Piper Sandler Expands Merchant Banking Group with the Addition of Toby AuWerter

Rhea-AI Impact

(Low)

Rhea-AI Sentiment

(Neutral)

Tags

08/14/2025 - 09:00 AM

MINNEAPOLIS--(BUSINESS WIRE)-- Piper Sandler Companies (NYSE: PIPR), a leading investment bank, is pleased to announce the hiring of Toby AuWerter as a managing director in the merchant banking group. He will be based in the Minneapolis office.

“We are very excited that Toby is joining the Piper Sandler merchant banking group. His operating, consulting and investing experience will prove valuable in augmenting our team’s investment capabilities, especially in the healthcare sector. Toby will play a key role in originating the remaining investments in PSMB Fund III and will be a vital member of our team as we look toward fundraising for PSMB Fund IV,” said Ted Christianson, managing director in the merchant banking group.

AuWerter brings unique perspective, comprehensive experience and substantial industry knowledge to the firm. Prior to joining, he served as investment director at Endeavour Vision, where he originated investments in growth stage healthcare companies. Before that, AuWerter was a consultant at McKinsey & Company based in the Minneapolis office, focused on the pharmaceuticals and medical products (PMP) practice. AuWerter also worked in operating roles for St. Jude Medical and Juventas Therapeutics. AuWerter served on boards of various healthcare companies such as Kestra Medical Technologies, Inc., HealthJoy, LLC and Nalu Medical, Inc.

Piper Sandler Merchant Banking (PSMB) is the growth equity investment arm of Piper Sandler. The team strives to partner with founders and chief executive officers of growing, commercial stage businesses that can benefit by leveraging the firm’s knowledge, experience, capital and relationships to build market leading enterprises. We provide investment advisory services through the affiliated registered investment adviser, PSC Capital Partners LLC. For more information, click this link.

ABOUT PIPER SANDLER

Piper Sandler Companies (NYSE: PIPR) is a leading investment bank driven to help clients Realize the Power of Partnership®. Securities brokerage and investment banking services are offered in the U.S. through Piper Sandler & Co., member SIPC and NYSE; in the U.K. through Piper Sandler Ltd., authorized and regulated by the U.K. Financial Conduct Authority; in the EU through Aviditi Capital Advisors Europe GmbH, authorized and regulated by BaFin as a tied agent of AHP Capital Management GmbH; and in Hong Kong through Piper Sandler Hong Kong Limited, authorized and regulated by the Securities and Futures Commission. Alternative asset management and fixed income advisory services are offered through separately registered advisory affiliates.

Follow Piper Sandler: LinkedIn | Facebook | X