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November 3, 2008
CONTACT:
Karen Shakoske
Senior Vice President & Director of Marketing
215-665-4458
kshakoske@jmsonline.com
JANNEY ANNOUNCES NEW LEADERSHIP IN CAPITAL MARKETS
Philadelphia, PA__Monday, November 3, 2008__ Janney Montgomery Scott LLC ("Janney"), a leading fullservice wealth management, financial services and capital markets firm headquartered in Philadelphia, announced today that JOHN ("JORDIE") MAINE has been named Head of Capital Markets. Bringing 25 years of industry experience to the position—including over a decade at Citibank as Head of Regional Equity sales, Jordie will manage Capital Markets with responsibility for executing strategic initiatives to position the firm for continued growth. These efforts support the Firm's vision of becoming the leading regional financial services firm to both institutional and private clients.
Mr. Maine succeeds Robert W. Kampmeinert, former Chairman and CEO of Parker/Hunter Incorporated, who held the position as Head of Capital Markets since 2005 when Janney merged with Parker/Hunter. Mr. Kampmeinert will remain with Janney continuing to serve as Chairman of the Board of Managers, Chairman of Parker/Hunter Asset Management (PHAM), an independent money management business at Janney, and also remain in a senior advisory role in Investment Banking. Thomas Ferraro, who joined Janney in May 2008, will succeed Maine as Head of Equity Capital Markets.
"Expanding upon the solid foundation established by Bob Kampmeinert over these last few years, Jordie's dynamic leadership, broad experience and vision of a focused, collaborative capital markets business will be of great benefit to this growing and important area of the Firm," said Timothy C. Scheve, Janney's President and Chief Executive Officer.
Recent additions to Janney's Capital Markets group contributing to future growth include:
- Thomas Ferraro, Head of Equity Capital Markets—formerly at Credit Suisse First Boston
- Gary Schatz, Director of Equity Research—formerly at Stifel Nicolaus
- Steve Genyk, Head of Municipal Capital Markets and Public Finance—formerly at Philadelphia Industrial Development Corporation and Legg Mason
- Andy Schmucker, Co-Director of Investment Banking—formerly at Stifel Nicolaus
Mr. Maine stated "With our management team solidly in place and our strong commitment to building a quality firm through measured growth, Janney is positioned to become one of the premier regional firms." He continued with "Firms such as Janney must compete with intellectual capital at a time when investors are looking for value-added investment and financial advice."
About Janney Montgomery Scott LLCEstablished in 1832, Janney Montgomery Scott LLC provides comprehensive financial advice and superior service to individual, corporate and institutional investors. A full-service, financial services firm, Janney is committed to providing our clients advice through a wealth management approach by focusing on the delivery of strategic financial plans that utilize a variety of financial products and services best suited to help meet their financial goals. Janney is equally committed to providing our corporate and institutional clients objective advice for the successful execution of their unique business plans. Janney provides advice and service to clients through a network of professionals in branch offices located along the entire east coast. Janney is an independently operated subsidiary of The Penn Mutual Life Insurance Company, one of the five largest mutual insurance companies in the nation based on capital, and is a member of the New York Stock Exchange, Financial Industry Regulatory Authority and the Securities Investor Protection Corporation.
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