Merriman Capital Hires Four Capital Markets Veterans (MERR)

Merriman Capital, Inc., a wholly owned subsidiary of Merriman Holdings, Inc. MERR, today announced that it has hired key managing director positions in institutional sales. The new team members include: Lee Gatewood, managing director, was most recently at Green Square Capital Advisors and its subsidiary, Center Coast Capital, as a senior managing director. Prior to that, he served on the investment committee as managing director at RiverEdge Capital Partners. Gatewood was the global equity research sales manager at Paine Webber and has extensive institutional sales experience from his tenure at UBS, Lehman Brothers and Merrill Lynch. David Lachtman, managing director, was most recently president of Express Auto Funding, where he was one of the original buyout investors and helped manage the successful turnaround of the business. He has held fundraising and portfolio management roles as general partner of the American Lien Fund LP which he co-founded to invest in tax delinquent real estate. Lachtman has held various institutional sales positions at the predecessor firms of Royal Bank of Canada Capital Markets and Wells Fargo Securities. Steven Shaffer, managing director, was most recently at full-service investment banking boutique, HCFP/Brenner Securities, as a managing director. He also brings to the firm strong European institutional investor contacts, ranging from the large asset managers and banks to the independent asset management community. Shaffer has held various institutional sales and trading positions at L.F. Rothschild, Unterberg Towbin, Oppenheimer & Co. and Bear Stearns. Gregory Thomaier, managing director and head of east coast sales, was most recently at the institutional broker-dealer DeMatteo Monness LLC as managing director. At DeMatteo Monness, he served as the sales manager, as well as being the firm's senior producer. Prior to that, he worked in institutional sales at Leerink Swann, the Boston-based industry specialist firm, as well as Bank of America Securities. "We continue to selectively add top revenue generators to our sales team. These professionals will further enable us to provide our institutional investors with the high-quality capital markets services they expect from Merriman," said Alex Seiler, CEO of Merriman Capital, Inc. "We believe Lee, David, Steve and Greg will help us strengthen our institutional investor relationships and leverage our leadership position in trading high growth stocks."