JMP Group Expands Convertible Securities Sales and Trading Capabilities
15 Juli 2009 - 10:15PM
Business Wire
JMP Group Inc. (NYSE: JMP), an investment banking and
alternative asset management firm, announced today that JMP
Securities has expanded its convertible securities sales and
trading operation through the addition of four senior
professionals: Daniel White, Christopher Maher, Taylor Reed and
Brian Sullivan. All four are based in the firm�s San Francisco
headquarters.
�We are pleased to announce the hiring of Dan, Chris, Taylor and
Brian to build out the convertible sales and trading platform at
JMP,� said Mark Lehmann, co-president of JMP Securities and the
firm�s director of equities. �This move adds to our existing
convertible product distribution capabilities and complements our
equity brokerage activities. We have been able to capitalize on
industry turmoil by assembling a team of top-tier professionals who
significantly enhance JMP�s convertible sales capabilities and
match them with dedicated convertible trading expertise.�
�The expansion of JMP�s convertible sales and trading platform
will support the convertible product origination effort led by
JMP�s capital markets and investment banking groups in recent
years,� said Carter Mack, JMP Securities� co-president and director
of investment banking. �Convertible securities are a key source of
capital for growing companies, and our new team�s extensive
institutional relationships should benefit our corporate clients.
JMP�s recent roles as a co-manager of Cash America�s $115 million
convertible note offering and as co-bookrunner for NorthStar Realty
Finance�s $80 million exchangeable note offering represent the kind
of dialogue we�re currently having with many prospective issuers,
and JMP is now even better positioned to serve their needs.�
Daniel White joins JMP Securities as a managing director and
director of convertible sales and trading from RBC Capital Markets,
where he was head of convertible sales and trading. He previously
served as head of convertible sales and trading at both Piper
Jaffray & Co. and Robertson Stephens & Co. and, earlier in
his career, worked at Oppenheimer & Co. and Paine Webber
Group.
Christopher Maher comes to JMP Securities as a director and
convertible bond salesman. He most recently served as head of
convertible sales and trading at Thomas Weisel Partners and
formerly held convertible sales and sales trading roles at CIBC
World Markets, Bank One Capital Markets and FleetBoston Robertson
Stephens.
Taylor Reed joins JMP Securities as a director and convertible
bond trader from RBC Capital Markets. He has also held convertible
sales and trading positions at Piper Jaffray & Co., Banc of
America Securities, McMahan Securities, Hambrecht & Quist and
UBS Securities.
Brian Sullivan comes to JMP Securities as a director and
convertible bond salesman. He previously served as head of
convertible sales at Piper Jaffray & Co. and as a managing
director in convertible sales at Robertson Stephens & Co. He
has held institutional sales and trading roles at Lehman Brothers,
Montgomery Securities and Manufacturers Hanover Trust Company.
About JMP Group
JMP Group Inc. is a full-service investment banking and asset
management firm that provides investment banking, sales and
trading, and equity research services to corporate and
institutional clients and alternative asset management products to
institutional and high-net-worth investors. JMP Group operates
through three subsidiaries: JMP Securities, JMP Capital and Harvest
Capital Strategies. For more information, visit www.jmpg.com.
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