Piper Jaffray Companies announced that David D. Olson has been named vice chairman of the financial institutions group (FIG). In his new role, Olson will help drive new business initiatives across investment banking, fixed income and equities in the FIG space. Olson will report to Stuart C. Harvey, Jr., president and chief operating officer. Previously, Olson was chairman and chief executive officer of River Branch Holdings LLC before its sale in September 2015 to Piper Jaffray & Co. He was previously the chairman and chief executive officer of Guggenheim Merchant Banking, the private equity arm of Guggenheim Capital in New York and Chicago.