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Piper Sandler Completes Acquisition of Best-in-Class Macro Research Firm Cornerstone Macro

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Piper Sandler Companies (NYSE: PIPR) has completed the acquisition of Cornerstone Macro, enhancing its macro research capabilities. Cornerstone Macro is known for its top-ranked research in the Institutional Investor All-America Research Survey. This acquisition will integrate Cornerstone's macro insights with Piper Sandler's extensive equity derivatives trading team, which covers over 1,000 companies. The deal is expected to strengthen Piper Sandler's market position in the small & mid-cap category.

Positive
  • Acquisition enhances Piper Sandler's macro research capabilities.
  • Cornerstone Macro ranks consistently in the top three for research quality.
  • Integration expected to complement Piper Sandler's equity derivatives trading.
Negative
  • None.

MINNEAPOLIS--(BUSINESS WIRE)-- Piper Sandler Companies (NYSE: PIPR), a leading investment bank, today announced that it has completed the acquisition of Cornerstone Macro. Cornerstone Macro’s senior research analysts connect macro insights from around the world to deliver a comprehensive overview of important global trends. Cornerstone Macro will continue providing its world-class research as Piper Sandler & Co.’s macro research team, led by Nancy Lazar, Andy Laperriere, Roberto Perli and Michael Kantrowitz.

Cornerstone Macro consistently ranks in the top three annually in the Institutional Investor All-America Research Survey. Their best-in class macro research and equity derivatives trading team is an ideal complement to Piper Sandler’s single stock coverage platform, with over 1,000 companies covered and ranking No. 1 in total names under coverage in the small & mid-cap category. Learn more about our top-ranked macro analysts that provide impartial insights into economic trends, policy actions and political developments.

Piper Sandler was advised by Faegre Drinker Biddle & Reath LLP. Katten Muchin Rosenman LLP and Berkshire Global Advisors served as advisors to Cornerstone Macro in connection with the transaction.

About Piper Sandler
Piper Sandler is a leading investment bank driven to help clients Realize the Power of Partnership®. Through a distinct combination of candid counsel, focused expertise and empowered employees, we deliver insight and impact to each and every relationship. Our proven advisory teams combine deep product and sector expertise with ready access to global capital. Founded in 1895, the firm is headquartered in Minneapolis with offices across the United States and in London, Aberdeen and Hong Kong. Learn more at PiperSandler.com.

Piper Sandler Companies (NYSE: PIPR) is a leading investment bank and institutional securities firm driven to help clients Realize the Power of Partnership®. Securities brokerage and investment banking services are offered in the U.S. through Piper Sandler & Co., member SIPC and NYSE; in Europe through Piper Sandler Ltd., authorized and regulated by the U.K. Financial Conduct Authority; and in Hong Kong through Piper Sandler Hong Kong Limited, authorized and regulated by the Securities and Futures Commission. Private equity strategies and fixed income advisory services are offered through separately registered advisory affiliates.

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©2022. Since 1895. Piper Sandler Companies. 800 Nicollet Mall, Minneapolis, Minnesota 55402-7036 2/22

Pamela Steensland

Tel: 612 303-8185

pamela.steensland@psc.com

Tim Carter

Chief Financial Officer

Tel: 612 303-5607

timothy.carter@psc.com

Source: Piper Sandler Companies

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