SOURCE: Thomas Weisel Partners Group, Inc.

March 28, 2008 02:00 ET

Thomas Weisel Partners Group, Inc. Announces Key New Hires in the Energy and Mining Sectors

SAN FRANCISCO, CA--(Marketwire - March 28, 2008) - Thomas Weisel Partners Group, Inc. (NASDAQ: TWPG) (TSX: TWP) announces key new hires in its investment banking and research departments covering the energy and mining sectors.

Expanding our energy investment banking practice in Calgary, we recently hired Eamon Hurley, who brings over 14 years of legal and industry experience to Thomas Weisel Partners. Most recently, Mr. Hurley was the Vice President & General Counsel at TAQA North Ltd., a wholly owned subsidiary of the Abu Dhabi National Energy Company ("TAQA").

In research, we hired Kurt Molnar to cover Canadian oil and gas exploration and production companies. Mr. Molnar is based in Calgary and has over 17 years of industry experience, including being a founder of a successful Canadian private exploration company.

Deepening our research capabilities in the mining industry, Heather Douglas joined our Toronto-based mining team and will cover large capitalization gold mining companies. Ms. Douglas has 9 years of research experience with BMO Capital Markets in New York and Toronto.

Based in Denver, in research, we brought on Michael Scialla to expand our Canadian energy expertise into the U.S. Before joining Thomas Weisel Partners, Mr. Scialla held senior research positions at A.G. Edwards and H.S. Resources analyzing oil and gas exploration and production companies.

"We enter 2008 with a global reach spanning five countries and 15 offices. Through these new hire investments in our energy and mining business, we plan to fully maximize the synergies that we believe will result from our acquisition of Westwind Partners," said Thomas Weisel, Chairman and CEO.

"We believe that the fundamentals of our technology clients remain strong and that the demand for resources and commodities, the main drivers for our energy and mining clients continues to grow. Although it is difficult to predict when the challenging capital markets environment will change, we are well positioned to take advantage of our diversified platform once the market stability returns," continued Lionel F. Conacher, President.

About Thomas Weisel Partners Group, Inc.

Thomas Weisel Partners Group, Inc. is an investment bank, founded in 1998, focused principally on the growth sectors of the economy. Thomas Weisel Partners Group, Inc. 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 consists of: private equity, public equity and distribution management. Thomas Weisel Partners is headquartered in San Francisco with additional offices in Baltimore, Boston, Calgary, Chicago, Cleveland, Denver, Montreal, New York, Portland, Silicon Valley, Toronto, London, Mumbai and Zurich. For more information, please visit

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements, which are subject to risks, uncertainties and assumptions about us. In some cases, you can identify these statements by forward-looking words such as "may," "might," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "optimistic," "potential," "future" or "continue," the negative of these terms and other comparable terminology. These statements are only predictions based on our current expectations about future events. There are important factors that could cause actual results, level of activity, performance or achievements or other events or circumstances to differ materially from the results, level of activity, performance or achievements expressed or implied by these forward-looking statements. These factors include, but are not limited to, Thomas Weisel Partners' ability to implement its strategic initiatives and achieve the expected benefits of the acquisition of Westwind Partners, integrate Westwind Partners' operations and retain its professionals, as well as competitive, economic, political, and market conditions and fluctuations, government and industry regulation, other risks relating to the acquisition, including the effect of the completion of the transaction on the companies' business relationships, operating results and business generally and other factors. Some of the other factors are those that are discussed in the "Risk Factors" section of our Annual Report on Form 10-K for the year ended December 31, 2007, which is available on our website and at We do not assume responsibility for the accuracy or completeness of any forward-looking statement and you should not rely on forward-looking statements as predictions of future events. We are under no duty to update any of these forward-looking statements to conform them to actual results or revised expectations.