Madison Williams Announces Expansion of Institutional Equity Sales and Trading Team

NEW YORK, Feb. 10 /PRNewswire/ -- Madison Williams and Company (www.madisonwilliams.com), an integrated capital markets and advisory firm, announced today a significant expansion to their institutional sales and trading team. Madison Williams recently completed a management buyout of the principal capital markets business from Sanders Morris Harris Group (Nasdaq: SMHG) in December 2009. With the hiring of five senior salesmen and traders Madison Williams, already a well known industry leader in the energy sector, will substantially broaden their coverage of key institutional investors.

Michael Gantcher is joining Madison Williams as Head of Equity Sales and Trading. Most recently he was the Director of Marketing and Investor Relations at an energy hedge fund, and before that he was head of institutional equity sales at Oppenheimer & Co. Inc in New York. While at Oppenheimer, Mr. Gantcher was responsible for increasing the firm's equity sales business more than eight fold over a four-year period. "One of the most exciting things at Madison Williams is the opportunity to work in a private partnership where the client comes first. I and my partners look forward to this unique opportunity to grow an institutional equity business and to better align research sales and trading across all divisions. We did this successfully at Oppenheimer and believe we can do the same and more at Madison Williams," said Mr. Gantcher.

Reporting to Gantcher will be Steve Souhrada, head of equity sales, and Chris Weekes, head of equity trading. Matthew Muszala and Andrew Kennedy will also be joining the Institutional Sales team. In addition, Mr. Muszala will work in the product development group.

"This is a terrific opportunity to add an experienced institutional equities sales and trading team to Madison Williams. This is another important step towards achieving our goal of building a world class investment bank targeting specific industries, including energy and healthcare," said Madison Williams President and Chief Executive Officer William Sprague. "In 2009 we completed 23 co-and lead managed equity offerings and we look to an even better 2010 with our expanded distribution team."

Mr. Steve Souhrada, Mr. Matthew Muszala, Mr. Andrew Kennedy and Mr. Chris Weekes were until recently on the institutional equities sales and trading desk at Oppenheimer & Co. Inc in New York.

About Madison Williams

Madison Williams is a privately held, integrated capital markets and advisory firm, offering investment banking, equity and fixed income sales, trading and research services to institutional and corporate clients. Headquartered in New York, the firm has 85 employees in five major offices, including New York, Houston, Dallas, San Francisco and New Orleans. Madison Williams (formerly the principal capital markets business of SMH Capital) was recently spun out of Sanders Morris Harris Group (Nasdaq: SMHG) in a management-led buyout. For more information about Madison Williams, contact 212-317-2707, or log on to http://www.madisonwilliams.com.

SOURCE Madison Williams and Company

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