MINNEAPOLIS--(BUSINESS WIRE)--Aug. 5, 2019-- (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 ONeill, 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 Jaffrays 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 firms head of global equity execution.
ABOUT PIPER JAFFRAY
(NYSE: PJC) is a leading investment bank and institutional securities firm driven to help clients Realize the Power of Partnership簧. 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 affiliatesU.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.
Follow Piper Jaffray: | |
Since 1895. Member SIPC and NYSE. 穢 2019 Piper Jaffray Companies, 800 Nicollet Mall, Suite 1000, Minneapolis, Minnesota 55402-7036
View source version on businesswire.com:
Source: Piper Jaffray Companies
Pamela Steensland
Tel: 612 303-8185
pamela.k.steensland@pjc.com
