SAN FRANCISCO, Jan. 6, 2011 /PRNewswire/ -- Merriman Capital, Inc., a wholly owned subsidiary of Merriman Holdings, Inc. (Nasdaq: MERR), today announced that it has hired key managing director positions in institutional sales.
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The new team members include:
- Lee Gatewood, managing director, was most recently at Green Square Capital Advisors and its subsidiary, Center Coast Capital, as a senior managing director. Prior to that, he served on the investment committee as managing director at RiverEdge Capital Partners. Gatewood was the global equity research sales manager at Paine Webber and has extensive institutional sales experience from his tenure at UBS, Lehman Brothers and Merrill Lynch.
- David Lachtman, managing director, was most recently president of Express Auto Funding, where he was one of the original buyout investors and helped manage the successful turnaround of the business. He has held fundraising and portfolio management roles as general partner of the American Lien Fund LP which he co-founded to invest in tax delinquent real estate. Lachtman has held various institutional sales positions at the predecessor firms of Royal Bank of Canada Capital Markets and Wells Fargo Securities.
- Steven Shaffer, managing director, was most recently at full-service investment banking boutique, HCFP/Brenner Securities, as a managing director. He also brings to the firm strong European institutional investor contacts, ranging from the large asset managers and banks to the independent asset management community. Shaffer has held various institutional sales and trading positions at L.F. Rothschild, Unterberg Towbin, Oppenheimer & Co. and Bear Stearns.
- Gregory Thomaier, managing director and head of east coast sales, was most recently at the institutional broker-dealer DeMatteo Monness LLC as managing director. At DeMatteo Monness, he served as the sales manager, as well as being the firm's senior producer. Prior to that, he worked in institutional sales at Leerink Swann, the Boston-based industry specialist firm, as well as Bank of America Securities.
"We continue to selectively add top revenue generators to our sales team. These professionals will further enable us to provide our institutional investors with the high-quality capital markets services they expect from Merriman," said Alex Seiler, CEO of Merriman Capital, Inc. "We believe Lee, David, Steve and Greg will help us strengthen our institutional investor relationships and leverage our leadership position in trading high growth stocks."
About Merriman Holdings, Inc.
Merriman Holdings, Inc. (Nasdaq: MERR) is a financial services firm focused on fast-growing companies and the institutions that invest in them. The company offers high-quality investment banking, equity research, institutional services and corporate & venture services. Merriman specializes in three industry growth sectors: Technology, CleanTech and Consumer, Media & Internet. For more information, please go to http://www.merrimanco.com/
Note to Investors
This press release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. This release does not constitute an offer to sell or a solicitation of offers to buy any securities of the Company. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K/A filed on April 30, 2010. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," believe," "could," "estimate," "expect," "intend," "may," "should," and "would" or similar words. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise. The Form 10-K/A filed on April 30, 2010 and the Form 10-Q filed on November 15, 2010, together with this press release and the financial information contained herein, are available on our website, www.merrimanco.com . Please click on "Investor Relations."
SOURCE Merriman Holdings, Inc.
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