Piper Sandler Executive and Leadership Team

October, 2026

Leadership Overview

Piper Sandler has 10 executives leading key functions including strategy, investment banking, institutional sales, and asset management.

Committed to delivering superior financial solutions, Piper Sandler empowers clients through expert advisory services, capital raising, and institutional research to drive long-term growth across diverse global markets.

Leadership Roles at Piper Sandler

  • Chief Executive Officer of Piper Heartland Healthcare Capital, Chairman of the Heartland Summit - Matthew Hemsley
  • Managing Director - Benj Becker
  • Managing Director - Adam Muro
  • Managing Director - Andrew Fair
  • Managing Director - Andrew Wislow
  • Managing Director - Austin McGuan
  • Managing Director - Donna Fruchtman
  • Managing Director - Toby AuWerter
  • Managing Director - Timothy Hoover
  • Managing Director - Christopher Cozza
  • Matthew Hemsley - Chief Executive Officer of Piper Heartland Healthcare Capital, Chairman of the Heartland Summit

    Matthew Hemsley, the Chief Executive Officer of Piper Heartland Healthcare Capital, Chairman of the Heartland Summit at Piper Sandler, directs investment strategies within the healthcare sector. Overseeing capital deployment for healthcare infrastructure, the Chief Executive Officer of Piper Heartland Healthcare Capital, Chairman of the Heartland Summit manages complex financial portfolios for non-profit and private entities. This leadership role involves identifying high-growth opportunities in senior living and medical facilities to maximize investor returns. By coordinating the Heartland Summit, Hemsley fosters collaboration among industry leaders to address critical challenges in healthcare delivery. Matthew Hemsley ensures alignment between firm capital and the evolving needs of the healthcare market. Through rigorous analysis of market trends, Hemsley optimizes asset management performance. This executive presence strengthens the firm's position as a premier advisor for healthcare organizations seeking sustainable financial growth and operational excellence across the United States.

    Benj Becker - Managing Director

    Benj Becker, the Managing Director at Piper Sandler, directs institutional sales and trading operations for fixed income products. Overseeing client relationships with public entities and institutional investors, the Managing Director executes complex trade strategies to ensure liquidity and market access. This leadership role involves navigating volatile market conditions to provide actionable research and execution services for government and non-profit clients. By leveraging deep industry expertise, Benj Becker facilitates capital raising initiatives that support municipal infrastructure projects. Becker maintains rigorous standards for trade execution, ensuring optimal pricing and risk management for all institutional portfolios. Through constant engagement with market participants, the Managing Director identifies emerging trends in debt markets. This strategic focus allows Becker to deliver tailored financial solutions that meet the specific requirements of institutional clients, ultimately driving revenue growth and maintaining the firm's reputation for excellence in fixed income advisory services.

    Adam Muro - Managing Director

    Adam Muro, the Managing Director at Piper Sandler, directs mergers and acquisitions advisory services for corporate clients. Overseeing complex transaction structures, the Managing Director manages equity and debt private placements to facilitate corporate expansion. This leadership role involves coordinating with internal research teams to provide comprehensive valuation analysis for potential deals. By identifying strategic synergies, Adam Muro assists corporations in achieving long-term growth objectives through targeted acquisitions. Muro ensures that all advisory services align with the firm's commitment to providing high-quality financial guidance. Through active management of client relationships, the Managing Director navigates regulatory landscapes to ensure seamless deal execution. Adam Muro drives the firm's investment banking capabilities by fostering trust and delivering consistent results for diverse corporate entities. This focus on strategic advisory strengthens the firm's market position, enabling Muro to deliver significant value to shareholders and clients alike through disciplined financial stewardship.

    Andrew Fair - Managing Director

    Andrew Fair, the Managing Director at Piper Sandler, directs public finance investment banking initiatives for state and local governments. Overseeing municipal bond issuances, the Managing Director manages debt restructuring advisory services for public entities. This leadership role involves analyzing fiscal health and credit profiles to optimize capital structures for infrastructure and housing projects. By providing expert guidance on municipal finance, Andrew Fair enables government entities to secure necessary funding for essential community services. Fair ensures compliance with regulatory requirements while maximizing the efficiency of debt placements. Through strategic collaboration with institutional investors, the Managing Director facilitates successful underwriting processes for various municipal issuances. Andrew Fair maintains a focus on long-term financial stability for public sector clients. This dedication to public finance excellence allows Fair to support the development of critical social services, ensuring that the firm remains a trusted partner for government entities across the United States.

    Andrew Wislow - Managing Director

    Andrew Wislow, the Managing Director at Piper Sandler, directs alternative asset management strategies for institutional investors. Overseeing merchant banking activities, the Managing Director manages capital allocation for private equity groups and outside investors. This leadership role involves evaluating investment opportunities in the healthcare and technology sectors to generate superior risk-adjusted returns. By implementing rigorous due diligence processes, Andrew Wislow ensures that all investments align with the firm's broader financial objectives. Wislow coordinates with internal teams to monitor portfolio performance and identify potential exit strategies for managed assets. Through active engagement with institutional partners, the Managing Director provides transparent reporting and strategic insights. Andrew Wislow drives the firm's alternative investment growth by identifying niche market opportunities that offer significant upside potential. This focus on disciplined asset management allows Wislow to deliver consistent value to investors, reinforcing the firm's reputation as a leader in alternative asset management and merchant banking.

    Austin McGuan - Managing Director

    Austin McGuan, the Managing Director at Piper Sandler, directs equity research and advisory services for institutional clients. Overseeing the analysis of market trends, the Managing Director manages the dissemination of actionable research to support informed investment decisions. This leadership role involves collaborating with sales and trading teams to provide comprehensive coverage of equity markets. By identifying key drivers of corporate performance, Austin McGuan assists institutional investors in navigating complex market environments. McGuan ensures that all research outputs maintain the highest standards of accuracy and objectivity. Through constant monitoring of industry developments, the Managing Director provides timely insights that help clients optimize their investment portfolios. Austin McGuan drives the firm's research capabilities by fostering a culture of analytical rigor and strategic thinking. This focus on high-quality equity research allows McGuan to deliver significant value to institutional clients, ensuring that the firm remains a preferred partner for sophisticated market participants.

    Donna Fruchtman - Managing Director

    Donna Fruchtman, the Managing Director at Piper Sandler, directs debt advisory and restructuring services for corporate and non-profit entities. Overseeing complex financial negotiations, the Managing Director manages debt private placements to improve capital efficiency. This leadership role involves assessing liquidity needs and developing strategies to optimize balance sheets for clients facing financial challenges. By providing expert guidance on debt restructuring, Donna Fruchtman enables organizations to achieve long-term sustainability and operational stability. Fruchtman ensures that all advisory services are tailored to the unique requirements of each client, whether in the education, healthcare, or hospitality sectors. Through strategic collaboration with creditors and stakeholders, the Managing Director facilitates successful debt management outcomes. Donna Fruchtman drives the firm's debt advisory capabilities by delivering clear, actionable solutions that address critical financial issues. This focus on restructuring excellence allows Fruchtman to support clients in navigating difficult economic cycles while maintaining the firm's commitment to financial integrity.

    Toby AuWerter - Managing Director

    Toby AuWerter, the Managing Director at Piper Sandler, directs over-the-counter derivative product strategies for institutional clients. Overseeing risk management solutions, the Managing Director manages the implementation of hedging strategies to mitigate market volatility. This leadership role involves designing customized derivative products that align with the specific risk profiles of corporations and institutional investors. By leveraging deep expertise in financial engineering, Toby AuWerter provides clients with the tools necessary to protect their assets and optimize their financial performance. AuWerter ensures that all derivative transactions comply with regulatory standards and firm risk policies. Through active engagement with market participants, the Managing Director identifies emerging opportunities in the derivatives space. Toby AuWerter drives the firm's derivative advisory capabilities by delivering innovative solutions that address complex financial risks. This focus on risk management excellence allows AuWerter to support clients in achieving their financial goals while maintaining the firm's reputation for sophisticated financial advisory services.

    Timothy Hoover - Managing Director

    Timothy Hoover, the Managing Director at Piper Sandler, directs capital raising initiatives for equity and debt financings. Overseeing the underwriting process, the Managing Director manages relationships with institutional investors to ensure successful capital deployment. This leadership role involves coordinating with corporate clients to structure offerings that meet market demand and achieve optimal pricing. By providing strategic guidance on capital market access, Timothy Hoover enables corporations to fund growth and expansion projects effectively. Hoover ensures that all financing activities align with the firm's commitment to providing high-quality investment banking services. Through active management of the underwriting pipeline, the Managing Director navigates market fluctuations to deliver consistent results for clients. Timothy Hoover drives the firm's capital markets capabilities by fostering strong investor relationships and maintaining a deep understanding of market dynamics. This focus on capital raising excellence allows Hoover to deliver significant value to corporate clients, reinforcing the firm's position as a leading investment bank.

    Christopher Cozza - Managing Director

    Christopher Cozza, the Managing Director at Piper Sandler, directs institutional trade execution services for equity products. Overseeing the efficiency of trading operations, the Managing Director manages the execution of large-scale orders to minimize market impact. This leadership role involves utilizing advanced trading technology to provide clients with optimal pricing and liquidity. By maintaining strong relationships with institutional investors, Christopher Cozza ensures that the firm's trading services meet the evolving needs of the market. Cozza coordinates with research and sales teams to provide a seamless trading experience for all clients. Through rigorous monitoring of trade performance, the Managing Director identifies opportunities to improve execution quality and reduce transaction costs. Christopher Cozza drives the firm's trading capabilities by fostering a culture of precision and reliability. This focus on trade execution excellence allows Cozza to deliver significant value to institutional clients, ensuring that the firm remains a trusted partner for high-volume equity trading activities.

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    Frequently Asked Questions Regarding Piper Sandler Top Executives and Leadership Team

    Who leads Piper Sandler?
    Piper Sandler is led by Matthew Hemsley (Chief Executive Officer of Piper Heartland Healthcare Capital, Chairman of the Heartland Summit), along with executives such as Benj Becker (Managing Director) and Adam Muro (Managing Director).
    Who is part of Piper Sandler’s executive team?
    The executive team of Piper Sandler includes leaders such as Matthew Hemsley (Chief Executive Officer of Piper Heartland Healthcare Capital, Chairman of the Heartland Summit), Benj Becker (Managing Director), Adam Muro (Managing Director) and other senior executives.
    How many executives does Piper Sandler have?
    Piper Sandler has 10 executives leading key business areas.
    What roles are included in Piper Sandler’s leadership team?
    The leadership team of Piper Sandler includes roles such as Chief Executive Officer of Piper Heartland Healthcare Capital, Chairman of the Heartland Summit, Managing Director, Managing Director, Managing Director, Managing Director.