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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 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 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 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, 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 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 and is a Chartered Financial Analyst.

About Janney Montgomery Scott LLC:

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, Financial Industry Regulatory Authority and the Securities Investor Protection Corporation.
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Publication:Business Wire
Geographic Code:1U5MD
Date:Aug 24, 2009
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