SAN FRANCISCO--(BUSINESS WIRE)--
JMP Group Inc. (NYSE: JMP),
an investment banking and alternative asset management firm, announced
today that Charles Sweeney has joined JMP Securities as a managing
director and director of trading. Based in the firm's New York office,
Mr. Sweeney will report to Director of Equities Thomas Wright and will
have responsibility for JMP Securities' institutional equity trading and
sales trading activities.
"We could not be more pleased that Charlie has joined JMP," said Mark
Lehmann, president of JMP Securities. "Charlie is well known on Wall
Street and has a well-deserved reputation as a top trader in the
financial services space, a sector that has long been one of JMP's
primary focuses. He has managed cash equity trading businesses at
several prominent firms during his career and will play a key role in
the evolution of JMP's institutional brokerage platform, an initiative
that will remain a priority for the firm throughout 2013."
Prior to joining JMP Securities, Mr. Sweeney served as co-head of U.S.
equity trading at Cantor Fitzgerald & Co., where he also had day-to-day
trading responsibility for the financial sector. For the previous three
years, Mr. Sweeney was head of cash equity trading and sales trading at
Susquehanna Financial Group, where he participated in the overhaul of
the firm's sales and trading infrastructure as part of a six-member
management team. Beforehand, he spent two years at Deutsche Bank
Securities, trading equities in the financial sector and overseeing all
cash equity trading in his second year at the firm. From 1991 until
2007, Mr. Sweeney worked in equity trading at Merrill Lynch & Co.,
holding a variety of managerial positions and completing his tenure
there as a managing director and head of the healthcare and financial
sectors, with day-to-day trading responsibility for the healthcare
sector. Mr. Sweeney holds a BS in business from Penn State 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 as well as
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 Contact
JMP Group Inc.
Dukas Public Relations
Source: JMP Group Inc.
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