MINNEAPOLIS--(BUSINESS WIRE)--Aug. 17, 2015--
Jaffray Companies (NYSE:PJC), a leading investment bank and asset
management firm, is pleased to announce the hiring of Stuart C. Harvey
Jr. as a partner in the Piper Jaffray merchant banking group. The group
manages private equity investments in commercial businesses with strong
Harvey previously served as a managing director at Piper Jaffray from
1993-2003, and will be rejoining the firm as the merchant banking group
prepares to raise a new fund in 2016. The group closed its $100 millionPiper Jaffray Merchant Banking Fund I, L.P. in 2012.
From 2003-2010, Harvey served as CEO of Elavon Global Acquiring
Solutions, Inc., a subsidiary of U.S. Bancorp, growing revenues to more
than $1.5 billion. He joined Ceridian Corporation in 2010 where he
served as chairman, CEO and president. During his tenure, he transformed
company strategy, vision and operations on a national and international
level, leading to sharp increases in sales and operating efficiency.
Harvey also led the sale of Comdata, Inc., a Ceridian subsidiary, to
FleetCor Technologies, Inc. for $3.45 billion.
“Stuart has a proven track record for building successful companies and
he will be highly valuable as we expand our portfolio,” said Tom
Schnettler, merchant banking managing director and vice chairman of
Piper Jaffray & Co. “In less than five years, he was able to
dramatically transform the business of Ceridian Corporation, resulting
in significant increases in shareholder value. We look forward to
utilizing Stuart’s skills in creating value for our investors.”
“I am honored to be named a merchant banking partner, working alongside
Tom Schnettler, Bob Rinek and David Crosby. They are a veteran group of
individuals that is well-respected throughout the industry; their record
of investment in quality companies is very impressive and I am eager to
join them,” said Harvey.
Harvey holds a bachelor’s degree from St. John’s University, a Juris
doctorate from the George Washington University Law School and a
Master of Business Administration degree from the Kellogg School of
Management at Northwestern University. He also serves on the board of
directors for Trustwave Holdings, Inc. and the board of trustees at St.
About Piper Jaffray
Jaffray Companies (NYSE: PJC) is an investment bank and asset
management firm headquartered in Minneapolis with offices across the
U.S. and in London, Hong Kong* and Zurich. Securities brokerage and
investment banking services are offered in the United States through
Piper Jaffray & Co., member NYSE and SIPC, and in Europe through Piper
Jaffray Ltd., authorized and regulated by the Financial Conduct
Authority. Asset management products and services are offered through
three separate investment advisory affiliates registered with the U.S.
Securities and Exchange Commission: Advisory Research Inc., Piper
Jaffray Investment Management LLC and PJC Capital Partners LLC.
* License pending
Follow Piper Jaffray: LinkedIn
© 2015 Piper Jaffray Companies, 800 Nicollet Mall, Suite 1000,
Minneapolis, Minnesota 55402-7036
View source version on businesswire.com: http://www.businesswire.com/news/home/20150817005732/en/
Source: Piper Jaffray Companies
Piper Jaffray Companies
Pamela Steensland, 612-303-8185