Broadpoint Capital Expands Rates Group

NEW YORK--([ BUSINESS WIRE ])--Broadpoint Capital, Inc., a broker-dealer subsidiary of Broadpoint Securities Group, Inc. (NASDAQ: BPSG), today announced that Russell Certo and Glen Capelo have joined the firm and were named Co-Heads of its Rates group.

The group will focus on providing value-added solutions for clients investing in treasuries, agencies and government guaranteed TARP securities.

"There will clearly be enormous issuance of treasury and government guaranteed debt to support the restructuring of our financial system and the stimulus package," said Lee Fensterstock, Chairman and CEO of Broadpoint Capital. "We believe our expanded Rates group will serve our clients well in meeting their needs in these areas."

Before joining Broadpoint, Mr. Capelo worked for RBS Greenwich Capital as a Managing Director on their US Government/Agency Trading desk. Prior to RBS, he worked for 17 years at Salomon Brothers Inc., the last seven of which he spent as a Managing Director on the Government Trading desk. He holds a degree in Chemical Engineering from Yale University.

Mr. Certo was a Managing Director at RBS Greenwich Capital prior to joining Broadpoint. Prior to RBS, he worked for UBS Warburg, LLC as a Director and Head of the Cross Rates Dealer group specializing in agency, treasury, and libor arbitrage. He received a BA in Social Science with a Business Studies Concentration from Providence College and an MBA from the New York University Leonard N. Stern School of Business.

Mr. Capelo and Mr. Certo will work with Craig Ziegler, who joined Broadpoint as an agency/treasury trader in March 2008 as part of Broadpoint's hiring of The Bank of New York Fixed Income group. Mr. Ziegler has 20 years of experience in fixed income markets. Before joining Broadpoint, he was an agency/treasury trader with The Bank of New York, and previously held positions in fixed incomes sales for Sanwa Bank Ltd., Donaldson, Lufkin and Jenrette, Barclays, and Brown Brothers Harriman & Co. He received a Bachelor's degree in Economics from Syracuse University.

"Both Russ and Glen are extremely talented and experienced professionals, who are highly regarded in the Rates products sphere," said Rob Fine, President of Broadpoint's DESCAP division. "Under their leadership, I'm confident that our expanded Rates group will prove to be an important value addition to both Broadpoint, and our clients."

Also joining Broadpoint's Rates team are Joseph Walker and Steven Sharlach.

Mr. Walker joins Broadpoint as an institutional salesperson specializing in rates sales and trading. Prior to joining Broadpoint, he was Assistant Vice President of Rates Sales and Trading/Collateral Financing at Fortis Bank. Prior to Fortis Bank, Mr. Walker worked at R.W. Pressprich & Co., as an associate trader on the High Grade desk.

Mr. Sharlach previously worked at RBS Greenwich Capital on its Treasury desk. Prior to RBS, he worked for several years at Morgan Stanley in its Tactical Development group where he built various risk management and trading systems for the Treasury desk and market monitor and analytical tools for the Fixed Income Sales and Research group. Prior to Morgan Stanley, he worked at UBS as a High Yield Fixed Income Developer where he built a pricing database for the High Yield Trading desk and a tracking and reporting database for the Capital Markets desk.

About the Company

Broadpoint Securities Group, Inc. (NASDAQ: BPSG) is an independent investment bank that serves the institutional investor and corporate middle market by providing clients with strategic, research-based investment opportunities, capital raising, and financial advisory services, including merger and acquisition, restructuring, recapitalization and strategic alternative analysis services. The Company offers a diverse range of products through the Debt Capital Markets, Investment Banking and Broadpoint DESCAP divisions of Broadpoint Capital, Inc., its new Equity Capital Markets subsidiary, Broadpoint AmTech and FA Technology Ventures Inc., its venture capital subsidiary. For more information, please visit [ www.bpsg.com ].

Forward Looking Statements

This press release contains "forward-looking statements." These statements are not historical facts but instead represent the Company's belief regarding future events, many of which, by their nature, are inherently uncertain and outside of the Company's control. The Company's forward-looking statements are subject to various risks and uncertainties, including the conditions of the securities markets, generally, and acceptance of the Company's services within those markets and other risks and factors identified from time to time in the Company's filings with the Securities and Exchange Commission. It is possible that the Company's actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in its forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements. The Company does not undertake to update any of its forward-looking statements.

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Broadpoint Capital Expands Rates Group