Maxim Group LLC Appoints Eric B. Cheng, Managing Director, Healthcare Investment Banking

NEW YORK, NY--(Marketwire - Sep 20, 2011) - Maxim Group LLC, a leading full service investment banking, securities and wealth management firm, today announced the appointment of Eric B. Cheng as a Managing Director in the Healthcare Investment Banking Group.

"We are pleased to have an investment banking professional with Mr. Cheng's experience join Maxim Group. Eric has several years of dedicated healthcare investment banking experience with a broad base of knowledge in the bio-technology, medical device and life science sectors of the healthcare industry," said Clifford Teller, Executive Managing Director and Head of the Investment Banking division at Maxim Group.

During his career, Mr. Cheng has managed over 50 transactions totaling over $7.5 billion across a broad range of products including M&A advisory, equity and debt instruments.

Prior to joining Maxim, Mr. Cheng was Director of Life Sciences Investment Banking at BMO Capital Markets and also co-founder and Senior Vice President of the healthcare investment banking group of WR Hambrecht & Co. He has also been an investment banker with Deutsche Bank Securities and Lehman Brothers. Mr. Cheng began his career as a public accountant at Deloitte & Touche. He holds an MBA from Columbia Business School and a B.A. from the University of California, Los Angeles.

About Maxim Group LLC

Maxim Group LLC is a full-service investment banking firm headquartered in New York. Maxim Group provides a full array of financial services including investment banking; private wealth management; and global institutional equity, fixed-income and derivatives sales and trading as well as equity research. The investment banking group focuses on middle market and emerging growth companies within the shipping, energy, health care, technology, retail, and business and financial services sectors. The institutional coverage of Maxim Group spans North and South America, Europe and Asia. Maxim Group LLC is a registered as a broker-dealer with the U.S. Securities and Exchange Commission and is a member of the following: Financial Industry Regulatory Authority (FINRA); Municipal Securities Rulemaking Board (MSRB); Securities Insurance Protection Corporation (SIPC); NASDAQ Stock Market and the NYSE Arca, Inc. To learn more about Maxim Group, visit www.maximgrp.com.