Pali Capital Continues to Build High Yield Sales and Trading Effort

Jim Hindenach and Tom Tuchscher Join the Firm

NEW YORK, Nov. 9 /PRNewswire/ -- Pali Capital, Inc., an independent global
financial services firm, announced today that two more senior professionals
have joined the growing High Yield Sales and Trading Team: Jim Hindenach from
Summit Securities and Tom Tuchscher from Jefferies & Co. The additions bring
the total number of professionals in Pali's high yield department to 16
people.

"In a little over a year our business has gone from a standing-start to a
robust high yield/distressed/loan effort that has achieved critical mass with
regard to trading flow on a daily basis," said Chuck Howard, Managing Director
and Head of High Yield at Pali. "With the addition of both Jim and Tom to our
sales force, we continue to rapidly expand our high yield bond and leverage
loan footprint and our presence with our clients."

Jim Hindenach was a director in high yield sales at Summit Securities. Prior
to Summit, he served as a managing director at BMO Capital Markets where he
was a top sales producer focused on bonds, bank debt and private placements.
Before BMO, Mr. Hindenach was an executive director in the high yield group at
CIBC Oppenheimer and an assistant vice president at CS First Boston. Mr.
Hindenach earned an undergraduate degree in economics from Lafayette College
and his MBA from New York University.

Tom Tuchscher was a vice president in the high yield group as well as the
finance division at Jefferies & Co. where he focused on the sales and trading
of the firm's underwritten bank loans, typically middle market transactions.
Mr. Tuchscher joined Jefferies in 1996 and from 2001 through 2004, he worked
on secondary sales and sourcing of distressed bank loans in the firm's high
yield group. He earned his undergraduate degree from the University of
California in Los Angeles.

About Pali Capital
Pali Capital, Inc., is the U.S.-based division of Pali Holdings, Inc., an
independent, global financial services firm and investment bank servicing
institutional clients since 1995. Pali offers equity, fixed income, and
derivatives sales and trading, equity research, structured finance, and
corporate finance and advisory services. The firm maintains primary offices in
New York and London, with additional offices in San Francisco, Newport Beach,
Chicago, Boca Raton, Minneapolis, Boston and Summit, NJ. Please visit
www.pali.com for additional information.

SOURCE Pali Capital, Inc.

Russell Sherman for Pali Capital, Inc., +1-212-259-5120