Piper Sandler Co`S - PIPR STOCK NEWS

Piper Sandler Companies (NYSE: PIPR) has announced the addition of Brian Vescio as managing director and head of structured products trading to its fixed income team. Vescio, who will be based in New York, is returning to Piper Sandler after previously spending four years with the firm.

Mike Piper, managing director and head of non-depository fixed income at Piper Sandler, expressed excitement about Vescio's return, citing his familiarity with the client base and suitability for the leadership role. Vescio joins from StoneX Group Inc., where he was managing director and head of structured credit. His previous experience includes leading non-agency mortgage and asset-backed securities at Sandler O'Neill and Piper Sandler, as well as heading non-agency mortgage trading at Nomura Securities.

Vescio holds an MBA from Fordham University and a bachelor's degree from Villanova University.

Piper Sandler Companies (NYSE: PIPR), a leading investment bank, has announced it will release its third quarter 2024 financial results before the market opens on Friday, October 25, 2024. The earnings release will be available on the company's website at pipersandler.com/earnings. A conference call to review the financial results will be hosted by key executives, including Chad Abraham (chairman and CEO), Deb Schoneman (president), and Kate Clune (CFO), at 9 a.m. ET (8 a.m. CT) on the same day.

Investors and analysts can participate in the live conference call by dialing 888 204-4368 (U.S.) or +1 773 305-6853 (outside U.S.) with passcode 2158059. A live audio webcast will also be available on the company's website. For questions about accessing the call, contact Piper Sandler Investor Relations at investorrelations@psc.com.

Piper Sandler has completed its 48th semi-annual Taking Stock With Teens® survey, partnering with DECA to gather insights from over 13,500 U.S. teens. The survey, conducted in fall 2024, reveals key trends in teen spending and preferences:

- Teen self-reported spending increased 4% to $2,361 compared to the spring survey.
- Nike remains the top brand for apparel and footwear.
- New Balance improved to third place in footwear, doubling its mindshare to 8%.
- Amazon is the top shopping website among upper-income teens.
- The beauty category reached its highest spending levels since 2018 at $342.
- TikTok is the favorite social app, followed by Instagram and Snapchat.
- 87% of teens own an iPhone, with 30% planning to upgrade their Apple hardware.
- Netflix leads in daily video consumption.
- Chick-fil-A is the preferred chain restaurant, followed by McDonald's and Chipotle.
- Teens prefer energy drinks over coffee and soda.

Hormel Foods (NYSE: HRL) has elected Debbra Schoneman, president of Piper Sandler Companies, to its Board of Directors, effective September 21, 2024. Schoneman joins the Audit and Governance Committees of the board. With 34 years of experience at Piper Sandler, including roles as president and CFO, she brings extensive expertise in finance and corporate development.

Jim Snee, chairman, president, and CEO of Hormel Foods, expressed enthusiasm about Schoneman's addition to the board, highlighting her potential contribution to the company's ongoing transformation and growth. Schoneman's background includes board service in public, private, and philanthropic sectors, including her current roles on the Allina Health board and the University of St. Thomas board of trustees.

Piper Sandler Companies (NYSE: PIPR) has announced the election of Ann Gallo to its board of directors. Gallo brings extensive experience from her recent role as senior managing director and partner at Wellington Management Company, LLP, where she led the healthcare team managing over $60 billion in assets. Her expertise spans healthcare services, medical technology, and portfolio management.

Gallo's 25-year tenure at Wellington included serving on key committees and co-founding their private equity franchise. Prior to Wellington, she held positions at Alex. Brown & Sons and Piper Sandler. Chad Abraham, Piper Sandler's chairman and CEO, highlighted Gallo's valuable healthcare knowledge and financial services leadership as significant assets to the board, particularly given healthcare's importance to Piper Sandler's investment banking, public finance, and research businesses.

Piper Sandler Companies (NYSE: PIPR) has announced the addition of Steve Tipler as a managing director in their financial sponsors group. Tipler, with over 20 years of experience, was previously the head of North American private equity at Lazard Frères & Co. This move strengthens Piper Sandler's financial sponsors team and is expected to drive more opportunities for the entire investment banking group.

The announcement comes on the heels of Piper Sandler's recent acquisition of Aviditi Advisors, which will operate as the private capital advisory group in investment banking. This acquisition enhances Piper Sandler's ability to provide full lifecycle services to financial sponsor clients, including fundraising, secondary capital advisory, capital solutions, and GP stakes advisory.

Piper Sandler Companies (NYSE: PIPR) has strengthened its public finance team with the addition of Joe Kinder and Brent Blevins as managing directors. Both will focus on Missouri school districts and other governmental issuers, co-heading the Missouri public finance business. Kinder, with 17 years of experience, joins from Stifel Financial Corp., while Blevins brings five years of public finance experience and a background in education administration.

Kinder's expertise includes financial matters, bond elections, and budget management for Missouri school districts. Blevins specializes in developing financial plans and debt issuance for capital projects. Their combined experience and strong relationships are expected to contribute to Piper Sandler's goal of growing a national leading public finance franchise.

Scientia Vascular, a leader in neurovascular innovation, has secured $14 million in growth financing led by Piper Sandler Merchant Banking. This funding will support Scientia's ongoing commercialization of advanced neurovascular tools, enhancing treatment options for various cerebral vascular diseases. The company is known for its microfabrication technology, offering a comprehensive portfolio of neurovascular guidewires and developing highly differentiated micro and aspiration catheters.

Scientia recently launched its Plato 17 and Socrates 38 neurovascular catheters. The investment from Piper Sandler Merchant Banking aims to accelerate Scientia's growth and further its mission of developing state-of-the-art technology for patients with unmet needs. This partnership aligns with Piper Sandler's strategy of investing in companies with strong teams, innovative technology, and significant market opportunities.

Piper Sandler Companies (NYSE: PIPR) has appointed David Hunker as managing director and global head of activist defense and shareholder engagement within its investment banking platform. Hunker brings 18 years of experience in investment banking and shareholder activism defense. Prior to joining Piper Sandler, he was head of shareholder activism defense at Ernst & Young Capital Advisors and spent 15 years at J.P. Morgan Securities, where he founded and led their global shareholder activism defense practice.

James Baker, global co-head of investment banking and capital markets at Piper Sandler, emphasized the increasing importance of shareholder activism preparation and defense. Hunker expressed excitement about joining Piper Sandler, citing the firm's reputation as a trusted advisor and commitment to partnership as key factors in his decision.