Press Release

Jun 2, 2016

Janney Expands New York Institutional Equity Sales Team

PHILADELPHIA, PA –June 2, 2016 – Janney Montgomery Scott announced today the hiring of two senior sales professionals to join their New York Institutional Equity Sales team. Andy Ballou and Glenn Skolnick have joined the firm as Managing Directors and will report to Andrew Maddaloni, Director of Research and Head of Equity Sales.

"We are pleased to announce the hiring of Andy and Glenn, two high quality individuals whose collective knowledge, work ethic and relationships will be embraced by our organization,” said Andrew Maddaloni, Director of Research and Head of Equity Sales. “Andy and Glenn will work together with Ed Armstrong, Michael Nolan, and Blair Smith, in providing full, dedicated and cohesive coverage to our New York institutional clients.”

Mr. Ballou joins Janney from RBC Capital Markets, where he spent the past 14 years in Institutional Equity Sales covering long-only and hedge fund accounts in New York and Connecticut. Prior to RBC, Andy spent time in Equity Research at CIBC and Credit Suisse, having started his career at Merrill Lynch. Mr. Ballou has an undergraduate degree from Hampden–Sydney College.

Mr. Skolnick, with over 20 years of industry experience, comes to Janney from BMO Capital Markets, where he spent the previous five years as a senior Institutional Sales professional covering New York hedge fund and long-only accounts. Prior to BMO, Glenn was a senior salesperson at Morgan Keegan, WR Hambrecht and Wachovia. Mr. Skolnick began his career in Equity Research at Bear Stearns and earned an undergraduate degree from Cornell University.

“The additions of Andy and Glenn build on a theme of disciplined growth in our Equities business and we will continue to add talented professionals on a targeted and strategic basis moving forward” said Joe Culley, Head of Equities & Investment Banking. “Our culture of adhering to a set of core values, placing the best interest of the client first and staying focused on the quality of the client experience, is embodied by these two professionals.”

About Janney Montgomery Scott

Janney provides advice to individual, corporate and institutional clients. Our expertise includes guidance about asset management, corporate and public finance, equity and fixed income investing, equity research, institutional equity and fixed income sales and trading, investment strategy, financial planning, mergers and acquisitions, public and private capital raising, portfolio management, retirement and income planning, and wealth management. Janney is an independently-operated subsidiary of The Penn Mutual Life Insurance Company and is a member of the New York Stock Exchange (NYSE), Financial Industry Regulatory Authority (FINRA) and Securities Investor Protection Corporation (SIPC). Additional company information is available at

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