Piper Jaffray Completes Acquisition of Weeden & Co.
PIPER JAFFRAY COMPANIES (PJC)
Last piper jaffray companies earnings: 10/30 08:00 am
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Source: Business Wire
MINNEAPOLIS--(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
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