Janney Adds Two More Experts to Capital Markets Team

Firm’s Ongoing Expansion Continues with Latest Hires from Large Banking Institutions

PHILADELPHIA--(BUSINESS WIRE)--Janney Montgomery Scott LLC (“Janney”), a leading regional full-service financial services firm, today announced that it has hired Christopher R. Long as a Director and head of the Short Term Institutional Trading Desk and Timothy M. Kelly as a Director of Public Finance for the firm’s Capital Markets business. Mr. Long and Mr. Kelly are the latest in a series of high profile industry veterans who have joined Janney from some of the world’s largest banking institutions. The moves point to Janney’s continued momentum and the firm’s growing reputation as a top destination for industry talent in the wake of broader market instability.

“There is a tangible sense of momentum in capital markets and at Janney in general, and professionals across the industry are taking notice”

At Janney, Mr. Long will oversee all aspects of Short Term Institutional Trading. He joins the firm after spending a decade with UBS Investment Bank in New York City. Most recently Mr. Long supervised the trading operations of a $90 billion program while serving as Manager, Executive Director and Trader in the Short Term Institution Trading, Municipal Securities Group. He previously served as an Assistant Vice President in the Retail Marketing and Underwriting, Municipal Securities Group at UBS. Mr. Long will be working out of Janney’s Midtown New York City office in Manhattan.

Mr. Kelly joins Janney from J.P. Morgan Securities in New York where he was an Executive Director in Tax Exempt Capital Markets. At J.P. Morgan he served as the primary higher education banker for the Northeast, New York and portions of the midwest, managing nearly $1 billion in par for higher education clients in 2008 alone. Previously Mr. Kelly was an Associate Director in the Municipal Securities Group at UBS Securities and the Associate Vice President in Healthcare and Housing Investment Banking at First Albany Capital, Inc. At Janney, Mr. Kelly will focus primarily on Higher Education but will assist with other non-profit work across the Janney footprint. He will work out of both the Albany and Midtown, New York offices.

“There is a tangible sense of momentum in capital markets and at Janney in general, and professionals across the industry are taking notice,” said Jordie Maine, Janney's head of Capital Markets. “We have become a go-to destination for top talent and Tim and Chris are the latest examples of that. We are excited about the energy and expertise they bring to the firm and for our clients.”

Mr. Long is a graduate of Saint Francis College in Brooklyn where he received a Bachelor of Arts in Business Management, and earned an MBA with a concentration in finance from Fordham University. Mr. Kelly is a graduate of the University of Albany where he received a B.S.B.A. with a concentration in finance and management information systems.

About Janney Montgomery Scott LLC:

Established 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, the seventh largest mutual insurance company in the nation, and is a member of the New York Stock Exchange, Financial Industry Regulatory Authority and Securities Investor Protection Corporation.