Maxim Group LLC Expands Institutional Sales Trading Platform With the Appointment of a New Managing Director

NEW YORK, NY--(Marketwired - Jul 8, 2013) - Maxim Group LLC, a leading full service investment banking, securities and wealth management firm, today announced the appointment of John Benedickson as a Managing Director and head of Institutional Sales Trading. Mr. Benedickson will partner with Jamie Barker, Managing Director-Research Sales, in running the day-to-day operations of the extensive institutional equities business of Maxim Group.

"Maxim Group's Capital Markets division has experienced significant growth over the past three years. We've restructured our research sales effort, recruited senior sales and sales trading professionals and gained regional strength through our diverse platform. As large Wall Street banks have scaled back operations in the current environment, we have been able to capitalize on this dislocation driven by the belief that volatile markets present tremendous opportunity," said Christopher J. Fiore, President of Maxim Group. He continued, "John's appointment as head of Institutional Sales Trading will be a major factor in the continued growth of our Institutional coverage."

Mr. Benedickson brings over two decades worth of institutional sales trading experience to Maxim Group. He began his career at NDB Capital Markets where he managed the sales trading operations for 9 years. In 2002, Mr. Benedickson joined Susquehanna Financial Group where he was instrumental in integrating the sales and sales trading platforms. He held similar positions at Nova Capital Markets and BNY Convergex Group before joining Maxim Group in 2012.

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.