Piper Sandler

#2937

Rank

$4.2B

Marketcap

United States

Country

Leadership team

Mr. Chad R. Abraham (Chairman & CEO)

Mr. Jonathan Jay Doyle (Vice Chairman, Sr. Managing Principal & Head of Financial Services Group)

Ms. Debbra Lynn Schoneman (Pres & MD)

Products/ Services

Banking, CleanTech, Financial Services, Marketing

Number of Employees

1,000 - 20,000

Headquarters

Aberdeen, Aberdeen City, United Kingdom

Established

1895

Company Registration

SEC CIK number: 0001230245

Net Income

100M - 500M

Revenue

Above - 1B

Traded as

PIPR

Social Media

URL

https://www.pipersandler.com

Overview

Location

Recognition and Award

References

Summary

Piper Sandler Companies operates as an investment bank and institutional securities firm that serves corporations, private equity groups, public entities, non-profit entities, and institutional investors in the United States and internationally. The company offers investment banking and institutional sales, trading, and research services for various equity and fixed income products. It provides advisory services, such as mergers and acquisitions, equity private placements, and debt and restructuring advisory; raises capital through equity and debt financings; underwrites municipal issuances; and offers municipal financial advisory and loan placement services, as well as various over-the-counter derivative products. The company also offers public finance investment banking services that focus on state and local governments, and cultural and social service non-profit entities, as well as the education, healthcare, hospitality, senior living, and transportation sectors. In addition, it provides equity and fixed income advisory and trade execution services for institutional investors, and government and non-profit entities. Further, the company is involved in the alternative asset management funds merchant banking and healthcare to invest firm capital and to manage capital from outside investors, as well as trading activities. The company was formerly known as Piper Jaffray Companies and changed its name to Piper Sandler Companies in January 2020. Piper Sandler Companies was founded in 1895 and is headquartered in Minneapolis, Minnesota.

History

Piper Sandler traces its roots to 1895 when George Lane established George B. Lane, Commercial Paper and Collateral Loans & Co., a commercial paper brokerage, in Minneapolis. In 1913, Piper, Jaffray Co. was established as another commercial paper business by H.C. Piper Sr. and Clive Palmer Jaffray. In 1917, George B. Lane & Co. merged with Piper, Jaffray & Co. to form Lane, Piper & Jaffray.The firm first obtained a seat on the New York Stock Exchange in 1931 with the acquisition of Hopwood & Company, which had been devastated by the stock market crash. In 1971, Piper first offered stock to the public and became a publicly held corporation known as Piper, Jaffray & Hopwood Incorporated. Later, in 1986, Piper's common stock began trading on the NASDAQ under the ticker symbol PIPR. In 1997, the firm was acquired by U.S. Bancorp, also based in Minneapolis, for $730 million in cash. From 1999 to 2003, the firm was known as U.S. Bancorp Piper Jaffray. In 2003, U.S. Bancorp spun off Piper Jaffray in a stock dividend to its shareholders, making the company independent once again under the symbol PJC. In 2006, the company sold its brokerage business to Zurich-based UBS for $510 million in cash. The business had approximately 800 brokers at that time.

On July 9, 2019, Piper Jaffray announced they were purchasing fellow investment bank Sandler O'Neill for $485M. The new combined entity was going to be named Piper Sandler Cos, and Piper Jaffray CEO Chad Abraham would continue to lead the combined company.

Mission

At Piper Sandler, our mission is to create a powerful financial future for our clients through the relentless pursuit of innovation, independent thinking, quality service and the highest standards of integrity.

Vision

Our vision is to build relationships with clients that last generations, create a culture that encourages innovation and perseverance, and develop powerful insights that help our clients succeed.

Key Team

Mr. Timothy Lee Carter (MD & CFO)

Mr. James P. Baker (MD and Global Co-Head of Investment Banking & Capital Markets)

Mr. Shawn Quant (MD and Chief Information & Operations Officer)

Mr. John W. Geelan (MD, Gen. Counsel & Sec.)

Ms. Christine N. Esckilsen (Chief Human Capital Officer & MD)

Mr. Thomas Patrick Schnettler J.D. (Vice Chairman & MD of Merchant Banking Group)

Mr. Robert P. Rinek (Managing Director of the Merchant Banking Group)

Recognition and Awards

Piper Sandler has been recognized for its stellar performance and long-standing commitment to excellence by numerous groups in the financial services industry. Piper Sandler is a two-time recipient of the Global Investment Banking Leadership Award, awarded to outstanding investment banks on five continents, and has received recognition from Investment Dealers’ Digest, as well as Global Finance Magazine.