JMP Group Announces Realignment of Senior Management
27 Januar 2011 - 12:40AM
Business Wire
JMP Group Inc. (NYSE:JMP), an investment banking and alternative
asset management firm, announced today the following changes to the
company’s senior management structure:
- Carter D. Mack, previously director of
investment banking and co-president of broker-dealer subsidiary JMP
Securities LLC, has been appointed president of JMP Group.
- Mark L. Lehmann, director of equities
and previously co-president of JMP Securities, has been appointed
president of JMP Securities.
- Craig R. Johnson, formerly president of
JMP Group, has been named vice chairman of JMP Group and chairman
of asset management subsidiary Harvest Capital Strategies LLC.
- Kent Ledbetter, formerly director of
corporate finance at JMP Securities, has been appointed director of
investment banking and named to JMP Group’s executive
committee.
“While we have been very successful in achieving our financial
objectives over much of the past decade, JMP has evolved and its
needs have changed,” said Joseph A. Jolson, the company's chairman
and chief executive officer. “In particular, better clarity and
direction are imperative for a firm with diverse businesses, more
than 200 people in multiple offices, and revenues that have nearly
doubled in the last few years. Beginning this past April, with the
hope and belief that the worst of the down cycle was behind us, we
spent considerable time and effort thinking through the future
management roles that would best position JMP to take full
advantage of the opportunities created by the growth initiatives we
undertook during the ‘Great Recession.’ I am very pleased with the
outcome and am more optimistic than ever before about JMP’s
future.”
Carter Mack is a co-founder of JMP Group, serving as director of
investment banking since 1999 and as president of JMP Securities
since 2007. He is a member of the company’s board of directors.
Prior to founding JMP Group, Mack served as a managing director in
the financial services investment banking group at Montgomery
Securities, now Banc of America Securities, from 1996 to 1999. He
previously spent five years in investment banking at Merrill Lynch
focused on financial institutions. During his career, Mack has been
involved in corporate finance and merger and acquisition
transactions totaling more than $40 billion in value.
Mark Lehmann joined JMP Group in 2003 and has served as director
of equities since then and as president of JMP Securities since
2007. He is a member of the company’s board of directors. Prior to
joining JMP Group, Lehmann was a managing director at U.S. Bancorp
Piper Jaffray, where he initiated and managed that firm’s
middle-market sales effort. He previously served as both the global
director of institutional sales and the global director of equity
research at Banc of America Securities after working as an
institutional salesperson at that firm and its predecessor,
Montgomery Securities, for ten years.
Craig Johnson joined JMP Group in 2002 and served as president
of JMP Securities until 2007, when he became president of JMP
Group. He was formerly a founding member of Saw Island Asset
Advisors, an alternative investment firm specializing in hedge fund
investments that was acquired by Harvest Capital Strategies in
2003, and continues to be co-portfolio manager of the JMP Masters
fund. Johnson spent twenty years, from 1980 through 2000, at
Montgomery Securities and its successor, Banc of America
Securities, most recently as director of global institutional sales
and a member of that firm’s executive committee.
Kent Ledbetter joined JMP Group in 2004 as a managing director.
He has served as JMP Securities’ head of real estate and lodging
investment banking and, since 2007, as director of corporate
finance. Prior to joining JMP Group, Ledbetter was in the real
estate investment banking group at Lehman Brothers, based in London
and San Francisco. He was previously a senior vice president in
real estate investment banking at PaineWebber Incorporated. During
his 19-year career, Ledbetter has been involved in more than $18
billion of public debt and equity capital raising transactions and
more than $10 billion of domestic and international mergers and
acquisitions.
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, Harvest Capital
Strategies and JMP Credit Advisors. For more information, visit
www.jmpg.com.
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