2008-07-24 14:02:02 -
- Broadpoint Capital, Inc., a broker-dealer subsidiary of Broadpoint Securities Group, Inc. (NASDAQ: BPSG), today announced the hiring in its Debt Capital Markets Division of three senior sales professionals: Kevin Miller, Michael B. Komson and Timothy V. Zaino.
Mr. Miller, Managing Director, High Yield Sales, most recently was a Founding Partner and Managing Director of Sand Spring Capital. Prior
to Sand Spring, he spent five years at BNY Capital Markets and 5 years as a Senior Vice President at CRT Capital. Mr. Miller received his J.D. from Boston University in 1986 and his B.A. from Washington University in 1983.
Mr. Komson, Managing Director, High Yield Sales, most recently was a Managing Director at Bear Stearns & Co. where he spent twelve years specifically focusing on high yield and distressed debt, bank debt, credit default swaps, and trade claims. Mr. Komson received his MBA from Fordham University Graduate School of Business in 2003 and his B.S. in Economics from Lehigh University in 1993.
Mr. Zaino, Vice President, Bank Debt Sales, began his career at Lehman Brothers and most recently was a Director in leveraged loan and high yield bond sales and trading at UBS where he focused on first lien and second lien tranches, bridge loans, and mezzanine financing. Mr. Zaino received his MBA from New York University Leonard N. Stern School of Business in 2003 and his B.A. from Fairfield University in 1996.
Lee Fensterstock, Chairman and CEO said, "In this difficult market our debt capital markets division has performed extremely well and we are pleased to add Kevin, Mike and Tim to this winning team."
Joseph Mannello, Executive Managing Director and Head of Broadpoint Capital's Debt Capital Markets Division said, "Since joining Broadpoint in March, we have added 14 sales and trading professionals to expand our existing high yield, convertible, investment grade and bank debt capabilities. With all the turmoil that we are seeing in our markets and at our competitors, we believe it is an excellent time to build our business and we welcome Kevin, Mike and Tim to Broadpoint."
About the Company
Broadpoint Securities Group, Inc. (NASDAQ: BPSG) is an independent investment bank that serves the institutional investor and corporate middle market by providing clients with strategic, research-based investment opportunities, and financial advisory services, including merger and acquisition, restructuring, recapitalization and strategic alternative analysis services. The Company offers a diverse range of products through Broadpoint Capital, Inc.'s Equity and Debt Capital Markets divisions, as well as Broadpoint Securities, Inc., its mortgage-backed security/asset-backed security trading subsidiary, and FA Technology Ventures Inc., its venture capital subsidiary.
Forward Looking Statements
This press release contains "forward-looking statements." These statements are not historical facts but instead represent the Company's belief regarding future events, many of which, by their nature, are inherently uncertain and outside of the Company's control. The Company's forward-looking statements are subject to various risks and uncertainties, including the conditions of the securities markets, generally, and acceptance of the Company's services within those markets and other risks and factors identified from time to time in the Company's filings with the Securities and Exchange Commission. It is possible that the Company's actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in its forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements. The Company does not undertake to update any of its forward-looking statements.
Broadpoint Securities Group, Inc.
Robert Turner, 212-273-7109
Chief Financial Officer
