PHILADELPHIA and NEW YORK, Sept. 17, 2013 (GLOBE NEWSWIRE) -- Institutional Financial Markets, Inc. (NYSE MKT:IFMI) ("IFMI"), a financial services firm specializing in credit-related fixed income investments, today announced that it has appointed Lester Brafman as Chief Executive Officer, effective immediately. Mr. Brafman, who has served as President of IFMI since June 2013, succeeds Daniel G. Cohen. Mr. Cohen will transition from Chief Executive Officer and Chief Investment Officer of IFMI to President and Chief Executive of IFMI's European operations, where he will continue to focus on growing the Company's European capital markets and asset management operations. Until the closing of IFMI's announced transaction with Mead Park Capital Partners LLC, and Cohen Bros. Financial, LLC, Mr. Cohen will continue to serve as Chairman of IFMI.
IFMI Appoints Lester Brafman Chief Executive Officer
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