Janney's next Capital Markets boss
Joe Culley Head of Equities and IB; no new EVP to replace Jordan
Janney Montgomery Scott LLC, the largest investment bank and brokerage based in Philadelphia, has named Joe Culley as Head of Equities and Investment Banking. His direct reports are investment banking head Cliff Booth, equity capital markets head Will Corkhill, head trader and sales-trading chief Nick Lampone, and head of research and equity sales Andrew Maddaloni.
Like some other regional investment banks, Janney has struggled to expand its dealmaking, trading and institutional sales business amid stiff competion to sell initial public offerings (IPOs) and other securities issues since the 2008 financial crisis.
Janney also confirmed Steve Genyk as head of fixed income. His reports include Tom Bajus, head of fixed income trading; Guy LeBas, head of strategy and research; Mike McNamara, institutional sales manager; Jeff Miller and Kevin Roche, co-heads of financial institutions; and Megan Mulvihill, new Head of Public Finance, who also serves as Chief Administrative Officer for Genyk's fixed-income group.