JMP Group Announces Addition of Ronald Josey and John Newman as Senior Equity Research Analysts
SAN FRANCISCO--(BUSINESS WIRE)-- JMP Group Inc. (NYSE:JMP), an investment banking and alternative asset management firm, announced today that Ronald V. Josey III and John L. Newman have joined JMP Securities as equity research analysts. Mr. Josey, a managing director, covers the Internet industry, while Mr. Newman, a director, follows biotechnology. Both analysts are based in the firm's New York office.
"We are very pleased that Ron Josey has joined JMP," said Mark Lehmann, president of JMP Securities. "He is well regarded by the institutional investment community as a result of a technology-focused career that has spanned management consulting, business development and equity research. His background provides him with a multifaceted perspective on the Internet sector and its constituent parts, including consumer Internet and e-commerce, online advertising, social media and the mobile Internet.
"John Newman is also an important addition to our research platform. His arrival deepens and broadens JMP's coverage of the biotech industry, an area that has been one of our key focuses for many years. Working alongside Liisa Bayko and Jason Butler, John will enhance the firm's reputation for excellence in the sector and its ability to serve a very specialized group of healthcare investors."
Prior to joining JMP Securities, Mr. Josey served as a senior research analyst at ThinkEquity LLC, where he focused on Internet subsectors such as e-commerce, online advertising, mobile Internet, online video and online travel. He was previously a vice president in equity research at Barclays Capital and its predecessor, Lehman Brothers, with coverage of small- and mid-cap Internet stocks. Mr. Josey also worked as a business development and marketing manager at AOL, concentrating on product strategy and development. He began his career as a consultant in the communications and high technology market unit at Accenture. Mr. Josey holds an MBA from The Robert H. Smith School of Business at University of Maryland and a BS from Villanova University.
Prior to joining JMP Securities, Mr. Newman was a senior research analyst covering biotechnology and specialty pharmaceuticals at WJB Capital. He previously served in the same capacity at Citadel Securities and Oppenheimer & Co. He began his financial services career at Merrill Lynch, where he served in the equity research department as part of an award-winning biotechnology team. Beforehand, Mr. Newman was a postdoctoral fellow in biochemistry at University of Wisconsin-Madison after receiving his PhD in chemistry from University of Maryland. He holds a BS from Loyola University Chicago.
About JMP Group
JMP 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.
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