Piper Jaffray Cos. said Tuesday Chairman and Chief Executive Andrew Duff will retire from his CEO role, a position he’s held since 2000. The investment bank and asset management company said it named Chad Abraham as CEO, effective Jan. 1. Duff will remain as chairman. Abraham is currently the global co-head of investment banking and capital markets. The company also named current Chief Financial Officer Deb Schoneman as president, effective Jan. 1. The stock is currently halted for news. It has soared 45% over the past three months, to be up 7.7% year to date, while the SPDR Financial Select Sector ETF has climbed 20% so far this year and the S&P 500 has gained 18%.
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