Stephen Manaker Joins as REITs Research Analyst
MINNEAPOLIS, Oct. 9 /PRNewswire-FirstCall/ -- U.S. Bancorp Piper Jaffray
(Piper Jaffray) today expanded its fixed income research platform to include
coverage of real estate investment trusts (REITs). The firm is pleased to
announce that Steve Manaker has joined the Fixed Income Capital Markets
Division as a research analyst covering the REIT industry. He will be located
in the firm's New York office in the Chrysler Building.
Prior to joining U.S. Bancorp Piper Jaffray, Stephen was a research
analyst covering REITs at Bear Stearns & Co., Inc., in New York for 18 months.
He also spent three years covering REITs at CIBC Oppenheimer & Co., Inc., also
based in New York.
We are thrilled to have Stephen join our research department, said Joel
Denney, director of fixed income research.
Stephen has tremendous experience
in the REIT sector and will be a welcomed addition to our fixed income
research team. The REIT sector represents an important addition to our
current fixed income coverage in the aircraft finance, energy and
telecommunications sectors and reinforces our commitment to providing the most
valuable in-depth research coverage on the Street.
Manaker holds a bachelor of arts degree in history with a minor in Russian
language and literature from Binghamton University in Binghamton, N.Y., a
master of arts in history from the University of Pittsburgh in Pittsburgh,
Pa., and a master of science in real estate from New York University in New
York. He holds the Chartered Financial Analyst designation.
I look forward to starting research coverage of the REIT industry and
expanding the already established and talented research team, said Manaker.
There are tremendous opportunities within the REIT space and I am excited to
bring my background and knowledge of the industry to Piper Jaffray.
U.S. Bancorp Piper Jaffray, a subsidiary of Minneapolis-based
U.S. Bancorp (NYSE: USB), is a 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 .
Non-deposit 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.
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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 RLT
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4005 10/09/2002 10:27 EDT http://www.prnewswire.com