Piper Jaffray Strengthens Leadership in TMT Investment Banking.

MINNEAPOLIS -- Piper Jaffray (NYSE: PJC), announced today that it has hired Marc Steifman as managing director and head of west coast technology investment banking. Steifman will join the firm on June 27 and be based in San Francisco.

"TMT is an important growth sector and a strategic focus of our firm," said Chad Abraham, global co-head of investment banking and capital markets. "Marc will enhance our existing coverage of this dynamic sector and lead further expansion of our footprint."

"Marc's extensive transaction experience in the TMT sector and across all products will make him a valuable partner for our clients," said Mark Leavitt, global group head of TMT investment banking. "He has a proven track record and complements our existing team well."

Steifman brings 16 years of experience primarily in the electronics and hardware sector. Most recently he was managing director in technology investment banking with Jefferies, and prior to that at Bear Stearns and Prudential Securities. Steifman earned a bachelor's degree from Dartmouth College and a master's degree in business administration from the University of Chicago.

Piper Jaffray has a global TMT investment banking and capital markets team of 40. Since 2006, the team has represented clients in 125 transactions with an aggregate value of $22 billion. In addition, the firm has 11 senior research analysts, covering 173 stocks across the broad spectrum of TMT universes, including internet, software, communications, semiconductors and hardware, services, media and entertainment.

About Piper Jaffray

Piper Jaffray is a leading middle market investment bank and asset management firm serving clients in the U.S. and internationally. A proven advisory team combines deep product and sector expertise with ready access to global capital. Founded in 1895, the firm is headquartered in Minneapolis and has offices across the United States and in London and Hong Kong. www.piperjaffray.com

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