Managing Director to Cover Resorts and Lodging

JMP Group Inc. (NYSE: JMP), an investment banking and alternative asset management firm, announced today that Robert A. LaFleur has joined JMP Securities, JMP Group’s broker-dealer subsidiary, as a managing director and senior research analyst following the resort and lodging industry. Mr. LaFleur is based in the firm’s New York office.

“Bob is a top-notch research analyst with a distinguished and diverse background in the lodging and resort space,” said Tom Wright, director of equities at JMP Securities. “He has 25 years of experience working in equity research roles on Wall Street and in operational and analytical roles in the hospitality industry. As a result, he is widely respected by institutional investors and corporate executives alike. His addition both enhances JMP’s real estate research product and reinforces JMP’s commitment to a sector that has long been a core focus of the firm.”

Prior to joining JMP Securities, Mr. LaFleur was a managing director and senior research analyst at Cantor Fitzgerald & Co. covering the gaming and lodging sectors. He previously served as a senior analyst following gaming, lodging and leisure at both Rodman & Renshaw and at Susquehanna Financial Group and served as an associate analyst covering those same sectors at Deutsche Bank Securities and Bear, Stearns & Co. Before starting his equity research career, Mr. LaFleur worked as a hospitality industry consultant at PKF Consulting and held financial and operational positions at The Plaza Hotel in New York and at Walt Disney World in Orlando, Florida. In 2002, Mr. LaFleur was a visiting lecturer at Cornell University’s School of Hotel Administration, where he taught an advanced management strategy course. He holds a MS in real estate finance from New York University and a BS from the School of Hotel Administration at Cornell 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.

Investor Relations ContactJMP Group Inc.Andrew Palmer, 415-835-8978apalmer@jmpg.comorMedia Relations ContactDukas Public RelationsSeth Linden, 212-704-7385seth@dukaspr.comZach Leibowitz, 212-704-7385zach@dukaspr.com

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