PrinceRidge Group Forms Equity Trading and Institutional Sales Trading Group

PrinceRidge Group Forms Equity Trading and Institutional Sales Trading Group

Hires Industry Veteran James Dyer as Group Head and Ari Wald as Desk Analyst

NEW YORK--(BUSINESS WIRE)-- ThePrinceRidge Group LLC ("PrinceRidge"), the broker dealer and investment banking subsidiary of Institutional Financial Markets, Inc. (NYSE AMEX: IFMI), today announced that it has formed an equity trading and institutional sales trading group and retained James ("Jim") Dyer as its Head. Mr. Dyer brings to PrinceRidge over 27 years of equity trading and sales experience, most recently serving as Senior Managing Director of Institutional Equity Sales and Trading with Rodman & Renshaw. Prior to Rodman & Renshaw, Mr. Dyer held the position of General Partner and Head of Equity Trading at Maxim Group. Previously, Mr. Dyer was Head of Trading and an executive committee member at BrokerageAmerica.

PrinceRidge also announced that it has hired Ari Wald as Desk Analyst. Mr. Wald previously served as Assistant Vice President of Institutional Equity Research at Brown Brothers Harriman.

Daniel Cohen, Chairman and Chief Executive Officer of PrinceRidge, said, "We are very excited about the formation of PrinceRidge's equity trading and institutional sales trading group, and are very pleased to have someone of Jim Dyer's caliber to lead the new team. Jim has a clear track record of success, and we look forward to benefiting from his experience as we continue to take advantage of the clear growth opportunities before us. As Jim expands our equity and institutional sales trading desks, our clients will have access to an enhanced set of product offerings. I look forward to working closely with Jim and his team to generate value for our clients."

Mr. Dyer said, "Joining PrinceRidge is a tremendous opportunity, and I look forward to further enhancing its talented team to drive increased returns for our client base. By taking advantage of our sales forces' and investment bankers' strong account relationships, our clients will enjoy the best of both worlds: small firm hands-on service and close attention, with big firm execution and product offerings."

In the near term, Mr. Dyer anticipates growing the trading team by retaining several additional desk analysts, equity traders and sales traders, with the goal of eventually expanding the department to 15 professionals. These professionals will offer the best execution, color, corporate access, strong investment banking, capital markets, preferred and debt structured products to their accounts. In addition, PrinceRidge has strong expertise in SPAC offerings, and shortly plans to expand into PIPEs, MLPs and regular equity offerings.

Commenting on the hiring of Ari Wald, Mr. Dyer said, "I am delighted to bring Ari Wald onboard. He brings to the table a technical view of stocks and the market place that was recognized by the Wall Street Journal for correctly calling the 2011 low in the S&P 500. Ari will play a major role in building PrinceRidge's brand recognition with our client base and the financial community."

Mr. Wald has a proven track record of providing market strategy views to a global client base. He brings a disciplined approach to forecasting market direction, and is both a CFA and a Chartered Market Technician. Mr. Wald has had guest appearances on CNBC Fast Money & Closing Bell as well as Bloomberg Street Smart. He has also been frequently quoted in the Wall Street Journal, Barrons, Reuters and other media outlets.

Mr. Wald said, "I'm looking forward to working with Jim and the firm's many talented professionals as they build out PrinceRidge's equity business. I believe my prior research experience will complement the deep industry knowledge and entrepreneurial values that epitomize PrinceRidge's culture and reputation."

About The PrinceRidge Group LLC

PrinceRidge is a fully licensed broker dealer and investment banking boutique established in 2009 with offices in New York, Houston, Chicago, Charlotte, Philadelphia and Boca Raton and with affiliate offices in London, Paris and Tokyo. The firm is client-oriented and fixed-income focused. PrinceRidge offers a variety of financial services to its institutional customer base including sales and trading in corporate credit and structured products and investment banking services such as new issue placements, underwritings and M&A advisory. PrinceRidge is committed to employing the highest quality professionals with significant industry experience, deep product knowledge, integrity and entrepreneurial spirit.

For more information about The PrinceRidge Group LLC please visit www.princeridge.com.

Forward-looking Statements

This communication contains certain statements, estimates and forecasts with respect to future performance, business growth and events. These statements, estimates and forecasts are "forward-looking statements." In some cases, forward-looking statements can be identified by the use of forward-looking terminology such as "may," "might," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential," or "continue" or the negatives thereof or variations thereon or similar terminology. All statements other than statements of historical fact included in this communication are forward-looking statements and are based on various underlying assumptions and expectations and are subject to known and unknown risks, uncertainties and assumptions, and may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are based on our current expectations and projections about future events and market conditions. There are important factors that could cause actual results, level of activity, performance or achievements expressed or implied in the forward-looking statements, to differ from those expressed herein. A prospective or current investor should see the discussion under the heading "Risk Factors" and "Management's Discussion and Analysis of Financial Condition" in our filings with the Securities and Exchange Commission ("SEC"), which are available at the SEC's website at www.sec.gov and our parent's website at www.ifmi.com/sec-filings. There can be no assurance that the forward-looking statements included in this communication will prove to be accurate or correct. In light of these risks, uncertainties and assumptions, the future performance or events described in the forward-looking statements in this communication might not occur. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results and we do not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Jim Golden / Joe Berg, 212-355-4449
Joele Frank, Wilkinson Brimmer Katcher

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