DirectMarkets Appoints Key Industry Leaders to Strengthen Investor Sales and Legal Teams

New York - 21 March 2012

Company Welcomes Jim Feingold as Global Head of Investor Sales, Richard D. Moore as Director of Sales, and Matthew D. Bekerman as General Counsel

Direct Markets, Inc., a subsidiary of Rodman & Renshaw Capital Group, Inc. (NASDAQ: RODM - News) and the owner and operator of DirectMarkets, an automated state-of-the-art electronic transaction platform that directly links existing public companies and investors seeking to transact primary offerings of securities, has appointed three industry leaders to further bolster its investor sales and legal teams.

Jim Feingold has joined DirectMarkets as Global Head of Investor Sales. Mr. Feingold previously served as Global Head of Sales and Marketing at Portware LLC, where he was instrumental in helping the firm achieve significant global growth in sales of its electronic trading platform. Prior to joining Portware, Mr. Feingold worked at Progress Software where, as head of North American Sales for Progress’s Apama algorithmic trading products, he played a pivotal role in building the Apama business in the Americas. Mr. Feingold is a seasoned financial services veteran with more than 25 years of experience working at leading firms such as Merrill Lynch, Laidlaw Capital Management and Bloomberg Financial Markets.

Richard D. Moore has been appointed Director of Investor Sales. Mr. Moore brings more than 20 years of financial services and technology experience to DirectMarkets and has an extensive understanding of the institutional trading desk and execution workflows. He has held senior-level sales positions at Pipeline Trading, Lazard Capital, and Instinet.

Matthew D. Bekerman joins the Company as General Counsel. Mr. Bekerman previously served as Assistant General Counsel at Liquidnet Holdings, Inc. Earlier in his career, he worked as a Corporate Associate at Willkie Farr & Gallagher LLP, Baker Botts LLP, and Skadden, Arps, Slate, Meagher & Flom LLP. He holds a JD from Harvard Law School and a BA in economics and law & society from the State University of New York at Binghamton.

Kevin Lupowitz, CEO of DirectMarkets, said, “Since the successful unveiling of our platform at the TradeTech 2012 Conference earlier this month, we have received a very positive response from the industry. As we continue to grow, it is critical that we have the strongest possible team in place. Jim, Rick and Matt bring an immense amount of experience and innate ability to our Company, and we are thrilled to have them on board. We expect to rely heavily on their acumen and industry knowledge to help us deliver our unprecedented solution to the market.”

Commenting on the recent DirectMarkets hires, Sang Lee, Managing Partner of Aite Group, a leading independent research and advisory firm focused on business, technology and regulatory issues and their impact on the financial services industry, said, “Being able to attract such talented and experienced professionals to the Direct Markets team is a testament to their innovative business model. Bringing issuers and investors closer together could function as another growth engine for the capital markets and help revitalize corporate growth.”

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