Piper Jaffray Hires Public Finance Investment Banker, Greg O’Stean

Piper Jaffray (NYSE: PJC) is pleased to announce the addition of Greg O’Stean as a senior vice president within the hospitality group. His addition is an integral component of the firm’s hospitality finance growth plans. O’Stean will be based in the firm’s Atlanta office, responsible for new business development, owner relations and strategic opportunities for the Piper Jaffray hospitality group.

O’Stean is a veteran hospitality professional with 25 years of experience in the sector. O’Stean began his career with Ernst & Young’s real estate group and later worked with IHG, Starwood Hotels & Resorts Worldwide, GE Capital and most recently, as CFO and principal of Access Point Financial, a hotel lender. He has been providing leadership in commercial real estate for more than two decades with a broad background in hotel finance, acquisitions, development, capital markets and asset management.

Over the last 15 years, the Piper Jaffray hospitality group has been the leading financier of convention and conference center hotels via public-private partnerships, and has recently diversified its business to include private hotel projects. The addition of O’Stean will allow the firm to accelerate the growth of this business segment.

“As a firm, we remain committed to strategically growing our hospitality finance franchise,” said Frank Fairman, head of Piper Jaffray public finance. “Greg’s track record and experience will play a major role in driving our hospitality efforts forward while further expanding capabilities for our clients.”

About Piper Jaffray Piper Jaffray is a leading investment bank and asset management firm serving clients in the U.S. and internationally. Our proven advisory teams combine deep industry, product and sector expertise with ready access to capital. Founded in 1895, the firm is headquartered in Minneapolis and has offices across the United States and in London and Zurich. www.piperjaffray.com

Since 1895. Member SIPC and NYSE. © 2013 Piper Jaffray Companies, 800 Nicollet Mall, Suite 1000, Minneapolis, Minnesota 55402-7020

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