JMP Group Inc. (NYSE: JMP), an investment banking and alternative asset management firm, announced today that Jeffrey R. Porphy has joined JMP Securities as a managing director in its investment banking division. Based in the firm’s New York office, Mr. Porphy will focus on mergers and acquisitions and will serve as head of financial sponsors coverage.
“We’re very happy to welcome Jeff to JMP,” said Kent Ledbetter, JMP Securities’ director of investment banking. “Jeff has decades of experience as an M&A banker at top-tier investment banks. His experience and relationships will further enhance our strategic advisory practice and will expand our reach within the private equity and venture capital communities.”
Prior to joining JMP Securities, Mr. Porphy was a managing director serving as head of mergers and acquisitions and head of financial sponsors coverage at Cowen & Co. He was previously a managing director at Barclays Capital, where he served as head of corporate advisory mergers and acquisitions and financial sponsor idea generation. Additionally, Mr. Porphy spent 14 years in various capacities at Credit Suisse, most recently as a managing director and co-head of middle-market mergers and acquisitions as well as head of financial sponsors mergers and acquisitions. During his tenure there, he also served as chief operating officer of the global mergers and acquisitions group and the global industrial and services group, the investment banking department’s largest industry group, and as chief operating officer of the European mergers and acquisitions group. Mr. Porphy began his Wall Street career at Lazard Frères & Co.
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.