"Piper Jaffray Aims for Big Splash Handling Bank M&A"
Below is an excerpt:
Several recent developments are giving ambitious investment banks an opportunity to do more business with financial institutions.
Piper Jaffray in Minneapolis is among the firms eager to grab a piece of that business. The company, which has historically handled very little business for banks, recently went on a hiring spree, snagging a number of banking analysts and investment bankers from Sterne Agee Group. Its agreement to buy River Branch Holdings, a boutique firm in Chicago, should help it make bigger strides.
"It is an industry with a lot of change," Ken Hallett, national chair of the Quarles & Brady business law group, said. "Any time there's change there can be transactions, and therefore opportunities."