Janney Montgomery Scott Continues to Strengthen Equity Research

PHILADELPHIA--(BUSINESS WIRE)--Janney Montgomery Scott LLC ("Janney"), a leading full-service wealth management, financial services and capital markets firm headquartered in Philadelphia, is pleased to announce the hiring of Jonathan (Jon) Feeney, as a Managing Director, Head of the Consumer Research Group, with coverage of the Food and Beverage Industry.

In his role as Managing Director, Head of the Consumer Research Group, Mr. Feeney will both provide coverage of the Food and Beverage Sector and lead the build out of Janney's Consumer Coverage with the goal of providing broad coverage of the consumer sector with value add research.

Gary Schatz, Director of Research at Janney, said of Feeney, "We are delighted to have Jon join us as we believe he will help us to continue to build a world-class research product." He added, "As we work to steadily build and develop Janney's research capabilities, adding depth and experience to our coverage verticals helps to position our Equity Research unit, Capital Markets division and our Firm for future growth."

With over 10 years of financial research experience, Mr. Feeney joins Janney from Wachovia Capital Markets were he served as Senior Food and Beverage analyst for over five years. Prior to that he worked for Sun Trust Robinson Humphrey, Credit Suisse First Boston and Lehman Brothers. In 2003 and 2005, Mr. Feeney was recognized by The Wall Street Journal as an All-Star analyst, as well as the #2 Top Performer by Forbes Magazine in 2005, 2006 and 2007. A graduate of Harvard University, Mr. Feeney earned his A.B. in government, cum laude, and was captain of the University's Varsity Crew team. In his role as Managing Director, Head of the Consumer Research Group, he will be tasked to lead and expand the scope of Janney's research coverage within the Food and Beverage sector.

Thomas Ferraro, Director of Equity Capital Market, added "Intellectual capital is at a premium right now given current market events and the need for sound financial research. Adding these extremely talented and experienced professionals to our equity research team heightens our ability to provide our clients – both retail and institutional – quality advice and insight."

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, one of the 15 largest mutual insurance companies in the nation, and is a member of the New York Stock Exchange, Financial Industry Regulatory Authority and the Securities Investor Protection Corporation.