUSINESS WIRE)--Feb. 7, 2013-- Piper Jaffray (NYSE: PJC), a leading investment bank and asset management firm, announced that Philip Soran joined its board of directors and has been appointed to the audit committee , effective February 5, 2013 .

Philip Soran most recently served as president of Dell Compellent until his retirement in March 2012 . He co-founded Compellent Technologies, Inc. in 2002 where he was president, chief executive officer and director until the company was acquired by Dell in February 2011 . Prior to that, he was the co-founder, president, chief executive officer and a director for data-storage products maker, Xiotech Corp. which was later acquired by Seagate .

Commenting on Soran’s appointment, Piper Jaffray Companies chairman and CEO, Andrew Duff stated, “We welcome Philip’s wealth of experience and proven leadership. His expertise in building and growing successful companies will serve the board well.”

Soran is a current board member of SPS Commerce, Inc. , Hutchinson Technology, Inc. and Help/Systems LLC . He holds a bachelor’s degree in education from the University of Northern Colorado .

About Piper Jaffray
Piper Jaffray is a leading investment bank and asset management firm serving clients in the U.S. and internationally. Proven advisory teams combine deep industry, product and sector expertise with ready access to capital. Founded in 1895, the firm is headquartered in Minneapolis and has offices across the United States and in London and Zurich . www.piperjaffray.com

© 2013 Piper Jaffray Companies

Source: Piper Jaffray Companies

Piper Jaffray Companies
Pamela Steensland, +1 612-303-8184