Rosenkranz leaves Piper Jaffray

Jeff Rosenkranz has stepped down as head of M&A for middle-market investment bank Piper Jaffray. No successor has been chosen.

Rosenkranz says that the decision was voluntary and not a reflection of dissatisfaction with Piper Jaffray.

“My children are getting older, and it began occuring to me that I’d like to spend time with them while they still like spending time with me,” he said. “It was a very tough decision, but I pulled the ripcord and don’t regret it… I’ve been in this business for 22 years, and spent too much time on airplanes.”

When asked if he had another job pending, Rosenkranz insisted that his only future plans are to spend time with his family at the beach. And perhaps a bit of golf. “At this point I’ve had no conversations about another job,” he says.

Rosenkranz joined Piper Jaffray six years ago, after spending time with Merrill Lynch and Bank of New York. —Dan Primack