Jeff A. Rosenkranz Joins U.S. Bancorp Piper Jaffray as Co-Head of Middle

August 26, 2002

Market Mergers and Acquisitions Group

CHICAGO, Aug. 26 /PRNewswire-FirstCall/ -- U.S. Bancorp Piper Jaffray (Piper Jaffray) is pleased to announce that Jeff A. Rosenkranz has joined the firm as a managing director in the firm's middle market mergers and acquisitions (M&A) group.  He will lead Piper Jaffray's Chicago investment banking office, and with Glenn Gurtcheff, will co-head Piper Jaffray's middle market M&A effort.  Gurtcheff is based in the firm's Minneapolis headquarters office.

Rosenkranz, 38, has 16 years of middle market corporate finance experience and joins Piper Jaffray from Merrill Lynch & Co., in Chicago and New York, where he was a managing director in their exclusive sales group.  During his 14-year tenure at Merrill, Rosenkranz represented numerous Fortune 500 companies, private equity groups and entrepreneurs in the sale of businesses and originated and closed over $2 billion of transactions in the last three years.  In addition to his extensive M&A expertise, Rosenkranz has also been involved in private placements and has managed a subordinated debt investment fund.  His M&A experience spans across many industries including industrial, consumer, transportation, business services and health care.  Before joining Merrill in 1988, Rosenkranz was with the Bank of New York in New York in the corporate finance group.

Given Piper Jaffray's consistent leading presence in middle market M&A, we view Jeff's hiring as a perfect strategic fit for the firm, said Thomas Schnettler, president of U.S. Bancorp Piper Jaffray's Equity Capital Market Division.  His solid relationships and proven expertise within the middle market M&A arena will enable us to continue to gain share in this area.

Having spent my whole career serving middle market companies, I am excited to be joining Piper Jaffray with its tremendous reputation in the middle market and its talented team in the M&A group, said Rosenkranz.

Rosenkranz holds a bachelor of science degree in business administration from Washington University, in St. Louis, Mo., and a master of business administration from the Johnson Graduate School of Management at Cornell University in Ithaca, N.Y.  He resides in Glencoe, Ill., with his wife and two children.

U.S. Bancorp Piper Jaffray, a subsidiary of Minneapolis-based

U.S. Bancorp (NYSE: USB), is a focused securities firm comprised of three divisions: Equity Capital Markets, Fixed Income Capital Markets and Private Advisory Services.  The firm provides a full range of investment products and services to individuals, institutions and businesses.  The firm has over
120 offices in 23 states across the country.  The Equity Capital Markets Division focuses on the needs of growth companies in the health care, technology, financial institutions, consumer and communications growth sectors.  The firm has a national reputation for its expertise in fundamental research and equity and debt financing.  The Fixed Income Capital Markets business provides bond issuers, individual investors and institutional investors expertise in investment banking, underwriting, trading, sales and research.  The firm offers innovative solutions in corporate and government debt financings with particular expertise in corporate, health care/hospitals, real estate, higher education and government debt.  The Private Advisory Services division financial advisors provide guidance in retirement planning, education planning, estate planning and wealth accumulation.  Investors select from a wide array of products, including fee-based products, stocks, bonds, mutual funds, annuities, insurance and trust services.  U.S. Bancorp offers a comprehensive range of financial solutions through U.S. Bank, U.S. Bancorp Asset Management, U.S. Bancorp Investments and U.S. Bancorp Piper Jaffray. For more information on U.S. Bancorp Piper Jaffray, visit . Non-deposit investment products are not insured by the FDIC, are not deposits or other obligations of or guaranteed by U.S. Bank National Association or its affiliates, and involve investment risks, including possible loss of the principal amount invested.

Nondeposit investment products are not insured by the FDIC, are not deposits or other obligations of or guaranteed by U.S. Bank National Association or its affiliates, and involve investment risks, including possible loss of the principal amount invested.  Securities products and services are offered through U.S. Bancorp Piper Jaffray Inc., member SIPC and NYSE, Inc., a subsidiary of U.S. Bancorp.   (5/99-0679)


SOURCE  U.S. Bancorp Piper Jaffray

    -0-                             08/26/2002

/CONTACT:  Dana H. Wade, Public Relations of U.S. Bancorp Piper Jaffray, +1-650-838-1329/

/Web site:  /


CO:  U.S. Bancorp Piper Jaffray
ST:  Minnesota

-- MNM007 --
9646 08/26/2002 10:03 EDT


By selecting Continue, you will leave U.S. Bank and enter a third-party Web site. U.S. Bank is not responsible for the content of, or products and services provided by Intuit, nor does it guarantee the system availability or accuracy of information contained in the site. This Web site is not controlled by U.S. Bank. Please note that the third party site may have privacy and information security policies that differ from those of U.S. Bank.