Janney announced today a promotion and the addition of five new employees in the organization’s Fixed Income Capital Markets Group.

PHILADELPHIA, PA – Janney Montgomery Scott LLC (“Janney”), a leading full-service wealth management, financial services, and investment banking firm headquartered in Philadelphia, PA, announced today a promotion and the addition of five new employees in the organization’s Fixed Income Capital Markets Group.

Matt Davis, a Managing Director, was promoted to Head of Municipal Trading and Underwriting at Janney’s headquarters in Philadelphia, PA. Mr. Davis will now oversee all of the organization’s municipal institutional traders and underwriters.

Mike Foley joined the firm as Director in the Securitized Sales Group. Mr. Foley previously worked at INTL FC Stone/GX Clarke. He will be located in Janney’s New York City office.

Craig Merkin and Dave Selzer both joined as Directors in Janney’s Institutional Sales Unit, and will be based in San Francisco, CA. Craig and David join Janney from Deutsche Bank Securities, where they were Fixed Income Generalists. They have been highly successful over the course of their careers and bring valuable cross-asset sales experience in taxable space to the Janney platform.

Steve Madsen joined Janney as Managing Director, Institutional Credit Trading Group. Mr. Madsen has a wealth of experience trading credit at CIBC, Societe Generale and Deutsche Bank, in addition to running Barclay’s $1B Relative Value/Event Driven Fund. Steve has a BS in Electrical Engineering from Marquette University and an MBA from the Wharton School of Business. He will work out of the New York City office.

Erin Ortiz joined Janney’s Taxable Fixed Income Group as Managing Director, Municipal Credit Analyst, and will serve as the Municipal Strategist in Philadelphia, PA. Ms. Ortiz was most recently with Moody’s Investors Service as a Bond Analyst for nearly eight years. In this role, she was a Lead Credit Analyst for higher education and not-for-profit issuers across the US, primarily in states along the eastern seaboard and in the Midwest.

“Janney is happy to welcome these accomplished fixed income professionals, who will help expand our institutional presence, and will ensure that we continue delivering tailored services to our clients,” stated Tom Bajus, Head of Fixed Income, Janney Montgomery Scott LLC. He continued, “Matt’s leadership in this new role will also strengthen our client relationships and execution abilities.”

About Janney Montgomery Scott LLC
Janney provides advice to individual, corporate, and institutional clients. Our expertise includes guidance about asset management, corporate and public finance, equity and fixed income investing, equity research, institutional equity and fixed income sales and trading, investment strategy, financial planning, mergers and acquisitions, public and private capital raising, portfolio management, retirement and income planning, and wealth management. Janney is an independently-operated subsidiary of The Penn Mutual Life Insurance Company, and is a member of the Financial Industry Regulatory Authority (FINRA) and Securities Investor Protection Corporation (SIPC). Additional company information is available at www.janney.com.

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