Piper Jaffray Continues to Grow its Industrial Growth Team with Addition of Michael Coyne to Focus on Transportation and Logistics

NEW YORK--(Business Wire)--
Piper Jaffray & Co. continued to grow its industrial growth team with the
addition of Michael Coyne who will lead the firm`s transportation and logistics
business. Coyne joins Piper Jaffray as a managing director and will work out of
the firm`s New York office. He will report to Larry Zimmerman who recently
joined the firm as the head of industrials and financial sponsor coverage
business.

Coyne brings more than 13 years experience to Piper Jaffray where he advised in
deals with public and private equity, mergers and acquisitions, leveraged
finance investment grade debt and restructuring and convertible securities.
Coyne joins Piper Jaffray after serving as an independent consultant for public
logistic companies. Prior to that, he was a managing director in transportation
and logistics at Bear, Stearns & Co., and was a director of equity capital
markets at Deutsche Bank Securities.

"Adding Michael Coyne to our industrials team is an important step as he is a
talented and experienced leader with broad product and sector expertise in the
transportation and logistics area," Zimmerman said. "Michael`s ability to bring
innovative and constructive financing ideas to clients combined with his global
experience will be a great asset for our clients and team."

Coyne earned a bachelor`s of science degree in finance from Penn State
University.

About Piper Jaffray

Piper Jaffray Companies (NYSE: PJC) is a leading, international middle market
investment bank and institutional securities firm, serving the needs of middle
market corporations, private equity groups, public entities, nonprofit clients
and institutional investors. Founded in 1895, Piper Jaffray provides a
comprehensive set of products and services, including equity and debt capital
markets products; public finance services; mergers and acquisitions advisory
services; high-yield and structured products; institutional equity and
fixed-income sales and trading; and equity and high-yield research. Piper
Jaffray headquarters are located in Minneapolis, Minnesota, with offices across
the U.S. and in London, Hong Kong and Shanghai. Piper Jaffray & Co. is the
firm`s principal operating subsidiary. (www.piperjaffray.com)

Since 1895. Member SIPC and FINRA.
© 2009 Piper Jaffray & Co., 800 Nicollet Mall, Suite 800, Minneapolis, Minnesota
55402-7020

Piper Jaffray Companies
Rob Litt, 612-303-8266

Copyright Business Wire 2009