MEMPHIS, Tenn., Tuesday, October 27, 2009 – Duncan-Williams, Inc. (DWI) announced today the addition of three financial professionals to its expanding Equity Capital Markets Division.
Coming on board in DWI’s Memphis office are Larry Cervetti and Darren Jones. Mr. Cervetti has joined the Memphis office as a Senior Vice President. Mr. Cervetti has vast experience in the various roles of equity capital markets including institutional sales, equity research, and investment banking. Prior to joining Duncan-Williams Mr. Cervetti worked as a financial advisor at Bank of America and has over 15 years experience in institutional equity sales with FTN Midwest, SunTrust Equitable and Principal Financial Securities.
Darren Jones has joined the Memphis office as a Vice President. Most recently, Jones played a key role in building out an institutional equity research/sales platform at Hilliard Lyons. He began his career in Boston, Massachusetts with Bear Stearns covering middle market institutions managing up to $3 billion in assets. Jones brings 7 years of experience with institutional equity sales.
Joining the San Francisco office as a Senior Vice President is Dirk van Erp. Most recently, van Erp served as Marketing Representative for Insight Capital. Prior to Insight, he was Managing Director for Janney Montgomery Scott, where he was responsible for opening the West coast office for their equity capital markets division. van Erp has also served as Vice President for SunTrust Robinson Humphrey and FTN Midwest Research.
The three financial professionals will work in institutional sales in Equity Capital Markets under the direction of Ben Labry, Executive Managing Director. “We are very excited to announce the hiring of three senior institutional equity sales professionals with an average of over 10 years of experience,” explains Labry. “We will continue to add sales professionals that fit within our model going forward.”
In 2008, Duncan-Williams, Inc. launched its 500 @ 50 initiative, a comprehensive growth plan coordinated with the firm’s 50th anniversary in 2019 to transform DWI into a leading financial services company with approximately $500 million in annual revenue.