Daily News: September 9, 2019

Piper Jaffray Completes Acquisition of Weeden

Piper Jaffray has completed its purchase of Weeden, a broker-dealer focused on providing institutional clients with premier global trading solutions.

Weeden will convert to and operate as Piper Jaffray.

“Together, we will be able to offer our combined client set the full breadth of an expanded product suite including Weeden & Co.’s highly ranked agency execution platform coupled with Piper Jaffray’s industry-leading deep sector research making our offering far more robust and relevant,” said Deb Schoneman, president of Piper Jaffray.

The combined trading platform will be led by Weeden’s current CEO, Lance Lonergan, who will join Piper Jaffray as the firm’s head of global equity execution.