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Janney Capital Markets Appoints Gregory Voetsch as Head of Equities

  Janney Capital Markets Appoints Gregory Voetsch as Head of Equities

Business Wire

PHILADELPHIA -- January 8, 2013

Janney Capital Markets today announced Gregory C. Voetsch has joined the firm
as Head of Equities. Bringing more than 25 years of experience and leadership
to the firm, Voetsch will lead Janney’s equity sales, sales trading, trading,
and research groups.

“Hiring Greg confirms Janney's strong commitment to continue to strengthen and
improve our equity business. Greg has a tremendous track record of success and
is very excited about the opportunity to leverage Janney's strong research,
sales and trading capabilities," said Jordie Maine, Head of Capital Markets.
"Greg brings many skills and attributes which will benefit Janney's equity
business as well as the Capital Markets leadership team."

With the hiring of Voetsch, Thomas Ferraro and Jeff Woodford, who served in
the roles of co-head of equities, will assume leadership as Heads of Sales and
Sales Trading/Trading, respectively.

“As the business continues to grow more competitive, it is critical that we
leverage our existing talent and add key pieces that can significantly improve
our strategic positioning," according to Maine. "Greg’s experience at both
full service as well as execution only platforms is exciting and should help
differentiate Janney from its competitors."

Voetsch is well known in the industry for his leadership and expertise. Before
joining Janney, he was with Knight Capital Group for ten years, serving most
recently as Executive Vice President and Head of Global Equities. Prior to his
association with Knight, Voetsch held roles as a sales trader, trader and
manager at Smith Barney, and also spent 10 years at Jefferies.

At Janney, Voetsch will split his time between the Philadelphia and New York
offices.

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, one of the 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.

Contact:

Janney Capital Markets
Melissa Thomas
Corporate Communications
215-665-6698
mthomas@janney.com
or
Braithwaite Communications
Alex Dalgliesh
215-564-3200 x 116
adalgliesh@gobraithwaite.com