Piper Jaffray & Co. has opened a new office in Charlotte, N.C., and made its first four hires as the investment bank continues its national expansion and strengthens its presence in the municipal trading and sales arena.

Piper Jaffray has hired Mark Cantrell as managing director and head of municipal secondary trading. Cantrell also serves on the fixed-income services operating committee. He comes from BB&T Capital Markets, where he was most recently head municipal trader.

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