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Piper Jaffray has hired several more executives from Sterne Agee Group, as it expands its financial institutions group.
June 9 -
A pair of senior banking analysts has left Sterne Agee to join Piper Jaffray. Mathew Kelley and Matthew Breese will oversee Piper Jaffray's equity research for depository institutions in the Northeast.
April 20 -
Sterne Agee's investment bank was among the most active last year, handling 18 deals. But the parent company's pending sale is leaving observers wondering what will happen to the people who shepherded those transactions.
March 23
Piper Jaffray has agreed to buy River Branch Holdings, a Chicago investment bank that focuses on financial institutions.
The deal, expected to close this quarter, would add resources for serving banks, thrifts and other depository institutions, Piper Jaffray said in a press release Monday. River Branch is led by David Olson, chairman and chief executive, and Steven Kent, president.
Olson would become co-head of Piper Jaffray financial institutions investment banking with Bob Hutchinson. Kent would join the firm as vice chairman of investment banking.
"Joining forces with River Branch positions us to grow more quickly by expanding our breadth and depth in the sector with a team that complements our recent hires," Chad Abraham, global co-head of Piper Jaffray investment banking and capital markets, said in the release.
Piper Jaffray, an investment bank and asset management firm based in Minneapolis, recently expanded its financial institutions group by hiring a number of
