Richard NeJame Joins Broadpoint
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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
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