U.S. Bancorp Piper Jaffray Asset Management was adopted as the name...

U.S. Bancorp Piper Jaffray Asset Management was adopted as the name for the newly merged asset management units of U.S. Bancorp and Firstar. The two businesses, whose parent firms merged Feb. 27, were combined May 1. U.S. Bancorp Piper Jaffray Asset manages $21 billion in U.S. institutional tax-exempt assets, according to data from Pensions & Investments. The company is based in Minneapolis, said Elizabeth Child, vice president, public relations.