Victor Caruso Joins Piper Jaffray

Victor Caruso has joined Piper Jaffray as a New York-based managing director with the firm’s financial restructuring team. He previously was a managing director with Morgan Joseph & Co.

PRESS RELEASE

Piper Jaffray announced Victor Caruso has joined the firm’s financial restructuring team as a managing director in the New York office.

Caruso brings to Piper Jaffray more than 25 years of experience providing strategic financial restructuring advice to management teams, investor groups and other constituencies in Asia, Europe and North America. Most recently, he was a managing director at Morgan Joseph & Co. where he developed and implemented the firm’s restructuring practice. He was previously a partner at Gordian Group LLC, a managing director at Bear, Stearns & Co. Inc., and was a founding member of the Lehman Brothers restructuring group.

“With over 25 years of experience, Vic has significant financial restructuring capabilities with companies ranging from those in the middle market to the Fortune 500 across a broad range of industries and geographies,” said Murray Huneke, co-head of investment banking at Piper Jaffray & Co. “His extensive background will allow us to expand our differentiated and integrated advisory strategy, which combines our strong advisory, restructuring and capital markets platforms to best serve our clients.”

Caruso was awarded Deal of the Year by Mergers & Acquisitions Magazine in 2001, and has been recognized as one of the top investment bankers in the restructuring field by The Deal magazine. Over his career, Caruso has worked with companies such as Abercrombie & Fitch, AK Steel Company, Alamo National Car Rental, Crystal Brands, Morrison Knudsen Group, Ticor Title Insurance Co., Spiegel Corporation and United Airlines. He earned a bachelor’s degree in business from Miami University in Ohio and a Master of Business Administration degree from the University of Chicago.

About Piper Jaffray

Piper Jaffray Companies (NYSE: PJC) is a leading, international middle market investment bank and institutional securities firm, serving the needs of middle market corporations, private equity groups, public entities, nonprofit clients and institutional investors. Founded in 1895, Piper Jaffray provides a comprehensive set of products and services, including equity and debt capital markets products; public finance services; mergers and acquisitions advisory services; high-yield and structured products; institutional equity and fixed-income sales and trading; and equity and high-yield research. With headquarters in Minneapolis, Piper Jaffray has 28 offices across the United States and international locations in London, Hong Kong and Shanghai. Piper Jaffray & Co. is the firm’s principal operating subsidiary. (www.piperjaffray.com)