JMP Group Announces Management Changes
30 Juli 2020 - 10:15PM
Business Wire
JMP Group LLC (NYSE: JMP), an investment banking and alternative
asset management firm, today announced management changes,
including the resignation of Carter Mack from his position as
president of the company and the promotion of Mark Lehmann to the
role of chief executive officer of JMP Securities, the company’s
primary operating subsidiary. Additionally, Thomas Wright has been
named chief operating officer of JMP Securities, while managing
directors Jonathan Dever and Gavin Slader have been named co-heads
of investment banking and have joined JMP Group’s executive
committee.
Carter Mack, formerly president of JMP Group and a member of the
company’s executive committee, has stepped down from his position.
He will remain a member of the company’s board of directors. Mack
is a co-founder of JMP Group, forming the company with partners Joe
Jolson and Jerry Tuttle in April 1999 and celebrating its initial
public offering in May 2007. During his tenure, Mack helped chart
the strategic direction for a highly successful investment banking
franchise, setting an example as an accomplished advisor to
corporate clients.
“Although I will miss Carter’s daily optimism, his sound
business judgment, and our partnership of more than 21 years, he
will continue to help guide our company as a board member,” said
Chairman and Chief Executive Officer Joe Jolson. “I am excited
about JMP’s future and the extraordinary people who have accepted
new leadership positions. Mark Lehmann and Tom Wright, two existing
members of our executive committee, have been promoted to the newly
created roles of CEO and COO of JMP Securities, respectively, while
Jon Dever and Gavin Slader have been appointed to the executive
committee and now serve as co-heads of our investment banking
group. Collectively, these four individuals have 115 years of
combined experience on Wall Street and 45 years in total at our
firm. They have all proven to be exceptional contributors and
inspired leaders, and we are fortunate to be able to draw on their
expertise as JMP enters a new phase in its growth.”
Mark Lehmann becomes chief executive officer of JMP Securities.
He was previously president of JMP Securities and continues as a
member of JMP Group’s executive committee and its board of
directors. Prior to joining JMP Group in 2003, Lehmann served both
as the global director of institutional sales and as the global
director of equity research at Banc of America Securities after
working as an institutional salesperson at the firm and its
predecessor, Montgomery Securities. Lehmann holds a JD degree from
the New York University School of Law and an undergraduate degree
from the University of Illinois. He is a certified public
accountant.
Thomas Wright becomes chief operating officer of JMP Securities.
He continues as the firm’s director of equities and a member of JMP
Group’s executive committee. Before joining JMP Group in 2013,
Wright served as global head of trading at Sanford C. Bernstein
& Co. He previously held a variety of management positions at
Merrill Lynch & Co., most recently as head of European equity
trading and sales trading and formerly as head of U.S. equity
trading and sales trading. Wright holds an MBA degree from New York
University Stern School of Business and an undergraduate degree
from Boston College.
Jonathan Dever joins JMP Group’s executive committee and becomes
co-head of investment banking at JMP Securities, while continuing
as head of financial services and real estate investment banking.
Prior to joining JMP Group in 2007, Dever was an investment banker
at Lehman Brothers, UBS Investment Bank, and PaineWebber, focused
on finance companies, REITs, banks, and other depositories. He
holds an undergraduate degree from Georgetown University.
Gavin Slader joins JMP Group’s executive committee and becomes
co-head of investment banking at JMP Securities, while continuing
as head of mergers and acquisitions. Before joining JMP Group in
2013, Slader worked in the technology, media and telecommunications
investment banking group at UBS Investment Bank, sharing oversight
of the west coast technology mergers and acquisitions practice. He
previously focused on mergers and acquisitions at Piper Jaffray
& Co., Credit Suisse First Boston, and Donaldson, Lufkin &
Jenrette, after serving in Deutsche Bank’s leveraged finance group.
He holds dual undergraduate degrees from Claremont McKenna
College.
About JMP Group
JMP Group LLC is a diversified capital markets firm that
provides investment banking, equity research, and sales and trading
services to corporate and institutional clients as well as
alternative asset management products and services to institutional
and high-net-worth investors. JMP Group conducts its investment
banking and research, sales and trading activities through JMP
Securities; its hedge fund, venture capital and private capital
activities through Harvest Capital Strategies and JMP Asset
Management; and the management of Harvest Capital Credit
Corporation (NASDAQ: HCAP), a business development company, through
HCAP Advisors. For more information, visit www.jmpg.com.
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Investor Relations Contact JMP Group LLC
Andrew Palmer (415) 835-8978 apalmer@jmpg.com
Media Relations Contacts Dukas Linden Public Relations,
Inc.
Zach Leibowitz (646) 722-6528 zach@dlpr.com
Michael Falco (646) 808-3611 michael@dlpr.com
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