Broadpoint Expands Equity Research Offering
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Internet & Video Game Analyst Ben Schachter, Hardware Analyst Brian Marshall, Software Analyst Yun Kim Join Firm NEW YORK--(Business Wire)-- Broadpoint AmTech, Inc., a broker-dealer subsidiary of Broadpoint Securities Group, Inc. (NASDAQ:BPSG) renamed after Broadpoint`s purchase of American Technology Research in October 2008, today announced the hiring of three senior research analysts to deepen its leading technology research offering for institutional investors. Ben Schachter, Brian Marshall and Yun Kim have joined the firm from UBS, Jefferies Asset Management and Pacific Growth, respectively. "We are pleased and excited to have people of this caliber join Broadpoint," said Lee Fensterstock, Chairman and CEO of Broadpoint. "It is another step forward as we create an investment bank of choice for both investors and issuers." Mr. Schachter joins the firm to cover the internet and video games sectors. At UBS, he was consistently ranked among the top internet analysts in Institutional Investor surveys. Before joining UBS in 2000, Mr. Schachter founded an internet company specializing in real estate services. He holds an MBA in Finance from the Johnson School at Cornell University and a BA in Near Eastern Studies from Cornell University. Mr. Marshall joins the firm to cover the hardware and enterprise storage sectors. Previously, he ran a global TMT (telecoms, media, and technology) long/short fund at Jefferies Asset Management. Prior to Jefferies, Mr. Marshall was at D.E. Shaw Group and Citadel, responsible for the management of global TMT investments. From 1999 to 2002, he was a senior sell-side analyst covering semiconductors for JPMorgan (formerly Hambrecht & Quist). Mr. Kim joins Broadpoint AmTech from Pacific Growth to expand the firm`s software coverage. Prior to Pacific Growth, he covered the software sector at AG Edwards. Before joining the sell-side, he was employed at Accenture. "Ben Schachter, Brian Marshall and Yun Kim are all well respected analysts and we are delighted that they are joining us," said Bob Meier, Head of Broadpoint AmTech. "They are tremendously talented and experienced professionals who bring a mix of industry expertise, buy-side experience and strong relationships with our institutional and corporate clients." About the Company Broadpoint Securities Group, Inc. (NASDAQ: BPSG) is an independent investment bank that provides corporations and institutional investors with strategic, research-based investment opportunities, capital raising, and financial advisory services, including merger and acquisition, restructuring, recapitalization and strategic alternative analysis services. The Company offers a diverse range of products through the Debt Capital Markets, Investment Banking and Broadpoint DESCAP divisions of Broadpoint Capital, Inc., its Equity Capital Markets subsidiary, Broadpoint AmTech, and FA Technology Ventures Inc., its venture capital subsidiary. For more information, please visit www.bpsg.com. 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. Investors: Robert Turner, 212-273-7109 Chief Financial Officer Or Halldin Public Relations Media: Ray Young, 916-781-0659 ray@halldinpr.com Copyright Business Wire 2009
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