Piper Jaffray has hired Maureen Decker to lead business development for FAMCO, a wholly owned asset management subsidiary of Piper Jaffray Companies. In her new role, Ms Decker will focus on developing relationships with institutional clients and consultants. She will report to Wiley Angell, chief executive officer of FAMCO and be located in Connecticut.

Ms Decker brings 17 years of industry experience to FAMCO. Most recently she was marketing director at Invesco, where she focused on institutional products and services.

Mr Angell said: “Maureen brings tremendous experience in marketing institutional products and services. She has a reputation for building strong business relationships and collaborating with clients. I look forward to partnering with her to increase awareness of FAMCO and our institutional products.”

Ms Decker said: “I was attracted to FAMCO because of the client orientation that permeates the organization. FAMCO has smart, passionate and tenured investment professionals, and the firm has a reputation for high ethical standards.”

FAMCO, a federally registered investment advisor, manages or supervises approximately $14 billion in assets through flex core equity, master limited partnerships, fixed income, balanced and quantitative equity strategies for institutional clients and high net worth individuals.