Executive Management

Mark Lehmann
Chief Executive Officer, JMP Group
Chief Executive Officer, JMP Securities
mlehmann@jmpsecurities.com
Mark Lehmann is Chief Executive Officer of JMP Group and JMP Securities. He is a member of the firm’s executive committee.
Prior to joining JMP in 2003, Mark served both as the Global Director of Institutional Sales and as the Global Director of Equity Research at Banc of America Securities after working as an institutional salesperson at the firm and its predecessor, Montgomery Securities, for 11 years.
Mark holds a JD from the New York University School of Law and a BS in accountancy from the University of Illinois. He is a CPA.

Thomas Wright
Chief Operating Officer, JMP Securities
Director of Equities
twright@jmpsecurities.com
Tom Wright is Chief Operating Officer of JMP Securities and serves as Director of Equities. He is a member of the firm’s executive committee.
Before joining JMP, Tom served as global head of trading at Sanford C. Bernstein & Co. for eight years. During the ten prior years, he held a variety of leadership positions at Merrill Lynch & Co., most recently as head of European equity trading and salestrading and previously as head of U.S. equity trading and salestrading. Tom was also a vice president and Nasdaq salestrader at Goldman Sachs & Co. for eight years. He began his career at Merrill Lynch & Co. on the Nasdaq desk in 1983.
Tom received an MBA from New York University Stern School of Business and a BS in economics and finance from Boston College.

Gavin Slader
Head of Investment Banking
Head of Mergers & Acquisitions
gslader@jmpsecurities.com
Gavin Slader is a Managing Director and is head of investment banking at JMP Securities. He also serves as head of mergers and acquisitions. Gavin is a member of the firm’s executive committee.
Prior to joining JMP, Gavin was a senior banker in the technology, media and telecommunications investment banking group at UBS Investment Bank, sharing oversight of the west coast technology mergers and acquisitions practice. Gavin previously held investment banking roles at Piper Jaffray & Co., Credit Suisse First Boston, and Donaldson, Lufkin & Jenrette, concentrating on mergers and acquisitions throughout. He began his Wall Street career in Deutsche Bank’s leveraged finance group.
Gavin holds a BA from Claremont McKenna College, graduating with dual degrees in economics and accounting.
Research, Sales and Trading

Jeffrey Spurr
Director of Research
jspurr@jmpsecurities.com
Jeff Spurr is a Managing Director and is JMP Securities’ Director of Research.
Jeff previously served as JMP’s Director of Product Management, focused on the optimization of the firm’s equity research product, from 2007 through 2011 and as Director of Institutional Sales from 2005 through 2009. Prior to joining JMP, Jeff was in institutional equity sales at Morgan Stanley with coverage of major west coast accounts and was a Managing Director in institutional sales at NationsBanc Montgomery Securities. Beforehand, he was a portfolio manager at Reindeer Capital, L.P. and the general partner of The Steelhead Fund, L.P. Jeff’s earlier investment and financial advisory experience includes roles in the real estate investment banking group of Coldwell Banker Commercial, the acquisition and development arm of American Continental Properties, the mergers and acquisitions department of E.F. Hutton and the corporate sale/leaseback division of Integrated Resources.
Jeff holds an MBA from the Amos Tuck School of Business Administration at Dartmouth College and a BA from the University of Vermont.

James O’Day
Director of Institutional Sales
joday@jmpsecurities.com
James O’Day is a Managing Director and is head of institutional sales at JMP Securities.
Prior to joining JMP, James was a structured credit trader at CypressTree Investments.
James holds a BA from Northeastern University.

Aidan Whitehead
Director of Trading
awhitehead@jmpsecurities.com
Aidan Whitehead is a Managing Director and is head of trading at JMP Securities.
Prior to joining JMP, Aidan was head of listed trading at ThinkEquity partners. He has also served as a Director and position trader at SG Cowen Securities and a Principal and position trader at Robertson Stephens during his career.
Administration

Walter Conroy
Chief Legal Officer
Walter Conroy is Chief Legal Officer and Corporate Secretary of JMP Group.
Prior to joining JMP, Walter was General Counsel at Sungevity, Inc., a solar power company, managing all aspects of the company’s legal affairs. He previously served as Head of Legal for the global special situations group at SunEdison. Before making the transition to industry, Walter was a Partner at Morrison & Foerster LLP, where his practice included a broad range of M&A, corporate and securities transactions. He began his legal career at Chadbourne & Parke LLP concentrating on M&A and corporate finance.
Walter holds a JD from Fordham Law School and a BA from Cornell University.

Raymond Jackson
Chief Financial Officer
President, Harvest Capital Strategies
Ray Jackson is a Managing Director and is Chief Financial Officer of JMP Group. He also serves as President of Harvest Capital Strategies.
Prior to joining JMP, Ray was corporate controller and an executive officer at Redwood Trust, a publicly traded mortgage REIT. He was previously a senior manager for three years with PricewaterhouseCoopers in the financial services and banking industry practice in San Francisco. He also spent five years with KPMG as a senior audit manager and audit manager in San Francisco and the UK and spent three years with Deloitte & Touche in the UK.
Ray holds a BS degree with honors from Loughborough University in England and is a member of the Institute of Chartered Accountants in England and Wales.

Adrienne Tam
Chief Compliance Officer
Adrienne Tam is a Managing Director and is Chief Compliance Officer of JMP Securities.
Prior to joining JMP, Adrienne was Deputy Chief Compliance Officer at Merriman Capital. She previously served in the compliance department at Pacific Growth Equities. Earlier in her career, she worked in corporate services at both Thomas Weisel Partners and Robertson Stephens and held various equity sales and trading roles at UBS Warburg, Montgomery Asset Management, Swiss Bank Corporation, and Montgomery Securities.
Adrienne holds a BS in agricultural and managerial economics from University of California, Davis.

Devin Ryan
Director of Financial Technology Research
Head of Business Development
Devin Ryan is a Managing Director and equity research analyst covering investment banks, brokers, asset managers, and specialty lenders. As Director of Financial Technology Research, Devin stewards JMP Securities’ coverage of fintech companies that exist at the intersection of traditional finance and technological innovation. Additionally, Devin serves as Head of Business Development for JMP Securities, leveraging his industry expertise and longstanding relationships within the capital markets and financial technology sectors to help chart the future of the firm.
Prior to joining JMP Securities in 2013, Devin spent more than eight years in equity research at Sandler O’Neill & Partners, concluding his tenure there as a Managing Director and senior analyst while covering a range of companies in the capital markets industry with business lines spanning investment banking and securities trading, asset and wealth management, and retail and commercial banking. During his time at Sandler O’Neill, Devin was a three-time winner of the top spot in his sector in an annual ranking of all U.S. equity research analysts conducted by StarMine and published in The Financial Times. He began his Wall Street career in the institutional investor group at Citigroup Smith Barney.
Devin holds a BBA in management information systems from University of Notre Dame.