Broadpoint Expands Investment Grade Fixed Income Sales Team.

NEW YORK -- Broadpoint Capital, Inc., a broker-dealer subsidiary of Broadpoint Securities Group, Inc. (NASDAQ: BPSG), today announced the hiring of two additional senior sales professionals in the Investment Grade Sales Department of Broadpoint's Debt Capital Markets Division. Clay Stephens, Managing Director, and Roger Weilep, Vice President, will report to Richard Crescenzo and Douglas Scales, Co-Heads of the department.

Mr. Stephens is a 20 year veteran of Bear Stearns, where he ultimately held the title of Senior Managing Director. He has sold all products across the fixed income spectrum including investment grades, high yields, credit derivatives, commercial mortgage-backed securities, collateralized debt obligations and secured private placements.

Mr. Weilep most recently spent 11 years at Deutsche Bank Securities, where he was a Director in the Integrated Credit Sales department. Prior to his experience at Deutsche Bank Securities, Mr. Weilep was a Vice President of Global Market Sales at Lehman Brothers, where he specialized in corporate bond sales.

Lee Fensterstock, Chairman and CEO, said, "We are delighted to continue to expand our Debt Capital Markets Division with the addition of Clay and Roger, two outstanding senior professionals."

Joseph Mannello, Executive Managing Director and Head of Broadpoint Capital's Debt Capital Markets Division, said, "Clay and Roger are great additions to Doug and Rick's team. This is another step toward our goal of building out our distribution network for institutional fixed income clients."

About the Company

Broadpoint Securities Group, Inc. (NASDAQ: BPSG) is an independent investment bank that serves the institutional investor and corporate middle market by providing clients with strategic, research-based investment opportunities, and financial advisory services, including merger and acquisition, restructuring, recapitalization and strategic alternative analysis services. The Company offers a diverse range of products through Broadpoint Capital, Inc.'s Equity and Debt Capital Markets divisions, as well as Broadpoint Securities, Inc., its mortgage-backed security/asset-backed security trading subsidiary, and FA Technology Ventures Inc., its venture capital subsidiary.

Forward Looking Statements

This press release contains "forward-looking statements." These statements are not historical facts but instead represent the Company's belief regarding future events, many of which, by their nature, are inherently uncertain and outside of the Company's control. The Company's forward-looking statements are subject to various risks and uncertainties, including the conditions of the securities markets, generally, and acceptance of the Company's services within those markets and other risks and factors identified from time to time in the Company's filings with the Securities and Exchange Commission. It is possible that the Company's actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in its forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements. The Company does not undertake to update any of its forward-looking statements.