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Piper Jaffray names CEO, president

Piper Jaffray Cos.'s board has elected Chad Abraham as CEO and Deb Schoneman as president, effective Jan. 1, 2018.

Abraham is currently the firm's global co-head of investment banking & capital markets and Schoneman is currently the CFO and global head of equities.

Current Chairman and CEO Andrew Duff will remain chairman of the Piper Jaffray's board and retire as CEO. Tim Carter will assume the CFO position from Schoneman.

Further, President and COO Stuart Harvey has decided to leave the company, effective Dec. 31, due to disagreements between Piper Jaffray and Harvey about "approaches to strategy and leadership," the company said.