Maxim Group LLC Expands Equity Research Department With the Appointment of a Senior Technology Analyst

NEW YORK, NY--(Marketwire - Jan 30, 2012) - Maxim Group LLC, a leading full service investment banking, securities and wealth management firm announced the appointment of Ashok Kumar as a Managing Director and Senior Technology Analyst.

Mr. Kumar's appointment is part of a Four-Point Expansion Initiative announced last year which targets key growth opportunities in the Equity Capital Markets arena. "We set a goal for 2012 to add several additional research professionals which will significantly expand our research coverage. The addition of Ashok, a well-respected analyst with a large institutional following, supports that goal," said Anthony V. Vendetti, Director of Research at Maxim Group LLC.

Mr. Kumar brings nearly two decades worth of technology and research experience to Maxim Group. He began his career at Intel in 1991 where he held several engineering and marketing positions. In 1994, Mr. Kumar joined Prudential Securities as a semi-conductor analyst in the Technology Group. He later expanded his coverage to include Enterprise Hardware and Telco Equipment Services. Mr. Kumar held similar positions at Piper Jaffray, Raymond James, Collins Stewart, and most recently at Rodman & Renshaw. He is frequently quoted in The Wall Street Journal, The New York Times, USA Today, Business Week, and Fortune, and is regularly featured on CNBC and Bloomberg. He was named to Smart Money magazines' 30 Most Influential People in Investing in December 2000. Mr. Kumar received a B.A. in Engineering from the Indian Institute of Technology, a M.A. in Electrical Engineering from Purdue University, and a M.A. in Business Administration from the Wharton School of Business at the University of Pennsylvania. He holds the Chartered Financial Analyst designation.

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 a 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.