JMP Securities hires four new recruits in convertible sales, trading

By Devika Patel

Knoxville, Tenn., July 15 - JMP Group Inc. announced in a press release that it has expanded its convertible securities sales and trading operation by hiring Daniel White, Christopher Maher, Taylor Reed and Brian Sullivan.

All four are based in the investment banking and asset management firm's San Francisco headquarters.

White will be a managing director and director of convertible sales and trading. He previously worked at RBC Capital Markets, where he was head of convertible sales and trading. He also was head of convertible sales and trading at both Piper Jaffray & Co. and Robertson Stephens & Co., and worked at Oppenheimer & Co. and Paine Webber Group earlier in his career.

Director and convertible bond salesman Maher most recently was head of convertible sales and trading at Thomas Weisel Partners. He formerly held convertible sales and sales trading roles at CIBC World Markets, Bank One Capital Markets and FleetBoston Robertson Stephens.

Reed joins JMP Securities as a director and convertible bond trader from RBC Capital Markets. He has also held convertible sales and trading positions at Piper Jaffray & Co., Banc of America Securities, McMahan Securities, Hambrecht & Quist and UBS Securities.

Director and convertible bond salesman Sullivan previously worked as head of convertible sales at Piper Jaffray & Co. and as a managing director in convertible sales at Robertson Stephens & Co. He has held institutional sales and trading roles at Lehman Brothers, Montgomery Securities and Manufacturers Hanover Trust Co.

"We are pleased to announce the hiring of Dan, Chris, Taylor and Brian to build out the convertible sales and trading platform at JMP," JMP Securities' co-president and director of equities Mark Lehmann said in the release. "This move adds to our existing convertible product distribution capabilities and complements our equity brokerage activities.

"We have been able to capitalize on industry turmoil by assembling a team of top-tier professionals who significantly enhance JMP's convertible sales capabilities and match them with dedicated convertible trading expertise," Lehmann said.

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