Richard NeJame Joins Broadpoint

Recapitalization and Restructuring Group Expanded
NEW YORK--(Business Wire)--
Broadpoint Capital, Inc., a broker-dealer subsidiary of Broadpoint
Securities Group, Inc. (NASDAQ: BPSG), today announced that Richard F.
NeJame joined the firm as a Managing Director in its Recapitalization
and Restructuring group. Mr. NeJame is a long-time industry veteran,
having worked previously at Alex. Brown & Sons before helping
establish the Restructuring Advisory Group at Lazard Freres & Co.,
where he worked for 8 years. Most recently, he was a Managing Director
in the investment banking division of Imperial Capital.

Mr. NeJame's background includes a broad array of restructuring,
M&A and corporate finance experience on behalf of highly-leveraged
issuers, as well as institutional and private equity investors,
including assignments on behalf of Safety-Kleen, Reliant Energy,
Metaldyne, Intermet Corporation, SpectraSite and Formica Corporation.
He began his career as a corporate finance associate with Kidder,
Peabody & Co.

Mr. NeJame is a graduate of The Wharton School at the University
of Pennsylvania and received his undergraduate degree, majoring in
electrical engineering and economics, from Duke University.

Lee Fensterstock, Chairman and CEO of Broadpoint, said, "We are
pleased and excited to have Rich join Broadpoint and look forward to
his contribution in this key business segment."

Tim O'Connor, Executive Managing Director and Head of Investment
Banking, said, "With the addition of Rich, Broadpoint now features one
of the most accomplished and experienced investment banking teams,
providing strategic advice to companies and institutions in special
situations. We believe the scope and scale of our professionals'
advisory experience is unique among firms with established capital
market capabilities."

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

Copyright Business Wire 2008