Piper Jaffray Appoints Doug Cameron to Boost Global Leadership in Renewable Energy...

Fri Aug 1, 2008 8:59am EDT

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Piper Jaffray Appoints Doug Cameron to Boost Global Leadership in Renewable Energy and Clean Technology

MINNEAPOLIS--(Business Wire)--
Piper Jaffray, a global leader in renewable energy and clean
technology, announced today the addition of one of the leading figures
in this emerging industry, Doug Cameron, as managing director and
chief science advisor. Cameron formerly served as the chief scientific
officer at Khosla Ventures and was director of biotechnology at
Cargill. He will work with Lois Quam, leader of strategic investing
for green economy and health at Piper Jaffray, in building the firm's
global franchise in renewable energy and clean technology.

"The creation and growth of companies in the green economy is the
economic opportunity of our lifetime," said Quam. "Doug operates in
all the scientific and business areas related to this space. Together,
we will deliver on the full breadth of opportunities in energy
efficiency, clean technology and renewable energy businesses. These
opportunities are driven by multiple, enduring and inter-related
factors: oil supply and price issues, climate change, government
actions, consumer and business demand, and world population growth."

At Piper Jaffray, Cameron will work with the firm's
industry-leading clean technology and renewable energy investment
banking team in the origination and diligence of global opportunities.
He will also explore alternative investments and other opportunities
for the firm.

"Doug's unique position as a scientist and business person who has
worked in this industry since its creation is a remarkable asset for
Piper Jaffray," said Murray Huneke, co-head of investment banking at
Piper Jaffray & Co. "His experience in China and other global settings
provides a great benefit to us given our significant investment
banking business in clean technology and renewable energy in China.
His expertise will also allow us to assist our clients in traditional
industry sectors who are seeking to respond to the environmental and
natural resource imperatives they face."

Cameron received his bachelor's degree in biomedical engineering
from Duke University and Ph.D. in biochemical engineering from the
Massachusetts Institute of Technology. He will start with Piper
Jaffray on Aug. 11 and will be based in Minneapolis.

"I am delighted to join a global financial services firm with a
long history, breadth of offerings, and thought leadership in
renewable energy and clean technology," said Cameron. "I look forward
to working with my colleagues to achieve the full potential of this
space and enhance the firm's global leadership."

Piper Jaffray & Co. has been the number one U.S clean technology
underwriter since 2006(a) and boasts an international clean technology
and renewables team that stretches from Asia to Europe to the United
States and includes project finance, investment banking, research, and
sales and trading professionals. In addition, the firm's private
capital team launched the first U.S.-based clean technology fund of
funds in 2005. Cameron's appointment follows the hiring of Michael
Covington as the head of Piper Jaffray Ltd's European clean technology
and renewables investment banking earlier this year.

(a) Source: Thompson Financial. Ranked by number of deals as of
12/5/2007

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.
With headquarters in Minneapolis, Piper Jaffray has 25 offices across
the United States and international locations in London, Hong Kong,
and Shanghai. Piper Jaffray & Co. is the firm's principal operating
subsidiary. (http://www.piperjaffray.com)

Piper Jaffray
Media Relations:
Rob Litt, 612-303-8266