B. Riley & Co. Names Wes Cummins President.LOS ANGELES Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. -- B. Riley & Co., Inc. announced today that it has named Wes Cummins to the position of President. As President, Mr. Cummins will oversee Investment Banking, Sales, Trading and Research. Mr. Cummins joined B. Riley's Research Department in February 2002 and was promoted to Director of Research in January 2003. While Director of Research, he was ranked #1 in the 2004 Forbes.com/StarMine-North American Analyst Survey in the Best Stock Picker category for the Communications Equipment sector. Mr. Cummins was named Director of Capital Markets in July of 2006 and has spearheaded the firm's initiative to grow the financial advisory and capital raising services to middle market publicly traded companies publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. . "With experience on both the research and banking sides of the business, Wes possesses a broad base of 'been there' experience that he can call upon in his new role of President," said Tom Kelleher, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "He is well respected throughout the investment community. He is the right person at the right time for B. Riley & Company as we continue to grow each of our divisions, and expand our presence nationally," he added. The newly created position of President is the direct result of an increase in activity in just about every division and area of operations An operational area defined by the joint force commander for land and naval forces. Areas of operation do not typically encompass the entire operational area of the joint force commander, but should be large enough for component commanders to accomplish their missions and protect their , explained Chairman Bryant Riley. "Our Banking, Sales, Trading and Research Departments have all seen substantial growth this year. We have embarked further into high yield equity research which is rapidly unfolding with new investment opportunities. We have opened a new Mid-Atlantic office to focus on the financial industry sector, and we continue to increase the number of professionals firm wide. The President will be responsible for the continued growth of each of these operations, and we could not have found a more qualified person than Wes to hold that position," he added. "We will continue to execute on our business plan and further pursue a growth strategy that has earned our firm the respect and recognition from institutional investors," said Cummins. "That includes providing unbiased, and often times contrarian research, maintaining a focus that goes beyond the transaction, and participating in deals with a goal of enhancing shareholder value," he concluded. ABOUT B. RILEY & CO. Founded in 1997, B. Riley & Co. is an FINRA FINRA Financial Industry Regulatory Authority (formerly Securities Industry Regulatory Authority) and SIPC (Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that works like a home appliance. For example, it has a sealed case, uses external connectors for expansion and boots in just a couple of seconds. member firm providing research and trading ideas to institutional clients and high net worth individuals, and investment banking services to a wide range of middle market private and public companies. B. Riley is headquartered in Los Angeles and maintains offices in Newport Beach, California Newport Harbor redirects here. For the MTV reality series, see . Newport Beach, incorporated in 1906, is a city in Orange County, California, 10 miles south of downtown Santa Ana. , San Francisco, Philadelphia, and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . For more information, please visit www.brileyco.com. |
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