American asset manager Piper Jaffray has appointed Tim Carter as its new CFO, replacing Deb Schoneman who will now become the firm’s global equities head.

Carter will assume the new role on 1 January 2018 and will report to the firm’s chairman and CEO, Andrew Duff.

Carter currently holds the role of senior vice president of finance and treasurer at Piper Jaffray, where he has been working for 22 years. He has held several leadership roles in finance at the firm including controller, chief accounting officer and treasurer.

Before working at Piper Jaffray, Carter served in public accounting at Deloitte.

“Tim is an accomplished leader who brings more than 27 years of corporate finance and accounting experience. During his two decades with Piper Jaffray, he has played a key role in multiple strategic corporate development actions that have helped shape the firm’s success,” Duff noted.