Piper Jaffray adds 3 California public finance bankers

By Julie A. Miller

Washington, July 21 - Piper Jaffray & Co. has hired three public finance bankers from UBS in a move that it says is intended to further strengthen its municipal finance business and its large issuer business in the California region.

Bernie Mikell, Russell Reyes and Rosalyn Chen join nine other recent public finance banking hires in California. Piper Jaffray now has 25 bankers serving California and the surrounding region.

Mikell, a banker at UBS, joins Piper Jaffray as a senior vice president in the Sacramento, Calif., office. He will be responsible for developing new business with large issuers and leading the firm's efforts in building the municipal finance banking business at the state level.

Reyes was part of the western infrastructure group at UBS, with experience in general obligation, COP/lease revenue, water/wastewater and pension obligation bonds. He will primarily concentrate on coverage of large issuers in the western region.

Chen was an associate director on UBS' land-secured financing team. She will work out of the Orange County, Calif. office, covering municipalities and land-based finance.

Piper Jaffray is an international middle-market investment bank and institutional securities firm with headquarters in Minneapolis.

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