Maxim Group LLC Expands Prime Brokerage Services With the Appointment of New Head of Business

NEW YORK, NY--(Marketwire - Mar 7, 2013) - Maxim Group LLC, a leading full service investment banking, securities, and wealth management firm, announced the appointment of Seth Michaels as Managing Director - Prime Brokerage Services.

Mr. Michaels' appointment is part of a continuing expansion initiative announced last year which targets key growth opportunities for the firm. "Maxim Group's full-service offering, strong financial condition and broad markets coverage represent a terrific value proposition for hedge funds, investment advisors and family office clients. We are excited to be advancing our prime brokerage services offering with the addition of Seth to our team," said Michael Rabinowitz, Chairman and Chief Executive Officer of Maxim Group.

Mr. Michaels brings over twenty years of experience in prime brokerage and equity finance to the position. Mr. Michaels joined from Jones Trading Institutional Services where he was Head of Advisor Services. His experience also includes managing Barclays' high net worth client financing business including margin, repo and securities lending and Neuberger Berman Clearing Services, which provided execution, reporting, custody and clearing services to correspondent broker dealers, registered investment advisors and hedge funds. Mr. Michaels has focused on working with leading investment manager clients across all aspects of their business to provide exceptional product and service capabilities.

About Maxim Group LLC 
Maxim Group LLC is a full-service investment banking firm headquartered in New York. Maxim Group provides a full array of financial services including investment banking; private wealth management; and global institutional equity, fixed-income and derivatives sales and trading, equity research and prime brokerage services. The investment banking group focuses on middle market and emerging growth companies within the shipping, energy, health care, technology, retail, and business and financial services sectors. The institutional coverage of Maxim Group spans North and South America, Europe and Asia. Maxim Group LLC is a registered as a broker-dealer with the U.S. Securities and Exchange Commission and is a member of the following: Financial Industry Regulatory Authority (FINRA); Municipal Securities Rulemaking Board (MSRB); Securities Insurance Protection Corporation (SIPC); NASDAQ Stock Market and the NYSE Arca, Inc. To learn more about Maxim Group, visit www.maximgrp.com.