Piper Sandler investment bank has appointed Matt Somma as a managing director of its financial services group.
The firm reported US$241 million in investment banking revenue in Q3 2024, up 12% year-on-year.
Based in New York, Somma is responsible for advising asset and wealth management firms on M&A transactions and capital raises. He will also advise family offices and their portfolio companies on strategic alternatives.
He reports to Bill Burgess and Scott Clark, co-heads of investment banking, and joins division leader Aaron Dorr, managing director and head of asset and wealth management investment banking.
“[Somma] is one of the most well-connected bankers in the family office and private wealth management industry and will be a great complement to our current team,” Burgess and Scott commented.
Somma has more than 20 years of industry experience and joins Piper Sandler from Truist Securities, where he was a managing director in the private institutional capital group. Before this, he was a founding partner and head of business development at multi-family office Cresset Capital and covered New York, London and Hong Kong family offices at JP Morgan.
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