MINNEAPOLIS - U.S. Bancorp Piper Jaffray, the brokerage unit of U.S. Bancorp, on Wednesday named president Andrew Duff to be chief executive officer as well.Mr. Duff, 42, is a 20-year veteran of the company.

He succeeds Addison L. Piper, 53, who remains chairman. A spokeswoman said Mr. Piper will take a sabbatical of two or three months and then focus on client development and retention.

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