People: JMP Group Inc (JMP)

Summary

Name	Age	Since	Current Position
Joseph Jolson	54	2004	Chairman of the Board, Chief Executive Officer; CEO of Harvest Capital Strategies
Carter Mack	49	2011	President, Director
Craig Johnson		2011	Vice Chairman of the Board; Chairman of Harvest Capital Strategies LLC
Raymond Jackson		2010	Chief Financial Officer
Mark Lehmann	47	2011	President of JMP Securities; Director
R. Kent Ledbetter	43	2011	Director - Investment Banking of JMP Securities
Kenneth Karmin	51	2010	Lead Independent Director
David DiPietro	52	2010	Independent Director
H. Mark Lunenburg	52	2009	Independent Director
Jonathan Orszag	38	2011	Independent Director
Glenn Tongue		2007	Independent Director
Andrew Palmer			IR Contact

» Insider Trading

Biographies

Name	Description
Joseph Jolson	Mr. Joseph A. Jolson is Chairman of the Board, Chief Executive Officer of JMP Group Inc., Chief Executive Officer of Harvest Capital Strategies LLC, subsidiary of the company. He co-founded the Company in 1999, and is the Chief Executive Officer, the Chairman of the Board of Directors, and a member of the Executive Committee. Mr. Jolson has served as the CEO since September 1999 and as Chairman of the Board of Directors since August 2004. Mr. Jolson is also the Chief Executive Officer of Harvest Capital Strategies (formerly, JMP Asset Management) and JMP Capital and is a Portfolio Manager of Harvest Opportunity Partners II, L.P. and its related funds, one of the family of hedge funds and has served in such positions since 1999, 2007 and 2002, respectively. Previously, Mr. Jolson was a Senior Managing Director and Senior Research Analyst at Montgomery Securities, now Banc of America Securities, for 15 years. Prior to that, he was a Consulting Research Analyst at Fidelity Management and Research in Boston in 1983 and 1984 and at Donaldson, Lufkin & Jenrette in New York from 1980 through 1982. Mr. Jolson was named to Institutional Investor magazine’s All-America Research Team for 10 consecutive years, between 1986 and 1995, for his coverage of the savings and loan industry and was also selected as an All-Star Analyst by the Wall Street Journal in the financial services category in 1996 and 1997. Additionally, he was ranked as a top-five thrift analyst every year from 1985 through 1994 by Greenwich Associates. Mr. Jolson received a MBA degree with distinction from The Wharton School at the University of Pennsylvania and a BA degree from Yale University.
Carter Mack	Mr. Carter D. Mack is the President, Director of JMP Group Inc. He co-founded the Company in 1999, is President of the Company and a member of the Executive Committee. Mr. Mack has served as a member of the Board of Directors since August 2004 and as the President since January 2011. Mr. Mack previously served as Director of Investment Banking and Co-President of JMP Securities from February 2007 to January 2011. Prior to co-founding the Company, Mr. Mack was a Managing Director in the financial services group at Montgomery Securities, now Banc of America Securities, for three years, where he focused on corporate finance and mergers and acquisitions for finance companies, depository institutions and other financial intermediaries. Mr. Mack also spent five years working with financial institutions in the investment banking group at Merrill Lynch, two years in corporate finance at Security Pacific Corp. and three years in strategic planning at Union Bank of California. Mr. Mack received a MBA degree from the UCLA Anderson School of Management and a BA degree from the University of California, Berkeley.
Craig Johnson	Mr. Craig R. Johnson is Vice Chairman of the Board of JMP Group Inc., and Chairman of Harvest Capital Strategies LLC., subsidairy of the company. He joined the company in January 2002 and is Vice Chairman of the Company, Chairman of Harvest Capital Strategies, and a member of the Executive Committee. Mr. Johnson has served as a member of the Board of Directors since August 2004 and as Vice Chairman of the Company since January 2011 and as Chairman of Harvest Capital Strategies since such time. Mr. Johnson previously served as President of the Company, from January 2007 to January 2011 and President of JMP Securities, from January 2002 until January 2007. Mr. Johnson was a founding member of Saw Island Asset Advisors, LLC, an alternative investment firm specializing in hedge fund investments, which was acquired by JMP Asset Management in January 2003. Prior to founding Saw Island Asset Advisors, Mr. Johnson spent 20 years, from 1980 through 2000, at Montgomery Securities, now Banc of America Securities, most recently as director of global institutional sales and a member of the firm’s Executive Committee. Mr. Johnson serves on the Board of Directors of Corticon Technology, a rules-based enterprise software platform for decision management. Mr. Johnson received a BA degree from Stanford University.
Raymond Jackson	Mr. Raymond S. Jackson is the Chief Financial Officer of JMP Group Inc. effective March 15, 2010. He joined the Company in 2008 and has served as the Chief Financial Officer since March 2010. Mr. Jackson previously served as the Chief Financial Officer of the operating subsidiaries JMP Securities and Harvest Capital Strategies, from July 2008 to March 2010. Prior to joining, from April 2006 to June 2008, Mr. Jackson was an executive officer and the Corporate Controller at Redwood Trust, a publicly traded mortgage REIT. He was previously a senior manager in PricewaterhouseCoopers’ financial services and banking industry practice in San Francisco from May 2003 to April 2006. He has also served as a senior audit manager and an audit manager at KPMG in San Francisco from July 2000 to May 2003 and the UK from September 1997 to July 2000 and has worked at Deloitte & Touche in the UK from June 1994 to September 1997. Mr. Jackson holds a bachelor’s degree with honors from Loughborough University in England and is a member of the Institute of Chartered Accountants in England and Wales.
Mark Lehmann	Mr. Mark L. Lehmann is Director of JMP Group Inc., and President of JMP Securities, subsidiary of the company. He joined the company in October 2003 as President of JMP Securities and a member of the Executive Committee. Mr. Lehmann has served as a member of the Board of Directors since August 2004. Mr. Lehmann previously served as Director of Equities and Co-President of JMP Securities, from February 2007 to January 2011. Previously, Mr. Lehmann was a Managing Director at U.S. Bancorp Piper Jaffray, where he initiated and managed the firm’s middle-market sales effort. He previously served as both the Global Director of Institutional Sales and the Global Director of Equity Research at Banc of America Securities after serving as an institutional salesperson at the firm and its predecessor, Montgomery Securities, for 10 years. Mr. Lehmann was also a founding partner of Baypoint Trading, a provider of trading execution services to investment managers. Mr. Lehmann received a JD degree from the New York University School of Law and a BA degree from the University of Illinois. He is a certified public accountant.
R. Kent Ledbetter	Mr. R. Kent Ledbetter has been appointed as Director - Investment Banking of JMP Securities, subsidiary of JMP Group Inc. He joined JMP Securities in 2004 as a managing director and since 2011 serves as JMP Securities’ Director of Investment Banking. He previously served as JMP Securities’ head of real estate and lodging investment banking and, since 2007, as Director of Corporate Finance. Prior to joining JMP Securities, Mr. Ledbetter was in the real estate investment banking group at Lehman Brothers, based in London and San Francisco. He was previously a senior vice president in real estate investment banking at PaineWebber Incorporated. During his 21-year career, Mr. Ledbetter has been involved in more than $20 billion of public debt and equity capital raising transactions and more than $10 billion of domestic and international mergers and acquisitions.
Kenneth Karmin	Mr. Kenneth M. Karmin is a Lead Independent Director of JMP Group Inc. He has served on the Board of Directors since May 2008. Mr. Karmin is a principal of High Street Holdings, a diversified investment company, and Chief Executive Officer of Ortho Mattress Inc. From 1993 to 1998, Mr. Karmin served as a managing director at Credit Agricole Futures, SNC in London. Mr. Karmin was also Managing Director of the financial futures and options department in the London offices of Rodman & Renshaw, Inc. prior to the acquisition of the firm’s U.K. branch by Credit Agricole. Mr. Karmin previously worked at Drexel Burnham Lambert Inc. in its institutional financial futures division. Mr. Karmin received an AB degree in Economics from Washington University in St. Louis.
David DiPietro	Mr. David M. DiPietro is an Independent Director of JMP Group Inc., since December 2010. Mr. DiPietro was formerly President of Signal Hill Capital Group LLC, a boutique investment bank headquartered in Baltimore, Maryland, where he initiated and oversaw the firm’s institutional equities business as well as its venture capital and private equity coverage initiatives. From 1999 through 2003, Mr. DiPietro was Vice Chairman of the board of directors of Deutsche Bank Securities and a member of the firm’s global operating committees for equities and private wealth management, first serving as head of North American equities and later as head of the private client division. From 1992 through 1999, he managed the equity capital markets division at Bankers Trust Company, which was acquired by Deutsche Bank in 1999, and at Alex Brown Incorporated, which was acquired by Bankers Trust Company in 1997. Mr. DiPietro previously held an equity capital markets role at Merrill Lynch and a research position at the Federal Reserve Bank of Philadelphia. Mr. DiPietro received a MBA degree from the Amos Tuck School of Business at Dartmouth College and a BA degree from Haverford College.
H. Mark Lunenburg	Mr. H. Mark Lunenburg is an Independent Director of JMP Group Inc., since March 2009. Mr. Lunenburg is President and Managing Member of Talon Capital, LLC. Talon Capital, LLC is an institutional money management firm founded in 2002 focusing on absolute return strategies. Mr. Lunenburg began his investment career at Kemper Corp. in 1982 as a Financial Analyst in the office of the President. Mr. Lunenburg joined Kemper Financial Services in 1984, holding various investment research positions. Mr. Lunenburg joined the Bass Brothers’ investment operations in 1987, concentrating in stock research and high-yield credit analysis. From 1990 through April of 2001, Mr. Lunenburg managed funds for Ballentine Capital Management, Inc. in Avon, Connecticut. He is currently Vice Chairman of the Board of Connecticut Children’s Medical Center and is an honorary Governor of the Hill-Stead Museum. Mr. Lunenburg graduated from San Diego State University in 1981 with a BS degree in Business Administration and is a Chartered Financial Analyst.
Jonathan Orszag	Mr. Jonathan M. Orszag is an Independent Director of JMP Group Inc., since March 2011. Since January 2006, Mr. Orszag has been a senior managing director and member of the executive committee of Compass Lexecon, LLC, an economic consulting firm. In such capacity, Mr. Orszag has conducted economic and financial analysis on a wide range of complex issues in antitrust, regulatory, policy and litigation matters for corporations and public-sector entities in a variety of markets, such as the technology, telecommunications, financial services, media and sports industries. Prior to entering the private sector, Mr. Orszag served as the Assistant to the U.S. Secretary of Commerce and Director of the Office of Policy and Strategic Planning from March 1999 through March 2000. In this capacity, he was chief policy adviser to the Secretary of Commerce and was responsible for coordinating the development and implementation of policy initiatives, from telecommunications issues to international trade issues. Previously, from August 1997 through March 1999, Mr. Orszag served as an economic policy advisor on President Clinton’s National Economic Council. He is currently a senior fellow at the Center for American Progress and a fellow at the University of Southern California’s Center for Communication, Law & Policy. He received a M.Sc. from Oxford University, which he attended as a Marshall Scholar, and graduated summa cum laude in economics from Princeton University.
Glenn Tongue	Mr. Glenn H. Tongue is an Independent Director of JMP Group Inc. He has served as a member of the Board of Directors since August 2007. Mr. Tongue has been a General Partner and Co-Manager of T2 Partners Management since April 2004 and is the co-manager of three private investment partnerships: the Tilson Growth Fund, the Tilson Offshore Fund and the T2 Qualified Fund. Prior to joining T2 Partners, Mr. Tongue spent 17 years working on Wall Street, most recently as an investment banker at UBS, where he was a Managing Director. Previously, Mr. Tongue served as President of DLJdirect, a publicly traded online brokerage firm that was spun out of the investment bank Donaldson, Lufkin & Jenrette in 1999. Mr. Tongue oversaw both DLJdirect’s initial public offering and its eventual sale. Additionally, Mr. Tongue was a Managing Director for 10 years in the investment banking group at Donaldson, Lufkin & Jenrette. Mr. Tongue received a MBA degree with distinction from The Wharton School at the University of Pennsylvania and received a BS degree in Electrical Engineering and Computer Science from Princeton University.
Andrew Palmer

Basic Compensation

Name	Fiscal Year Total
Joseph Jolson	2,755,830
Carter Mack	2,253,340
Craig Johnson	1,320,320
Raymond Jackson	908,320
Mark Lehmann	2,175,020
R. Kent Ledbetter	1,821,380
Kenneth Karmin	--
David DiPietro	--
H. Mark Lunenburg	--
Jonathan Orszag	--
Glenn Tongue	--
Andrew Palmer	--

As Of 30 Dec 2011

Options Compensation

Name	Options	Value
Joseph Jolson	14,875	106,059
Carter Mack	17,500	124,775
Craig Johnson	14,875	106,059
Raymond Jackson	0	0
Mark Lehmann	17,500	124,775
R. Kent Ledbetter	0	0
Kenneth Karmin	0	0
David DiPietro	0	0
H. Mark Lunenburg	0	0
Jonathan Orszag	0	0
Glenn Tongue	0	0
Andrew Palmer	0	0

Insider Trading

Name	Shares Traded	Price
KARMIN KENNETH MAX	900	$6.60
KARMIN KENNETH MAX	12,922	$6.57
KARMIN KENNETH MAX	2,976	$6.60
JOHNSON CRAIG R	20,000	$6.52
ORSZAG JONATHAN M	20,000	$6.34
JOHNSON CRAIG R	4,600	$6.35
JOHNSON CRAIG R	400	$6.26
KARMIN KENNETH MAX	9,753	$0.00
LUNENBURG HARRY MARK	5,851	$0.00
DIPIETRO DAVID M	4,442	$0.00
ORSZAG JONATHAN M	2,980	$0.00
DIPIETRO DAVID M	813	$0.00
JACKSON RAYMOND SIVA	20,000	$0.00
JACKSON RAYMOND SIVA	7,336	$5.84
KARMIN KENNETH MAX	4,876	$0.00
TONGUE GLENN H	3,576	$0.00
LUNENBURG HARRY MARK	2,926	$0.00
KARMIN KENNETH MAX	2,000	$7.05
KARMIN KENNETH MAX	5,000	$7.05
JOHNSON CRAIG R	56,742	$0.00
LEDBETTER KENT	18,696	$7.03
MACK CARTER D	19,260	$7.03
LUNENBURG HARRY MARK	1,926	$0.00
KARMIN KENNETH MAX	1,926	$0.00
TONGUE GLENN H	1,926	$0.00

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People: JMP Group Inc (JMP)

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Summary

Biographies

Basic Compensation

Options Compensation

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