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MINNEAPOLIS - Investment bank Piper Sandler Companies (NYSE:PIPR) announced Monday that Michael Piper will become head of fixed income in the first quarter of 2026. Piper will report to company president Deb Schoneman, according to a press release statement. The company, currently valued at approximately $5.7 billion, has shown strong financial health with a 30.3% price increase over the past six months, according to InvestingPro data.
John Beckelman, the current head of fixed income, will transition to vice chairman of fixed income capital markets, where he will serve as a senior advisor while focusing on client engagement.
"Mike has proven to be an effective leader, and we are excited for him to take the reins and grow the business to new heights," said Schoneman. She noted that Piper has successfully diversified the firm’s fixed income platform and led recruitment efforts.
Michael Piper joined the company as part of the Sandler O’Neill acquisition in 2020. His previous experience includes various roles in fixed income at Sandler O’Neill across management, sales, and trading. Earlier in his career, he worked as an analyst with Guggenheim Structured Product Asset Management and in investment strategy with Guggenheim Securities. He began his career at Bear Stearns focusing on the CLO/CDO market.
Piper is a graduate of Tulane University with a bachelor’s degree in finance and marketing.
Piper Sandler Companies provides securities brokerage and investment banking services in the United States through Piper Sandler & Co., as well as services in the U.K., EU, and Hong Kong through regional subsidiaries.
In other recent news, Piper Sandler Companies reported impressive third-quarter results for 2025, exceeding both earnings and revenue expectations. The company achieved an adjusted earnings per share of $3.82, surpassing the forecasted $3.17, and reported revenues of $479 million compared to the expected $422.8 million. Additionally, Goldman Sachs upgraded Piper Sandler’s stock from Neutral to Buy, citing anticipated capital markets growth. The investment bank projects Piper Sandler to achieve an above-average revenue compound annual growth rate of approximately 12.5% from 2024 to 2027. In a strategic move, Piper Sandler announced the hiring of Dan Bass as managing director in its financial services investment banking group. Bass, who will be based in Texas, brings over 20 years of experience and will focus on mergers and acquisitions advisory. These developments highlight Piper Sandler’s positive momentum and strategic initiatives in the financial sector.
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