Piper Sandler Hires Shiva Kumar as Managing Director and Head of Mobility Technology

Rhea-AI Summary

Piper Sandler Companies (NYSE: PIPR) has appointed Shiva Kumar as managing director and head of mobility technology in San Francisco. Kumar brings over 20 years of experience from his previous role as CFO at Ridecell and as a senior vice president at Jefferies. He aims to address the complex challenges in the rapidly evolving mobility sector. The firm seeks to enhance its advisory services in the electric vehicle and mobility market, emphasizing teamwork and innovative solutions for clients in this dynamic field.

Positive

• Shiva Kumar's extensive experience in investment banking and mobility technology enhances the leadership team.
• The appointment may lead to innovative solutions in the mobility sector, potentially increasing client engagements.
• Kumar's background in high-profile mobility technology transactions adds credibility to the firm's capabilities.

Negative

• Kumar's transition might create temporary continuity challenges within the mobility technology division.

MINNEAPOLIS--(BUSINESS WIRE)-- Piper Sandler Companies (NYSE: PIPR), a leading investment bank, is pleased to announce the addition of Shiva Kumar as managing director and head of mobility technology based in the San Francisco office. Shiva joins the team with over 20 years of investment banking, finance and corporate development & strategy experience in mobility and technology.

“Significant advancement in software and hardware is disrupting the mobility sector at a rapid pace, driving fundamental shift in the way we live, eat, shop, consume and travel. The innovators and disruptors in the mobility sector are facing ever complex financial and strategic challenges, and need creative, cross-industry solutions. With strong emphasis on teamwork & collaboration, Piper Sandler has developed a strong track record of putting client-first with superior financial & strategic advisory. I’m thrilled to join the firm and I look forward to partnering with those innovators and disruptors,” said Shiva Kumar.

Prior to joining Piper Sandler, Shiva was the CFO at Ridecell, where he led the company’s finance, corporate & business development, operational strategy and investor relations. He also worked at Jefferies, LLC where he was the senior vice president and co-led the mobility technology investment banking practice. Shiva earned a bachelor’s of technology in electrical engineering from Indian Institute of Technology, a masters in electrical engineering from the University of California Los Angeles and an MBA from Kellogg School of Management from Northwestern University and holds seven US patents.

“Piper Sandler has long embraced and partnered with disruptive technology companies. The pace of innovation taking place in the electric vehicle and mobility market is remarkable and dramatically changing the transportation market. We are keen to expand our strong presence in this market. Shiva has been a C-level executive as well as an advisor in a number of high-profile mobility technology transactions. We look forward to having Shiva lead our efforts in the mobility sector,” said Steven Schmidt, head of technology investment banking.

Piper Sandler’s technology investment banking team advises clients in application, infrastructure and vertical-market software, internet and digital media, communications, networking and security technologies, gaming, services, transportation technology and financial technology.

ABOUT PIPER SANDLER

Piper Sandler Companies (NYSE: PIPR) is a leading investment bank 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 the U.K. 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. Alternative asset management and fixed income advisory services are offered through separately registered advisory affiliates.

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20220516005368/en/

Pamela Steensland

Tel: 612 303-8185

pamela.steensland@psc.com

Source: Piper Sandler Companies

FAQ

Who is Shiva Kumar and what role has he been appointed to at Piper Sandler?

Shiva Kumar has been appointed as managing director and head of mobility technology at Piper Sandler.

What experience does Shiva Kumar bring to Piper Sandler?

Kumar brings over 20 years of experience in investment banking, finance, and corporate development, previously serving as CFO at Ridecell.

How will Shiva Kumar's appointment impact Piper Sandler's position in the mobility sector?

Kumar's appointment is expected to enhance Piper Sandler's advisory services and strengthen its presence in the rapidly evolving mobility technology market.

What is the focus of Piper Sandler's technology investment banking team?

The team advises clients in various technology sectors including mobility, software, and digital media.