JMP Group Announces Changes in Leadership of Institutional Sales Effort
23 Juli 2009 - 10:15PM
Business Wire
JMP Group Inc. (NYSE: JMP), an investment banking and
alternative asset management firm, announced today that Daniel A.
Wychulis has been named JMP Securities� director of institutional
sales and that Jeffrey H. Spurr remains in his role as director of
product management. After serving as director of institutional
sales for four years, Spurr has transferred those responsibilities
in order to focus exclusively on what had been his dual role as
director of product management. Wychulis, now overseeing JMP
Securities� entire equity sales effort, had been the firm�s
director of east coast sales since early 2008. Both men report to
Mark L. Lehmann, JMP�Securities� co-president and director of
equities.
�Jeff will continue to act as a liaison between our sales force
and our equity research department and will team with Dan and
research director Jim Wilson to enhance JMP�s existing research
product and develop new product for our institutional customers,�
said Mark Lehmann, director of equities and co-president of JMP
Securities. �We believe that these changes will enable us to build
on the momentum we have created with buyside accounts through the
expansion of our sales and trading platform since late last year.
In the wake of major failures, mergers and retrenchments by much of
the Wall Street competition, we see an opportunity for JMP to
become one of the foremost providers of independent,
institutional-quality equity research in the U.S.�
Wychulis is a managing director and previously served as JMP
Securities� director of east coast sales. Prior to making the
transition to institutional sales in 2002, Wychulis spent two years
in the firm�s investment banking group with a focus on financial
services. He previously worked as an investment banker at Sandler
O'Neill + Partners, providing mergers and acquisitions advisory and
capital raising services for banks and thrifts. He began his career
at the law firm of Morgan, Lewis & Bockius in the antitrust and
trade regulation practice area.
Spurr is a managing director and previously served as both
director of institutional sales and director of product management
at JMP Securities. Prior to joining the firm in 2003, Spurr was a
vice president at Morgan Stanley and a managing director at
Montgomery Securities. He was also a portfolio manager at Reindeer
Capital and the general partner of The Steelhead Fund. He formerly
worked in the real estate investment banking group of Coldwell
Banker Commercial, the acquisition and development arm of American
Continental Properties and the mergers and acquisitions department
of E.F. Hutton.
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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