Maxim Group LLC Establishes New Florida Branch

NEW YORK, NY--(Marketwire - Mar 1, 2012) - Maxim Group LLC, a leading full service investment banking, securities and wealth management firm, announced the establishment of a new branch office in Boca Raton, Florida. The branch is located at 7900 Glades Road, Boca Raton, FL 33434 and will be staffed by 25 Capital Markets and Wealth Management professionals.

Erik Moquist has been appointed as the Managing Director of the branch and will be responsible for expanding Maxim Group's Capital Markets and Wealth Management Platforms in Florida. Prior to joining Maxim Group, Mr. Moquist was at Noble Financial Capital Markets for 13 years and served as Director of Institutional Sales since 2003. Mr. Moquist received a B.B.A. in Financial Management from the University of North Dakota.

Mr. Moquist will be assisted by Peter Kaufman, who was appointed a Senior Vice President of Institutional Sales Trading, and Shannon DiGennaro. Mr. Kaufman has over 18 years' experience in the securities industry having spent the last 5 years at Noble Financial Capital Markets. Previously he was a sales trader at Geduld Capital Management Long/Short Hedge Fund. Mr. Kaufman received a B.A. in Telecommunications from Indiana University. Prior to joining Maxim Group, Ms. DiGennaro was an Institutional Equity Sales Representative at Noble Financial Capital Markets. Previously, she served as credit analyst for Harch Capital Management. Ms. DiGennaro holds an M.A. in Accounting from Florida Atlantic University and a B.S. in Finance from Florida State University. "We are very pleased to welcome these industry veterans who bring a wealth of experience to our Capital Markets Platform which continues to enjoy robust expansion," said Christopher J. Fiore, President of Maxim Group.

The establishment of the Boca Raton Branch is one component of a broader expansion plan designed to enhance Maxim Group's growth into a national full-service firm. "Maxim Group experienced growth across all divisions in 2011 and we've gained regional strength through our diverse platform. As large Wall Street banks have been forced to scale back operations and shed jobs in the current environment, we have been able to capitalize on this dislocation driven by the belief that volatile markets present tremendous opportunity," said Michael Rabinowitz, Chairman and CEO of Maxim Group.

In addition to Florida, Maxim Group is targeting expansion in Connecticut, Virginia, and California. The firm is looking to grow its Equity Research, Institutional Sales and Trading and Wealth Management Divisions.

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 as well as equity research. 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.