Berkshire Capital Announces Leadership

NEW YORK, September 30, 2016

Berkshire Capital Securities LLC, a leading, global boutique investment bank specializing in the financial services industry, announced today that it has named Nicholas J. Sheumack President and Co-Chief Executive Officer of Berkshire. Mr. Sheumack will work alongside Berkshire’s current President & Chief Executive Officer Bruce Cameron who will assume the role of Executive Chairman and Co-Chief Executive Officer.

Mr. Sheumack has 20 years of experience in financial services and has been one of the most active advisors across a diverse range of financial services sectors in recent years. Prior to joining Berkshire in 2015, he was a Managing Director in the global financial institutions practice at Lazard, leading the financial services and financial technology advisory practice for Lazard Middle Market and participating in firm strategy. Previously, Mr. Sheumack was a Managing Director at KBW, Inc. where he built and led the diversified financials practice within investment banking along with the financial sponsor advisory group, was a member of the capital commitment and fairness opinion committees, and participated in the planning of the firm’s own successful initial public offering in November 2006.

Mr. Sheumack said, “It is a honor to serve in this leadership capacity at Berkshire and a privilege to be part of a team of experienced professionals delivering independent strategic and financial advice to closely held and publicly-listed companies on their most important strategic and capital initiatives. Our Co-Founders Bruce Cameron and Bruce McEver pioneered independent financial and strategic advice in the asset management and securities industry more than 30-years ago. Together, they built a firm that has remained unwavering in its focus through multiple economic cycles and quite substantial structural evolution on Wall Street. Berkshire has a rich portfolio of advisory experience with clients from all parts of the world, and I am very pleased that the Berkshire partners see my experience and contributions as complementary. As a team, we discovered a common thread as students of financial market structure evolution who happen to genuinely enjoy providing clients with discreet, independent advice and creative solutions grounded in analytical rigor. As competitive, regulatory and technology paradigms continue to converge and the global economic playing field continues to level, we believe Berkshire will occupy a key position.”

Mr. Cameron said, “A deeply experienced and well-regarded banker, Nick will provide additional leadership and strategic vision to Berkshire. Nick is a proven business originator, and his deep industry knowledge and strong relationships make him a valuable asset to our clients who are seeking unbiased and thoughtful approaches to achieving their own strategic and financial objectives.”

About Berkshire Capital Securities LLC

Founded in 1983, Berkshire is a leading global boutique investment bank focused on providing merger and acquisition, valuation, and other strategic and financial advisory services to closely-held and publicly-listed companies in the global financial services and financial technology industries, along with institutional investors who are active in these areas. Wholly-owned by its employees, Berkshire is headquartered in New York with senior officers based in New York, London, Sydney, San Francisco, Philadelphia and Denver. Berkshire has advised on more completed merger and acquisition transactions within the asset management, wealth management and securities industry than any other investment bank. Berkshire is known for its deep domain experience, analytical rigor, senior level attention to client engagements and extensive relationship network in both North America and globally.