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Piper Sandler Expands Financial Services Equity Research Team with the Addition of Manuel Navas

1. Piper Sandler appointed Manuel Navas as a senior research analyst. 2. Navas will focus on research for regional and community banks. 3. He previously worked at D.A. Davidson and BMO Capital Markets. 4. The firm expects Navas to significantly contribute to its success. 5. Piper Sandler has a strong reputation in financial services research.

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FAQ

Why Bullish?

Navas' strong industry connections may enhance research quality and client trust, which historically has contributed to increased market performance for similar firms.

How important is it?

The hiring of a reputable analyst with strong ties could improve PIPR's overall market perception and client relations.

Why Long Term?

The impact of hiring skilled analysts generally unfolds gradually over time as their insights influence investment decisions and firm reputation.

Piper Sandler Companies (NYSE:PIPR), a leading investment bank, is pleased to announce the addition of Manuel Navas as managing director and senior research analyst to the financial services equity research group. Navas will be based in the New York office and will cover regional and community banks.

"We are thrilled to welcome Manuel to our financial services team. Over his career, Manuel has built strong relationships with the companies he covers and we are confident that our broader platform will enable him to become a strong contributor," said Michael Cox, co-head of global equities at Piper Sandler.

Prior to joining Piper Sandler, Navas was a managing director and senior research analyst at D.A. Davidson, where he covered Mid-Atlantic banks. Before that, Navas worked as a research associate at BMO Capital Markets. He received a bachelor's degree in international business from The University of Maryland and earned his Master of Business Administration degree from New York University's Stern School of Business.

"Piper Sandler has long been known for its tremendous financial services equity research and I am excited to join this industry leading group. I look forward to building on the continued success of the firm and its clients," said Navas.

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; in the EU through Aviditi Capital Advisors Europe GmbH, a tied agent of AHP Capital Management GmbH, authorized and regulated by BaFin; and in Hong Kong through Piper Sandler Hong Kong Ltd., authorized and regulated by the Securities and Futures Commission. Alternative asset management and fixed income advisory services are offered through separately registered advisory affiliates.

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Nick Lawler

Tel: 212 891-8954

nick.lawler@psc.com

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