JMP Group Announces Addition of Constantine Davides and Sameet Sinha as Senior Equity Research Analysts

Business Wire, Oct 23, 2007

SAN FRANCISCO -- JMP Group Inc. (NYSE:JMP), a growth-oriented investment banking and asset management firm, announced today that Constantine Davides and Sameet Sinha have joined JMP Securities, JMP Group's broker-dealer subsidiary, as senior research analysts. Davides, a director, follows the healthcare services sector, while Sinha, also a director, follows the Internet and digital media.

"We are very pleased to welcome Constantine to JMP," said Craig Johnson, president of JMP Group. "By matching Constantine's coverage of healthcare services and healthcare IT with JMP's current equity research on biotechnology and medical devices, the firm can provide healthcare investors with perspective on an even broader group of growth stocks. JMP Securities is dedicated to serving the healthcare industry and its institutional investors, and this addition to the firm's research department emphasizes that commitment."

"Over the past several years, JMP has strategically diversified its industry coverage, and the Internet and digital media have become key focuses for JMP," said Mark Lehmann, JMP Securities' co-president and director of equities. "Sameet's research will address Internet technology and infrastructure, online and mobile media, online advertising and online consumer services, which are all increasingly of interest to JMP's institutional account base."

Prior to joining JMP Securities, Davides was a senior research analyst at Susquehanna Financial Group following healthcare services, including specialty distribution, pharmaceutical wholesaling, pharmacy benefit managers, labs, disease management and healthcare information technology. He previously served as an equity research associate covering the healthcare services sector at Leerink Swann & Co. Davides has also served as director of business operations at Brandwise, a business process management technology provider and as manager of implementation services for CareTools, a healthcare consulting service and software firm. Davides holds an MBA degree from Carnegie Mellon University and a BA degree from Wesleyan University.

Prior to joining JMP Securities, Sinha was a senior equity analyst at Kaufman Bros. following Internet and digital media companies. He previously served as a senior research analyst at America's Growth Capital covering interactive and new media and worked as an equity research associate at Prudential Securities covering the cable and entertainment industries. Sinha holds an MBA degree from Babson College and a Bachelor of Business Studies degree from the University of Delhi in New Delhi, India.

About JMP Group

JMP Group Inc. is a full-service investment banking and asset management firm that provides investment banking, sales and trading, and equity research services to corporate and institutional clients and alternative asset management products to institutional and high-net-worth investors. JMP Group operates through two subsidiaries, JMP Securities and JMP Asset Management. For more information, visit www.jmpg.com.