SAN FRANCISCO--(BUSINESS WIRE)--
JMP Group Inc. (NYSE:JMP),
an investment banking and alternative asset management firm, announced
today that Edward K. Weld has joined JMP Securities as a managing
director in its investment banking division. Based in the firm’s New
York office, Mr. Weld will concentrate on the origination of debt
capital markets transactions.
“JMP’s debt advisory practice has become a key component of the firm’s
investment banking franchise in recent years,” said Kent Ledbetter, JMP
Securities’ director of investment banking. “Ted brings extensive
leveraged finance experience with him to JMP, and he will work alongside
Managing Director Bard Cook to provide corporate clients with insight on
balance sheet-related issues and guidance on debt capital raising
matters. We see the debt capital markets as an important growth driver
for our investment banking platform, and we look forward to Ted’s
contributions on that front.”
Mr. Weld previously served in the special situations group at Deutsche
Bank Securities, where he oversaw direct equity investments as well as
investments in senior loans, subordinated debt and asset-backed
securities. Earlier, Mr. Weld was head of the financial sponsor coverage
team at Stephens and a founder of Royal Bank of Canada’s leveraged
capital effort, a merchant banking and asset management strategy. He
also focused on leveraged finance and merchant banking activities at
Gleacher & Co. and at Credit Suisse First Boston, after beginning his
career at Chase Manhattan Bank. Mr. Weld holds an M.B.A. from The MIT
Sloan School of Management and a B.A. from Tufts University.
About JMP Group
JMP Group Inc. is an 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 and services 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.