New Hires Signify Further Development of Firm’s Institutional Credit Platform

PHILADELPHIA--(BUSINESS WIRE)-- Janney Montgomery Scott LLC (“Janney”), a leading regional full-service financial services firm, today announced the continued expansion of its Capital Markets business unit with the addition of five experienced sales professionals to its Taxable Fixed Income team, deepening the firm’s already strong institutional sales platform. The new hires also are further evidence of Janney’s commitment to the growth of its institutional business. Specific hires include:

• Richard Crescenzo: Managing Director, Institutional Credit Sales, New York City, NY
• Douglas Scales: Managing Director, Institutional Credit Sales, New York City, NY
• Meredith Contente: Managing Director, Credit Research, New York City, NY
• Paul Manganelli: Director, Institutional Taxable Fixed Income, Upper Saddle River, NJ
• Allison Sylvin: Director, Institutional Taxable Fixed Income, New York City, NY

“We have made great strides in expanding Janney’s Fixed Income business over the past few years through the addition of experienced individuals with proven track records of success,” said Steve Genyk, Head of Fixed Income. “We look to hire only the best and these five are no exception. They’ll not only further develop the presence of our Institutional Credit platform with top-notch research and relationship building, but will provide us with a deeper understanding of client needs and what products and services will best serve their goals across Fixed Income as a whole.”

Mr. Crescenzo and Mr. Scales both join Janney from Gleacher & Co., each with more than 25 years experience in credit sales. As Co-Heads and Managing Directors of Institutional Credit Sales, Mr. Crescenzo and Mr. Scales will assume senior management roles and will be responsible for growing the presence of Janney’s platform within the investment grade and high yield sectors. At Gleacher, both were instrumental in the launch and management of the firm’s investment grade credit business. Previously, both played key roles on the credit platforms at Bear Stearns and Paine Webber.

Ms. Contente—nowManaging Director, Credit Research at Janney—brings more than 12 years of experience in the credit research space. In her new role as senior desk analyst, she will be responsible for providing desk commentary and recommendations across the investment grade and cross-over credit space to Janney’s institutional client-base. She previously served as a senior desk analyst for the credit and preferred trading desks at Gleacher & Co., where she focused primarily on the retail, consumer, healthcare and TMT sectors.

Mr. Manganelli was a Senior Vice President of Fixed Income sales at Morgan Keegan in NY. He is a 30-year institutional fixed income sales veteran and has extensive experience with a wide variety of institutional accounts and products. He held similar roles at Spear, Leeds & Kellogg and Tucker Anthony earlier in his career.

Ms. Sylvin, also joins from Morgan Keegan, where she was a Senior Vice President of Fixed Income Sales where she focused on mortgages and agencies, covering a broad mix of money managers, hedge funds and banks. She was previously part of Lehman Brothers middle-markets sales team.

About Janney Montgomery Scott LLC

Established in 1832, Janney Montgomery Scott LLC provides comprehensive financial advice and superior service to individual, corporate and institutional investors. A full-service, financial services firm, Janney is committed to providing our clients advice through a wealth management approach by focusing on the delivery of strategic financial plans that utilize a variety of financial products and services best suited to help meet their financial goals. Janney is equally committed to providing our corporate and institutional clients objective advice for the successful execution of their unique business plans. Janney provides advice and service to clients through a network of professionals in branch offices located along the entire east coast. Janney is an independently operated subsidiary of The Penn Mutual Life Insurance Company, the seventh largest mutual insurance company in the nation, and is a member of the New York Stock Exchange, Financial Industry Regulatory Authority and Securities Investor Protection Corporation.

Janney Montgomery Scott LLC
Melissa Thomas
Corporate Communications
215-665-6698
mthomas@janney.com
or
Braithwaite Communications
Alex Dalgliesh
215-564-3200 x116
adalgliesh@gobraithwaite.com

Source: Janney Montgomery Scott LLC

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