MINNEAPOLIS--(BUSINESS WIRE)--Piper Jaffray Companies (NYSE: PJC), a leading investment bank and asset management firm, is pleased to announce the hiring of Pat Toutant as a principal in fixed income services and manager of the Piper Jaffray private client fixed income platform. Based in the Minneapolis office, Toutant will focus on high-net-worth private clients who have an expressed interest in fixed income products.
Toutant brings nearly 40 years of experience as a financial advisor. He joins Piper Jaffray from Oak Ridge Financial, where he served as executive vice president and head of its private client group. Prior to that, Toutant worked as both a manager and producer at Piper Jaffray and Stifel Nicolaus.
“Pat joining our team means we are now able to connect the full spectrum of institutional client to private client with our fixed income product offerings,” said John Miller, head of institutional sales at Piper Jaffray.
Brad Winges, head of fixed income services, added, “In the quickly changing environment for fixed income and interest rates, we believe the high-net-worth client will be well-served by Pat and the team offering institutional level advice, products and execution. Piper Jaffray’s presence in the municipal sector is a clear example of where high-net-worth private clients will benefit by talking directly to one of our trusted sales representatives.”
Toutant is a graduate of the University of St. Thomas, as well as the Securities Industry Institute and Financial Consultant program through the Wharton School at the University of Pennsylvania. In 2017, he was named an honorary alumnus at the University of Wisconsin - Eau Claire.
About Piper Jaffray
Piper Jaffray Companies (NYSE: PJC) is a leading investment bank and asset management firm. Securities brokerage and investment banking services are offered in the U.S. through Piper Jaffray & Co., member SIPC and FINRA; in Europe through Piper Jaffray Ltd., authorized and regulated by the U.K. Financial Conduct Authority; and in Hong Kong through Piper Jaffray Hong Kong Limited, authorized and regulated by the Securities and Futures Commission. Asset management products and services are offered through five separate investment advisory affiliates―U.S. Securities and Exchange Commission (SEC) registered Advisory Research, Inc., Piper Jaffray Investment Management LLC, PJC Capital Partners LLC and Piper Jaffray & Co., and Guernsey-based Parallel General Partners Limited, authorized and regulated by the Guernsey Financial Services Commission.
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