Ladenburg Thalmann Financial Services Inc. (AMEX: LTS) (“Ladenburg”) today announced the appointment of Adam Malamed as Chief Operating Officer of Ladenburg. Additionally, David Rosenberg and Peter H. Blum have been appointed Co-Presidents and Chief Executive Officers of Ladenburg’s broker dealer, Ladenburg Thalmann & Co. Inc., and Steven Kaplan has been named Head of Capital Markets. Mark Zeitchick, who previously served as President and Chief Executive Officer at Ladenburg Thalmann & Co. Inc., will continue to serve as Executive Vice President at Ladenburg and as a member of the firm’s Board of Directors, positions he has held since 1999.
“The new appointments reflect the significant contributions these valuable members of Ladenburg’s executive team have made, as well as our confidence that they will continue to contribute meaningfully to the future success of the firm,” said Richard Lampen, President and Chief Executive Officer of Ladenburg. “I look forward to working even more closely with Adam as we continue to grow Ladenburg’s vibrant independent brokerage and advisory businesses, which now includes approximately 2,700 financial advisors and approximately $70 billion in client assets at Triad Advisors, Investacorp, and Securities America. With Adam’s help, I am confident in our ability to further build on Ladenburg’s leadership position in this attractive business.”
Mr. Zeitchick said, “David, Peter and Steven are highly experienced and dedicated individuals who have been instrumental in developing Ladenburg’s capital markets business, particularly our yield-oriented equity group. Our broker-dealer business will benefit from their leadership in these new roles, further enhancing our ability to meet the needs of Ladenburg’s growing client base. We’re proud of the team we’ve assembled and we all look forward to collaborating to help drive value at the firm.”
About Mr. Malamed
Adam Malamed previously served as Co-Chief Operating Officer of Ladenburg Thalmann & Co. Inc. Mr. Malamed brings 18 years of experience in the financial services industry, and has helped oversee the growth of the firm’s Investment Banking and Asset Management businesses, as well as managing the successful integration of Ladenburg’s newly acquired independent broker-dealer units. Prior to joining Ladenburg, Mr. Malamed served as President and Co-Founder of BroadWall Capital, LLC, a financial services firm specializing in institutional sales & trading, private client services and equity research, certain assets of which were sold to Ladenburg in 2006. Mr. Malamed holds a degree from Brooklyn College, and serves as a Vice President on the Executive Committee of the Miami Children’s Museum.