JVB Financial Announces New Leadership on CD Desk

Boca Raton, FL – October 11, 2011 – JVB Financial Group, LLC, a subsidiary of Institutional Financial Markets, Inc., today announced the appointment of Michael Hughes as Managing Director and Head of the CD Desk. He will be based in New York and will join the firm at the end of October. In this capacity, he will utilize his leadership and extensive experience to expand the firm’s product base and distribution to its network of Dealers, Advisors, and Institutional clients.

Mr. Hughes brings to JVB more than 20 years of Debt Capital Markets experience focused primarily in the banking sector. Mr. Hughes most recently served for eight years as a Vice President of Fixed Income at Wells Fargo, where he started a highly successful CD Origination Desk.  Previously he spent almost 14 years at Morgan Stanley Dean Witter as a Vice President in their Debt Capital Markets, and Fixed Income Group.  Mr. Hughes holds a BS in Business from Mount St. Mary College.

About JVB

Headquartered in Boca Raton, Florida, JVB Financial Group, LLC (member FINRA, SIPC), a subsidiary of Institutional Financial Markets, Inc., operates as an investment firm specializing in the wholesale distribution of fixed income securities. With additional offices in Baltimore and Charlotte, JVB serves the Dealer, Institutional, and Advisor markets, distributing in a variety of asset classes including Certificates of Deposit, Investment-Grade Corporates, High-Yield Corporates, Government Agencies, Municipal Bonds, Mortgage-Backed Securities, Asset-Backed Securities, Foreign/Sovereign Debt, and Structured Products.  More information about JVB can be found at www.jvbfinancial.com