Janney Montgomery Scott promote new co-heads of investment banking

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Janney Montgomery Scott LLC has announced that Cliff K. Booth and Joseph D. Culley, Jr. have been promoted to Co-Heads of Investment Banking.

“We are very excited to promote two of our top bankers who are also long-standing members of the Investment Banking division and are well respected within the industry,” said Jordie Maine, Executive Vice President and Head of Capital Markets. “Both Cliff and Joe have proven themselves to be excellent leaders, able to effectively capitalize on changing market trends.”

Booth joined Janney’s Investment Banking team in 2008, and, in addition to his new responsibilities, he will continue to play an active role in managing the Financial Institutions and Real Estate Groups. Prior to joining Janney, Booth was Head of the Financial Institutions Investment Banking Group at Ferris, Baker Watts, and in the Real Estate Investment Banking Group of First Union Securities (now Wells Fargo Securities). He received a B.S. in finance from Syracuse University, and an M.S. in finance from The George Washington University.

Culley joined Janney in 2000 and will also continue to play an active role in managing the Infrastructure Group while expanding his oversight of the Investment Banking division. He is currently serving on the Board of Managers of Janney Montgomery Scott and on the Board of Directors of the Mann Center for the Performing Arts. Culley previously served on the Board of Governors of the Philadelphia Securities Association. Culley received a B.A. in Economics from Swarthmore College.

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