JMP Group has appointed Daniel Wychulis as JMP Securities’ director of institutional sales. The firm has said that Jeffrey Spurr will remain in his role as director of product management. After serving as director of institutional sales for four years, Mr. Spurr has transferred those responsibilities in order to focus exclusively on what had been his dual role as director of product management.
Mr. Wychulis, now overseeing JMP Securities’ entire equity sales effort, had been the firm’s director of east coast sales since early 2008. He previously worked as an investment banker at Sandler O’Neill + Partners, providing mergers and acquisitions advisory and capital raising services for banks and thrifts. Both men report to Mark Lehmann, JMP Securities’ co-president and director of equities.
Mr. Lehmannsaid: We believe that these changes will enable us to build on the momentum we have created with buyside accounts through the expansion of our sales and trading platform since late last year. In the wake of major failures, mergers and retrenchments by much of the Wall Street competition, we see an opportunity for JMP to become one of the foremost providers of independent, institutional-quality equity research in the US.
California-based JMP Group is an asset management firm that provides investment banking, sales and trading, equity research services. It operates through three subsidiaries: JMP Securities, JMP Capital, and Harvest Capital Strategies.
