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.