Trading, Sales Groups
MINNEAPOLIS, Sept. 4 /PRNewswire-FirstCall/ -- U.S. Bancorp Piper Jaffray
(Piper Jaffray) is pleased to announce the appointment of Michael Effron as
head of trading and Jim Roddy as head of sales for the Fixed Income Capital
Markets Division. Effron and Roddy replace Barry Nordstrand, who was head of
both sales and trading and was recently named president of Fixed Income
This new organization structure reflects the strong capabilities of Mike
and Jim as well as the imperative of execution excellence, said Nordstrand.
Both Mike and Jim are great advocates for the Piper Jaffray culture and I'm
confident they will excel as great team leaders.
Effron, 38, joined U.S. Bancorp Piper Jaffray in 1997 and has worked as a
senior trader and underwriter in agency trading, as well as serving as the
head of long-term taxable fixed income trading, responsible for corporate,
mortgage, agency and preferred trading desks. Prior to joining Piper Jaffray,
he was head of taxable trading at Huntington Capital Corp., in Columbus, Ohio.
He has a bachelor of science degree in finance from The Ohio State University
in Columbus, Ohio. He is based in the firm's Minneapolis office.
I'm very excited to lead this deeply talented and experienced trading
team, said Effron.
We plan to continue to expand our trading practice in
strategic areas where we can best serve our clients and continue building a
Roddy, 41, officially joined Piper Jaffray as head of institutional sales
in 2000 after spending nine years with U.S. Bancorp Investments, Inc., and
U.S. Bank's asset management and institutional trust group. He began his
career at U.S. Bancorp in 1986 as a controller for a predecessor bank in
Denver, Colo. He has a bachelor of science degree in commerce from the
University of Virginia in Charlottesville, Va. He is based in the firm's
This is a tremendous opportunity and I look forward to leading this
team, said Roddy.
With quality growth as the focus, we will build on our
areas of expertise to increase market share.
U.S. Bancorp Piper Jaffray, a subsidiary of Minneapolis-based
U.S. Bancorp (NYSE: USB) is focused securities firm comprised of three
divisions: Equity Capital Markets, Fixed Income Capital Markets and Private
Advisory Services. The firm provides a full range of investment products and
services to individuals, institutions and businesses. The firm has over
120 offices in 23 states across the country. The Equity Capital Markets
Division focuses on the needs of growth companies in the health care,
technology, financial institutions, consumer and communications growth
sectors. The firm has a national reputation for its expertise in fundamental
research and equity and debt financing. The Fixed Income Capital Markets
business provides bond issuers, individual investors and institutional
investors expertise in investment banking, underwriting, trading, sales and
research. The firm offers innovative solutions in corporate and government
debt financings with particular expertise in corporate, health care/hospitals,
real estate, higher education and government debt. The Private Advisory
Services division financial advisors provide guidance in retirement planning,
education planning, estate planning and wealth accumulation. Investors select
from a wide array of products, including fee-based products, stocks, bonds,
mutual funds, annuities, insurance and trust services. U.S. Bancorp offers a
comprehensive range of financial solutions through U.S. Bank, U.S. Bancorp
Asset Management, U.S. Bancorp Investments and U.S. Bancorp Piper Jaffray.
Securities products and services offered through U.S. Bancorp Piper Jaffray,
Inc., member SIPC and NYSE, Inc., a subsidiary of U.S. Bancorp. For more
information on U.S. Bancorp Piper Jaffray, visit www.piperjaffray.com .
Nondeposit investment products are not insured by the FDIC, are not
deposits or other obligations of or guaranteed by U.S. Bank National
Association or its affiliates, and involve investment risks, including
possible loss of the principal amount invested. Securities products and
services are offered through U.S. Bancorp Piper Jaffray Inc., member SIPC and
NYSE, Inc., a subsidiary of U.S. Bancorp. (5/99-0679)
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SOURCE U.S. Bancorp Piper Jaffray
/CONTACT: Susan Beatty, Public Relations of U.S. Bancorp Piper Jaffray,
/Web site: http://www.piperjaffray.com /
CO: U.S. Bancorp Piper Jaffray
IN: FIN PUB
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9528 09/04/2002 10:09 EDT http://www.prnewswire.com