SOURCE: Thomas Weisel Partners Group, Inc.

September 19, 2006 13:28 ET

Thomas Weisel Partners LLC Announces Promotions and Recent Hires Within Its Management Team

SAN FRANCISCO, CA -- (MARKET WIRE) -- September 19, 2006 -- Thomas Weisel Partners Group, Inc. (NASDAQ: TWPG) today announced promotions and recent hires within its management team.

Promotions

Thomas Weisel Partners is pleased to announce the promotion of Tony Stais to Director of Trading, as well as his appointment to our Executive Committee. Mr. Stais was previously Co-Director of Trading, along with Tim Heekin, who is retiring.

Tim's dedication and hard work over the past eight years have contributed significantly to the successes of Thomas Weisel Partners.

"As one of the founders of Thomas Weisel Partners and a member of the Executive Committee, my role in shaping and developing the firm has been a rewarding achievement and I am looking forward to continuing to assist the development of the firm's brokerage strategy, while at the same time having the opportunity to spend more time with my family," said Mr. Heekin.

Thomas Weisel Partners has also recently promoted Jeff Handy to Director of Private Client Services. Mr. Handy was previously Co-Director of Private Client Services, along with Shaugn Stanley, who will continue to focus on business infrastructure.

Paul Slivon, Director of Institutional Sales, will assume responsibility for management of Private Client Services and the convertible debt securities trading businesses. Mr. Slivon will retain his responsibilities for institutional sales and the India research business.

Recent Hires

Electronic Trading. Thomas Weisel Partners recently hired Stephen Blatney to develop and build out its electronic trading business. Stephen brings over 10 years of experience in electronic, program and algorithmic block trading to Thomas Weisel Partners' brokerage team. Stephen joins Thomas Weisel Partners from Bank of America's electronic services team and was formerly head of sales at NASDAQ transaction services.

"Expanding our electronic trading business complements our high-touch brokerage product offering, and Stephen's experience and development plans will be an invaluable asset in growing this business," said Tony Stais, Director of Trading.

"I am very excited to have the opportunity to leverage Thomas Weisel Partners' current brokerage platform and brand name with high quality growth investors and expand its electronic trading platform," said Mr. Blatney.

Convertible Debt Securities. Thomas Weisel Partners has expanded its convertible debt securities trading business with four recent hires.

Gregory O'Loughlin was hired to continue to build out Thomas Weisel Partners' convertible debt security trading business. Mr. O'Loughlin previously ran convertible capital arbitrage at Descartes Capital and prior to that traded convertible bonds at Deutsche Bank Securities.

Bradford Cook, Christopher Maher and Miguel Torres were also recently recruited as part of these expansion efforts. Mr. Cook was also at Descartes Capital with Mr. O'Loughlin as a convertible bond credit analyst. Mr. Torres was formerly at UBS O'Connor, LLC where he headed the firm's European and Asian convertible arbitrage team. Mr. Maher was previously at CIBC World Markets selling multi-strategy, convertible arbitrage.

"These recent hires add deep knowledge and extensive track records to our convertible trading business, an area that we are expanding aggressively," said Paul Slivon, Director of Institutional Sales.

"I'm very excited about joining Thomas Weisel Partners, and in particular, I'm looking forward to building a convertible bond business focused primarily on growth companies, Thomas Weisel Partners' core strength," said Gregory O'Loughlin.

New York Institutional Sales. Thomas Carbeau has joined Thomas Weisel Partners as Director of New York Institutional Sales. Mr. Carbeau brings over a decade of experience in Capital Markets and Institutional Sales experience from CIBC World Markets.

Director of Research. Stephen Buell has joined TWP as Director of Research. Steve is based in our New York office and reports to Mark Manson. Mark will continue to serve on the Executive Committee with incremental corporate responsibility. Keith Gay will continue to serve as Associate Director of Research, reporting to Steve.

About Thomas Weisel Partners Group, Inc.

Thomas Weisel Partners Group, Inc. is an investment bank, founded in 1998, focused principally on the technology, healthcare and consumer sectors of the economy. Thomas Weisel Partners Group, Inc. is managed as a single operating segment and generates revenues from three principal sources: investment banking, brokerage and asset management. The investment banking group is comprised of two disciplines: corporate finance and strategic advisory. The brokerage group provides equity and convertible debt securities sales and trading services to institutional investors, and offers brokerage, advisory and cash management services to high-net-worth individuals and corporate clients. The asset management group is divided into two units: private equity and distribution management.

Contact Information

  • Media Contact:
    Amanda Gaines-Cooke
    415-364-2638