JVB Financial Announces New Leadership on Agency Desk

BOCA RATON, FL, November 15, 2013 – JVB Financial, a subsidiary of Institutional Financial Markets, Inc., is pleased to announce that Brendan Shanahan will be joining the firm on Monday, November 18, 2013 as Senior Vice President, Head of Agency Trading. Mr. Shanahan has over 25 years of industry experience and will be based out of JVB’s Boca headquarters.

Prior to joining JVB, Mr. Shanahan most recently served as Managing Director, Head of Federal Agency Trading at Cortview Capital/Pierpont Securities in New York. He began his financial career in 1986 in New York at Salomon Smith Barney Inc./Salomon Brothers Inc., and his extensive experience in the primary distribution and secondary trading of Federal Agency securities also includes positions at Bank of Montreal in Chicago, Suntrust Bank in Atlanta, and Wachovia Corporation and Prudential Securities in New York. Mr. Shanahan holds a Bachelor of Arts in Economics from the University of Colorado in Boulder.

About JVB

Headquartered in Boca Raton, Florida, JVB Financial Group, LLC (member FINRA, SIPC), an indirect majority owned subsidiary of Institutional Financial Markets, Inc. (NYSE MKT: IFMI) (www.ifmi.com), operates as an investment firm specializing in the wholesale distribution of fixed income securities. With additional offices located in New York City, Hunt Valley, MD, and Charlotte, NC, JVB distributes a variety of asset classes, including Certificates of Deposit, Investment-Grade Corporates, High-Yield Corporates, Government Agencies, U.S. Treasuries, Municipal Bonds, Mortgage-Backed Securities, Asset-Backed Securities, Foreign/Sovereign Debt, and Structured Products. For more information about JVB, please visit www.jvbfinancial.com.