JMP Group Inc. (NYSE: JMP), an investment banking and alternative asset management firm, announced today that David L. Turkaly has joined JMP Securities, JMP Group’s broker-dealer subsidiary, as a managing director in its equity research department. Mr. Turkaly will follow the medical devices industry, with a particular focus on providers of orthopedic, neurological and spinal technologies as well as hospital supply companies. He is based in the firm’s New York office.
“We are pleased to announce the arrival of a very seasoned and respected research analyst in Dave Turkaly,” said Mark Lehmann, president of JMP Securities. “Medical technology is an area of constant change; and, with Dave’s addition, JMP has deepened its commitment to the space and ensured that the firm remains well positioned to offer guidance to both institutional investors and corporate clients involved in the medical devices industry. Dave will work independently from Jose Haresco, who continues to concentrate on cardiology, aesthetics and surgical technologies; though, together, the two analysts will provide differentiated perspectives on an increasingly large and complex field.”
Prior to joining JMP Securities, Mr. Turkaly served as a senior research analyst at Susquehanna International Group, where he covered the medical devices industry for six years. He was previously a managing director covering medical devices at WR Hambrecht + Co. and a director primarily following the orthopedics, neurology and spine sectors at CIBC World Markets Corp. Earlier in his career, Mr. Turkaly worked in healthcare equity research at ING Barings and in healthcare investment banking at Smith Barney. He holds an MBA from Columbia Business School and a BS in accounting from University of Richmond.
About JMP GroupJMP Group Inc. is a full-service investment banking and asset management firm that provides investment banking, sales and trading, and equity research services to corporate and institutional clients as well as alternative asset management products to institutional and high-net-worth investors. JMP Group operates through three subsidiaries: JMP Securities, Harvest Capital Strategies and JMP Credit Advisors. For more information, visit www.jmpg.com.