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Piper Sandler Companies has made significant strides in expanding its investment banking and research capabilities. The company has increased its investment banking team, hiring experienced professionals who bring a wealth of knowledge and expertise to the table.
One notable addition is the expansion of Piper Sandler's research platform, which now offers in-depth analysis and insights on various industries and sectors. This enhanced research capability enables the company to provide clients with more comprehensive and accurate information.
The company's investment banking team has also seen significant growth, with the addition of new professionals who specialize in areas such as mergers and acquisitions, equity and debt capital markets, and advisory services.
Investment Banking
Piper Sandler Companies has a strong presence in the investment banking industry. The firm has expanded its healthcare investment banking team with the addition of John Kerins, a managing director with 10 years of experience in healthcare M&A.
Piper Sandler has also strengthened its energy, power & infrastructure investment banking group with the hiring of three key investment bankers, including Paul Leece as managing director and global head of infrastructure. This expansion enhances the firm's capabilities in traditional and renewable energy, tech, and transportation sectors.
The firm has a significant track record in debt capital markets, having executed over 550 transactions worth nearly $40 billion in gross proceeds over the past decade. Piper Sandler's partnership with BC Partners Credit aims to provide customized structures and financing solutions for financial services clients.
Investment Banking & Brokerage
Piper Sandler has been making headlines in the investment banking world. The company has announced the hiring of three key investment bankers to strengthen its energy, power & infrastructure investment banking group. These experts bring over 40 years of combined experience in mergers and acquisitions, strategic advisory, financing, and restructuring transactions.
One of the new hires, Paul Leece, joins as managing director and global head of infrastructure, bringing over 20 years of experience from UBS, Credit Agricole, and Cantor Fitzgerald. Jeremi Martin and Daniel Allmomen also join the team, with Jeremi bringing 15+ years of sector experience and Daniel bringing experience from Cantor Fitzgerald, Credit Agricole CIB, and EY.
Piper Sandler has also formed a strategic alliance with BC Partners Credit to enhance debt capital market access for financial services clients. This partnership combines Piper Sandler's expertise in financial services debt capital markets with BC Partners Credit's $8 billion credit platform.
Here are some key statistics about Piper Sandler's financial services debt capital markets expertise:
Piper Sandler's partnership with BC Partners Credit aims to provide customized structures and financing solutions to small-cap, mid-cap, and privately-owned banks. The alliance is a response to the challenges faced by these banks in executing debt financing following the 2023 Federal Reserve rate hikes and bank failures.
If you're looking for a reliable investment banking partner, Piper Sandler is definitely worth considering. Their team of experts and strategic alliances make them a strong player in the industry.
Expands Healthcare Investment Banking Team
Piper Sandler Companies has expanded their healthcare investment banking team with the appointment of John Kerins as managing director.
John Kerins brings 10 years of experience from Cain Brothers & Company, where he served as managing director in healthcare M&A, and six years at Deloitte in M&A advisory services.
The appointment aligns with the firm's focus on pharma services, a rapidly growing market segment.
Kerins will focus on the pharma services sector based in New York, leveraging his strong relationships with healthcare private equity funds.
Expands Energy Equity Research with Derek Podhaizer
Piper Sandler has expanded its energy equity research team with the addition of Derek Podhaizer as director and senior research analyst.
Derek Podhaizer brings a decade of experience from Barclays, where he served as vice president for their oilfield services equity research team.
He will focus on the oilfield services sector, which is a strategic focus for Piper Sandler, as Michael Cox, co-head of global equities, noted they are among few firms offering dedicated coverage in this sector.
Podhaizer's experience leading coverage of North America oilfield services and geothermal markets will be valuable assets to the team.
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Piper Sandler's expansion of its energy equity research team demonstrates their commitment to providing in-depth coverage of key sectors.
Their focus on oilfield services is a rapidly growing market segment, as seen in the pharma services sector, which Piper Sandler has also identified as a rapidly growing market segment.
Piper Sandler's expansion of its energy equity research team is a strategic move to stay ahead in the industry.
Leadership and Management
Piper Sandler Companies has a strong leadership team in place, with a clear hierarchy and experience. Chad Abraham has been the CEO since 2017-12-31.
The company's Directors and Managers are seasoned professionals, with a combined experience of over 30 years. Debbra Schoneman, for example, has been the Director of Finance/CFO since 2008-04-30.
Here's a breakdown of the company's leadership team:
Overall, the company's leadership team has a wealth of experience and knowledge, which is essential for its continued success.
Managers and Directors
Leadership and Management is not just about titles and positions, it's about the people who hold them. In this section, we'll take a closer look at the Managers and Directors at Piper Sandler Companies.
Chad Abraham is the CEO, or Chief Executive Officer, of the company. He's been in this role since December 31, 2017.
The Director of Finance/CFO, or Chief Financial Officer, is a crucial position in any company. At Piper Sandler Companies, there are two people holding this title: Katherine Clune, who started on December 31, 2023, and Debbra Schoneman, who has been in the role since April 30, 2008.
A Director/Board Member is responsible for guiding the company's direction and making key decisions. Jonathan Doyle and Bill Fitzgerald are two examples of people who hold this title at Piper Sandler Companies.
Here's a breakdown of the Managers and Directors at Piper Sandler Companies:
Chad Abraham also holds the title of Chairman, which he has been since December 31, 2017.
Matt Somma Joins Financial Services Group
Matt Somma has joined Piper Sandler's financial services group as managing director.
He brings nearly 20 years of experience to the role, previously serving at Truist Securities and being a founding partner at Cresset Capital.
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Somma will focus on advising asset and wealth management firms on M&A transactions and capital raises, while also providing strategic alternatives guidance to family offices.
Based in New York, he will leverage his extensive network and expertise to drive growth and success for the firm's clients.
Somma's background includes positions at J.P. Morgan, where he developed Morgan Private Ventures, and at MSD Capital, managing $2.5B AUM across public and private securities.
Frequently Asked Questions
Is Piper Sandler owned by US bank?
No, Piper Sandler is not owned by U.S. Bank, as it was spun off as an independent company in 2003. Piper Sandler was previously a subsidiary of U.S. Bancorp.
Are Piper Sandler and Piper Jaffray the same company?
Piper Sandler and Piper Jaffray are the same company, with Piper Jaffray being renamed Piper Sandler following a merger in 2020. The two companies are now one entity under the new name and ticker symbol.
Sources
- https://en.wikipedia.org/wiki/Piper_Sandler_Companies
- https://www.marketscreener.com/quote/stock/PIPER-SANDLER-COMPANIES-14017/company/
- https://www.marketscreener.com/quote/stock/PIPER-SANDLER-COMPANIES-14017/
- https://vault.com/company-profiles/commercial-banking-and-investment-banking/piper-sandler
- https://www.stocktitan.net/news/PIPR/
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