Morgan Joseph and Tri-Artisan Partners Form Merger
The new group is owned by stakeholders of both firms. This new financial services organization brings together Morgan Josephâ€™s leadership among middle market companies with Tri-Artisanâ€™s strength in serving larger capitalization companies and private equity investors.
The merger received the approval of stakeholders of both companies. The two broker-dealer firms will operate as wholly-owned subsidiaries of Morgan Joseph TriArtisan Group.
For the group, John Sorte, President and CEO of Morgan Joseph, will be executive chairman, and Mary Lou Malanoski, currently executive vice president of Morgan Joseph, will be vice chair and head of investment banking. Messrs. Gerald Cromack and Rohit Manocha will be co-presidents of the group. The four will also constitute the executive committee of the holding companyâ€™s new board.
Morgan Joseph TriArtisan will be headquartered at 600 Fifth Avenue, in New York City, and have domestic offices in Atlanta, Dallas, Miami, Pittsford, New York, San Francisco, and Stamford, Connecticut. The firm will also have an FSA-registered subsidiary in London, England and a representative office in Beijing, China.
Mr Sorte and Mr Cromack and Mr Manocha, co-managing principals of Tri-Artisan Capital Partners, said: â€œThis is a perfect fit that brings together under one banner the unusual depth of expertise and experience of our two highly regarded financial services firms, having complementary skill sets that together will provide a full range of financial services to both mid-market and larger corporations, as well as institutional investors.â€
Will the move benefit the firms?
Have your say and discuss with your peers on the InfoGrok community.
Participate by posting your comments now.