Piper Jaffray hired Bruce Urbanek as a managing director in its Financial Institutions Investment Banking group focused on financial technology coverage. He will be based in the firm’s New York office.

Prior to joining Piper Jaffray, Urbanek was a director and co-founder of the financial technology investment banking practice at Houlihan Lokey. Previously, he was a vice president in the Financial Institutions Group at Goldman Sachs and had positions within the Financial Institutions and Technology groups at Citigroup Global Markets. Over the course of his career, Urbanek has advised on a wide variety of M&A and capital-raising transactions for clients in the payments, financial processing, lending and capital markets sectors.

“Since entering the financial institutions space in 2015, we have been very focused on the convergence of banks and payment systems along with the broader technology marketplace,” said Chad Abraham, global co-head of investment banking and capital markets at Piper Jaffray.

The FIG investment banking team consists of 27 dedicated professionals with 11 senior calling officers. The group has executed more than 361 M&A transactions totaling more than $280 billion in deal value.