Investment bank and asset manager Piper Jaffray Companies has named David D. Olson as vice chairman of the financial institutions group. Olson is the former chairman and CEO of River Branch Holdings LLC.
MINNEAPOLIS–(BUSINESS WIRE)–Piper Jaffray Companies (NYSE: PJC), a leading investment bank and asset management firm, announced today that David D. Olson has been named vice chairman of the financial institutions group (FIG). In his new role, Olson will help drive new business initiatives across investment banking, fixed income and equities in the FIG space. Olson will report to Stuart C. Harvey, Jr., president and chief operating officer.
“David brings a wealth of financial institutions domain experience that will help coordinate our product initiatives across equities, fixed income and merchant banking. Our entire financial institutions practice will be the beneficiaries of his experience,” said Harvey.
Previously, Olson was chairman and chief executive officer of River Branch Holdings LLC before its sale in September 2015 to Piper Jaffray & Co. He was previously the chairman and chief executive officer of Guggenheim Merchant Banking, the private equity arm of Guggenheim Capital in New York and Chicago.
Olson came to Guggenheim with over 25 years of experience on Wall Street in transactions and management positions. He was Credit Suisse First Boston’s chairman of investment banking for the Asia-Pacific region. Prior to CSFB’s merger with Donaldson, Lufkin & Jenrette, he held a number of senior executive positions at DLJ, most recently serving as chairman and chief executive officer of the firm’s Asia-Pacific region. During the 1990s, Olson was co-head of DLJ’s financial institutions group and the firm’s Chicago investment banking office.
About Piper Jaffray
Piper Jaffray Companies (NYSE: PJC) is a leading investment bank and asset management firm. Securities brokerage and investment banking services are offered in the U.S. through Piper Jaffray & Co., member SIPC and FINRA; in Europe through Piper Jaffray Ltd. and Simmons & Company International Limited, authorized and regulated by the U.K. Financial Conduct Authority; and in Hong Kong through Piper Jaffray Hong Kong Limited, authorized and regulated by the Securities and Futures Commission. Asset management products and services are offered through five separate investment advisory affiliates―U.S. Securities and Exchange Commission (SEC) registered Advisory Research, Inc.; Piper Jaffray Investment Management LLC, PJC Capital Partners LLC and Piper Jaffray & Co.; and Guernsey-based Parallel General Partners Limited, authorized and regulated by the Guernsey Financial Services Commission.