JMP Group Appoints Jonathan Orszag to Board of Directors
08 März 2011 - 2:00PM
Business Wire
JMP Group Inc. (NYSE:JMP), an investment banking and alternative
asset management firm, announced today that its board of directors
has elected Jonathan M. Orszag as an independent director. Mr.
Orszag’s initial term as a director will end upon the company’s
annual meeting of shareholders in June 2011, when he will stand for
election to a full one-year term.
“We are very pleased to welcome Jon as a member of our board,”
said Joseph A. Jolson, JMP Group’s chairman and chief executive
officer. “Jon is a successful entrepreneur who co-founded an
economic consulting firm that advises companies reviewing their
strategic alternatives on the non-financial aspects of their
decisions. Jon started his career in Washington, having worked both
in the Clinton White House and at the U.S. Department of Commerce.
In many ways, Jon’s business is analogous to ours in that it seeks
to attract and retain large producers servicing a limited number of
important firm-wide relationships. We are excited to add him and
his unique perspective to our team of independent directors.”
Mr. Orszag is a senior managing director and member of the
executive committee of Compass Lexecon, LLC, an economic consulting
firm. Compass Lexecon, which engages in the application of
economics to legal and regulatory matters, is a wholly owned
subsidiary of FTI Consulting, Inc., a global business advisory
firm. Mr. Orszag has conducted economic and financial analysis on a
wide range of complex issues in antitrust, regulatory, policy and
litigation matters for corporations and public-sector entities in a
variety of markets, such as the technology, telecommunications,
financial services, media and sports industries.
Prior to entering the private sector, Mr. Orszag served as the
assistant to the U.S. Secretary of Commerce and director of the
Office of Policy and Strategic Planning. In this capacity, he was
chief policy adviser to the Secretary of Commerce and was
responsible for coordinating the development and implementation of
policy initiatives, from telecommunications issues to international
trade issues. Previously, Mr. Orszag served as an economic policy
advisor on President Clinton’s National Economic Council. He is
currently a senior fellow at the Center for American Progress and a
fellow at the University of Southern California’s Center for
Communication Law & Policy. He received a M.Sc. from Oxford
University, which he attended as a Marshall Scholar, and graduated
summa cum laude in economics from Princeton University.
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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