JMP Group Inc. (NYSE:JMP), an investment banking and alternative asset management firm, announced today that Erik Suppiger has joined JMP Securities, JMP Group’s broker-dealer subsidiary, as a managing director and senior research analyst. Mr. Suppiger, who will focus on makers of communications and Internet security equipment, is based in the firm’s San Francisco headquarters.

“We are very pleased that Erik has joined JMP,” said Peter Coleman, director of research at JMP Securities. “He is an award-winning equity analyst who broadens our technology research platform and who should quickly become a key resource for our institutional brokerage clients. Erik offers differentiated insight, and his many years of experience give JMP important perspective on today’s increasingly critical and vulnerable Internet infrastructure.”

Prior to joining JMP Securities, Mr. Suppiger was a managing director and senior analyst at Signal Hill Capital covering Internet infrastructure technology and services. He was previously a managing director and senior analyst at Pacific Growth Equities and a senior analyst at J.P. Morgan and its predecessor, Hambrecht & Quist, following the networking and security sectors. Early in his career, Mr. Suppiger focused on the communications sector as a member of the Deutsche Bank DMG Technology Group. He holds a B.S. in business administration from the Boston University School of Management.

Mr. Suppiger has received extensive recognition for his equity research coverage. He ranked first among all stock pickers in both the Communications Equipment category and the Internet Software & Services category in the 2010 FT | StarMine Analyst Awards. Also in 2010, Mr. Suppiger placed first in the Telecommunications Equipment category and second in the Internet & Computer Services category in the annual “Best on the Street” analyst survey conducted by The Wall Street Journal. In 2005, he placed second in the Communications Equipment category in the “Best Brokerage Analysts” rankings released by Forbes.com in conjunction with StarMine.

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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