Piper Jaffray Expands Healthcare Investment Banking by Adding West Coast Calling Officer

  Piper Jaffray Expands Healthcare Investment Banking by Adding West Coast
  Calling Officer

Business Wire

MINNEAPOLIS -- November 26, 2012

Piper Jaffray (NYSE: PJC) today announced that Jeff Ammerman joined as a
principal in the healthcare investment banking group. Ammerman will lead
coverage of the specialty pharmaceuticals universe and be based in San

“We are excited to have Jeff join our team,” commented Chad Abraham, global
co-head of investment banking and capital markets at Piper Jaffray.
“Healthcare is a strategically critical industry for our firm and we have a
highly ranked advisory and equities business. The specialty pharmaceutical
universe has been a target area for us and matches up well with our existing
coverage. Also, expanding our healthcare reach to San Francisco demonstrates
our long-term commitment to the Piper Jaffray healthcare franchise.”

Bob DeSutter, global head of healthcare investment banking added, “Our
healthcare group is a market-leading platform, serving emerging growth and
established clients broadly across life sciences and healthcare services.
Jeff’s experience serving clients with advisory as well as the full suite of
capital market products provides a great fit with our platform.”

Ammerman brings over 12 years of healthcare investment banking experience to
Piper Jaffray. He joins the firm from Jefferies, where he was a senior calling
officer in the global healthcare group. Over the last six years with
Jefferies, Ammerman was instrumental in building the healthcare team, both
domestically and internationally, and served as a founding member of the
international healthcare group in London.

Piper Jaffray has a global healthcare investment banking and capital markets
team of 45. Since 2007, the team has represented clients in 191 transactions
with an aggregate value of $32 billion. In addition, the firm has nine senior
research analysts, covering a broad spectrum of universes, including medical
technology, drug discovery, medical diagnostics, life science tools, specialty
pharmaceuticals, biotechnology, and healthcare services, including information
technology, alternate site providers and contract research.

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

Since 1895. Member SIPC & NYSE.
© 2012 Piper Jaffray & Co.


Piper Jaffray:
Bob DeSutter, 612-303-6392
Global Head of Healthcare Investment Banking
Jennifer A. Olson-Goude, 612-303-6277
Investor Relations and Corporate Communications
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