Maxim Group LLC Attracts More Bulge Bracket Talent for Its Institutional Sales and Trading Platform

NEW YORK, NY--(Marketwire - May 25, 2011) - Maxim Group LLC, a leading full service investment banking, securities and wealth management firm, today announced the appointment of James Manfredonia as a Senior Vice President of the Institutional Equity Trading division.

Mr. Manfredonia will be responsible for expanding Maxim Group's sector-based trading platform. He has nearly 30 years of experience in the financial markets building sales teams and managing relationships across several product areas. He was most recently at First New York, where over the last two years he managed a propriety book concentrating on equity, fixed income and derivative products. Mr. Manfredonia began his 28 year career at Salomon Brothers in 1983, and eventually moved to Merrill Lynch Capital Markets where he spent 10 years as a Managing Director and Head of the Cash Desk. Mr. Manfredonia held a similar position at Bear Stearns for six years before joining First New York. Mr. Manfredonia received a B.S. in Finance and Economics from Fordham University.

"We are very pleased to welcome an industry veteran of James' caliber to our Institutional Sales and Trading team which continues to enjoy robust expansion," said Jamie Barker, Managing Director and Head of Institutional Sales and Sales Trading at Maxim Group.

About Maxim Group LLC

Maxim Group LLC is a full-service investment banking firm headquartered in New York. Maxim Group provides a full array of financial services including investment banking; private wealth management; and global institutional equity, fixed-income and derivatives sales and trading as well as equity research. The investment banking group focuses on middle market and emerging growth companies within the shipping, energy, health care, technology, retail, and business and financial services sectors. The institutional coverage of Maxim Group spans North and South America, Europe and Asia. Maxim Group LLC is registered as a broker-dealer with the U.S. Securities and Exchange Commission and is a member of the following: Financial Industry Regulatory Authority (FINRA); Municipal Securities Rulemaking Board (MSRB); Securities Insurance Protection Corporation (SIPC); NASDAQ Stock Market and the NYSE Arca, Inc. To learn more about Maxim Group, visit www.maximgrp.com.