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Janney Investment Banking Continues Expansion.

Mark Belford and John Lindeman Recruited to Co-Head Consumer & Retail Group

PHILADELPHIA -- Janney Montgomery Scott ("Janney"), a leading full-service investment banking and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
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 firm headquartered in Philadelphia, is pleased to announce the hiring of Mark H. Belford and B. John Lindeman as Managing Directors and Co-Heads of the Consumer & Retail Investment Banking Group.

Working from Janney's 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
 offices, Mr. Belford will assist in expanding the firm's consumer practice, focusing on retail, apparel and restaurant clients. Throughout the course of his career, Mr. Belford has advised on a variety of equity offerings, exclusive sale assignments, debt offerings, buy-side transactions, equity placements and various other M&A and capital raising transactions within the consumer sector.

Working from Janney's Philadelphia headquarters, Mr. Lindeman will assist in expanding the firm's consumer practice, focusing on the food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods.  sectors and further developing Janney's mergers and acquisitions practice. Mr. Lindeman has advised on a variety of public offerings, M&A assignments, private placements, and other domestic and cross-border strategic advisory assignments within the consumer sector and across a broad range of other industries.

Andrew Schmucker, the firm's Head of Investment Banking, stated, "Mark and John are important leadership additions to our Investment Banking Department sector coverage. They each bring a wealth of large-and mid-cap capital markets and advisory experience, as well as extensive knowledge of the consumer sector that will add depth and expertise to our Consumer & Retail Investment Banking Group. We are delighted to have them join our team."

About Mr. Belford:

Mr. Belford has more than 18 years of investment banking experience. Prior to joining Janney, he served as a Managing Director in Stifel Nicolaus' Consumer & Retail Investment Banking Group, focusing on the specialty retail and apparel sectors. Prior to joining Stifel Nicolaus Stifel Nicolaus is the largest subsidiary of Stifel Financial Corp. and is a member of SIPC and listed on the New York Stock Exchange.

Stifel Financial Corp.
, Mr. Belford served as an Executive Director in J.P. Morgan's Retail & Apparel Investment Banking Group, covering the apparel industry and mid-cap specialty retailers. Prior to rejoining J.P. Morgan, he was a Principal from 2001 to 2005 at Stevenson Partners, a private equity partnership, with responsibility for the firm's Consumer & Retail portfolio. Previously, Mr. Belford was a Vice President with Lehman Brothers in the firm's Global Retail & Consumer Investment Banking Group (1998-2001), an Associate in J.P. Morgan's Consumer Investment Banking Group (1995-1998), and a Financial Analyst in Smith Barney's Healthcare Investment Banking Group (1990-1994). Mr. Belford received his B.A. in Economics from Emory University.

About Mr. Lindeman:

Mr. Lindeman has more than 10 years of investment banking experience. Prior to joining Janney, Mr. Lindeman served as Managing Director in Stifel Nicolaus' Consumer & Retail Investment Banking Group, focusing on the food and beverage sectors. Mr. Lindeman also served as a member of the firm's Fairness Opinion Fairness Opinion

A report put together by qualified analysts or advisors providing to key decision makers an evaluation of and facts about a merger or acquisition.

Notes:
A fairness opinion serves as a document used for guidance in a merger, takeover, or acquisition.
 Committee. He served in Legg Mason's investment banking division from 1999 until the acquisition of Legg Mason Capital Markets by Stifel Nicolaus in 2005. Previously, Mr. Lindeman was a Manager in the Corporate Finance practice at PricewaterhouseCoopers. Mr. Lindeman received his B.S. from the University of Mary Washington The University of Mary Washington (formerly Mary Washington College) is a coeducational, selective, state-funded, four-year liberal arts college and a member of the Council of Public Liberal Arts Colleges in Fredericksburg, Virginia.  and is a Chartered Financial Analyst Chartered Financial Analyst (CFA)

An experienced financial analyst who has passed examinations in economics, financial accounting, portfolio management, security analysis, and standards of conduct given by the Institute of Chartered Financial Analysts.
.

About Janney Montgomery Scott LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
:

Established in 1832, Janney Montgomery Scott LLC is a leading full-service financial services and investment banking firm serving individual, corporate, institutional and government clients. Janney is an independently operated subsidiary of The Penn Mutual Life Insurance Company, the seventh largest mutual insurance company in the nation based on capital, and is a member of the New York Stock Exchange New York Stock Exchange (NYSE)

World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City.
, Financial Industry Regulatory Authority Not to be confused with NASD.
In the United States, the Financial Industry Regulatory Authority (FINRA) is a new self-regulatory organization (SRO) under the Securities Exchange Act of 1934, successor to the National Association of Securities Dealers, Inc. (NASD).
 and the Securities Investor Protection Corporation Securities Investor Protection Corporation (SIPC)

A nonprofit corporation that insures customers' securities and cash held by member brokerage firms against the failure of those firms.
.
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Geographic Code:1U5MD
Date:Aug 24, 2009
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