Piper Jaffray Adds Deutsche Bank's Keith Anderson for Dealmaking

  • Anderson will build information-driven health-care business
  • Keith Anderson will also focus on pharma-services sector

Piper Jaffray Cos., the securities firm founded in 1895, hired Deutsche Bank AG’s Keith Anderson as managing director in the health-care investment banking group.

Anderson will focus on the information-driven health-care and pharma-services industries, the Minneapolis-based company said Monday in a statement. At Deutsche Bank, he led coverage of health-care information technology, according to the statement.

Chief Executive Officer Andrew S. Duff has been bolstering Piper Jaffray’s operations through acquisitions and staff additions as larger rivals scale back. He announced an agreement this month to buy Simmons & Co. for dealmaking in the energy industry, and has brought on staff from firms including Sterne Agee Group.

“Keith has a strong IPO and extensive lead-advisory track record, which illustrates our goal of adding senior banking talent to further expand our growing equity and M&A businesses,” Chad Abraham, global co-head of the Piper Jaffray investment banking and capital markets group, said in the statement. “We view the health IT sector as a significant opportunity.”

Deutsche Bank hired health-care investment banker Shawn Cross from Wells Fargo & Co., a person familiar with the move said in September. Troy Gravitt, a spokesman for the Frankfurt-based bank, declined to comment.

Deutsche Bank has announced plans to cut staff, and co-CEO John Cryan said this month that bankers still make too much money.

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