1.78%XLF 20.53 6.48%QQQQ 45.97 2.38%
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MINNEAPOLIS (AP) - Investment banking firm Piper Jaffray Cos. said Friday it named Thomas Schnettler as president and chief operating officer.
| PJC | 28.57 |  2.44 |
Schnettler, 51, most recently served as vice chairman and chief financial officer at Piper Jaffray.
In the new position, he will focus on expanding the company's investment banking and institutional securities business.
Debbra Schoneman will replace Schnettler as chief financial officer. Schoneman, 40, previously served as a managing director and treasurer for Piper Jaffray.
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