Broadpoint Expands Mortgage and Asset Backed Division, Broadpoint DESCAP.

NEW YORK -- Broadpoint Securities, Inc., a broker-dealer subsidiary of Broadpoint Securities Group, Inc. (NASDAQ: BPSG), today announced the hiring of four professionals in its mortgage and asset backed division, Broadpoint DESCAP: Richard Weissman, Maneesh Awasthi, Ekaterina Baron and Viru Raparthi.

Mr. Weissman, a Managing Director specializing in MBS and ABS Sales with Broadpoint Securities, spent 13 years at RBS-Greenwich Capital in a similar capacity. Prior to RBS-GCM, Mr. Weissman was the MBS Sales Manager and head of the MBS Strategies Group at Nomura Group from 1989 to 1994. Prior to Nomura, Mr. Weissman was a sales professional and interest rate hedging strategist at L.F. Rothschild. Mr. Weissman began his career as an interest risk management consultant and trader for a small boutique firm.

Mr. Awasthi has over 11 years of experience in fixed income with over 8 years of experience in the structured credit space. Prior to joining Broadpoint Securities, Mr. Awasthi ran the CDO Squared platform on the structuring side at Citigroup, where he specialized in complex cash/synthetic transactions across the bank debt and structured credit space. Prior to Citigroup, Mr. Awasthi was at Deutsche Bank, where he focused on structured credit transactions, encompassing liquid and illiquid asset classes. Prior to Deutsche Bank, Mr. Awasthi was at PaineWebber Inc., where he worked as the fixed income strategist covering retail and institutional clients. Mr. Awasthi has a B. Tech from Institute of Technology - BHU, an M.S. from Lamar University and an M.B.A. from the William E. Simon Graduate School of Business Administration at the University of Rochester.

Ms. Baron, Senior Vice President, has 8 years of origination and structuring experience in structured finance. Ms. Baron began her career in the Global Markets Division at JP Morgan Securities in Credit Card ABS banking and then worked at GE Capital and Barclays Capital where she focused on consumer ABS and other structured products. Ms. Baron received her B.A. degree, magna cum laude, from Mount Holyoke College in 2000.

Mr. Raparthi has over 6 years of experience in the financial services industry and over 9 years of experience in the oil & gas industry. Prior to joining Broadpoint Securities, Mr. Raparthi was a Senior Structurer and CDO banker at Rabobank, and co-managed a significant portion of the firm's proprietary positions in structured products and illiquids. Prior to Rabobank, Mr. Raparthi was at Merrill Lynch Investment Managers (MLIM) conducting quantitative analysis for fixed income portfolios, including investment grade, structured products, and global high yield & bank loan portfolios. Prior to Merrill Lynch, Mr. Raparthi co-founded an environmental remediation business that served major oil and gas clients. Mr. Raparthi has a B. Tech. (Honors) from the Indian Institute of Technology and an M.B.A. from the Wharton School of the University of Pennsylvania.

Lee Fensterstock, Chairman and CEO, said, "We are pleased to take advantage of the tumultuous market environment and hire talented professionals like Rick, Maneesh, Katya and Viru."

Robert Fine, President of Broadpoint Securities, said, "I'm delighted that we continue to attract professionals of this caliber, who recognize the value in the Broadpoint DESCAP platform. It furthers our goal of providing comprehensive, value added service to the institutional marketplace involved in MBS, ABS, CMBS, cash and synthetic structured credit products."

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

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