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Wolfe Research Hires Mike Kiernan as Director of Research, Completes 23rd Banking Transaction


Wolfe Research Hires Mike Kiernan as Director of Research, Completes 23rd Banking Transaction


New York, NY — January 12, 2016 – Wolfe Research has hired research veteran Michael J. Kiernan, CFA as a Managing Director and Director of Research. Mr. Kiernan will replace founder and Managing Member, Ed Wolfe in the role of Director of Research and report directly to Mr. Wolfe.


His primary focus will be to maintain the highest levels of research excellence and add more best-in-class analysts to Wolfe’s expanding research offering. Much of his time will be spent identifying, evaluating and recruiting talent at all levels to support the research team. Another key function will be serving as a mentor for Wolfe’s younger analysts and associates as we seek to develop rising-stars from within the firm.


Mr. Kiernan’s career started with over a decade on the buy side as a portfolio manager. He also has over 10 years’ experience on the sell side where he served in leadership roles; first helping Bear Stearns to obtain the #1 and #2 rankings respectively in research as recognized by institutional clients in the prestigious Greenwich Associates and Institutional Investor All America Research polls. After Bear, Mr. Kiernan served as Deputy Director of Research at Lazard Capital Markets where he helped double their market share with clients and revenue during his 3-year tenure.


Ed Wolfe stated “Mike is the only candidate we considered for the critical role of Research Director. I have known Mike for over a decade and benefitted as an analyst from his insights when I was at Bear Stearns. His strong belief in fundamental research and putting the client first fits our firm’s culture to a tee. Further, as the firm continues to grow Mike will add more depth to our experienced management team, freeing me up to drive growth for the firm through developing new people and products. I plan to focus less on running the business day-to-day and more on our firm’s most important relationships and long term strategic initiatives.”


Wolfe Research also announced that during 2015 its affiliated broker dealer, Wolfe Research Securities (WRS), completed its 23rd banking transaction. In 2012 WRS committed its efforts to expand investment banking, which has resulted in consistent growth in transaction volume and market presence as a strategic advisor, underwriter, or placement agent to its clients. Since that time, WRS has roughly doubled its banking business levels each year in conjunction with a larger team, greater depth in its advisory capabilities and greater breadth in its capital markets offerings.


Head of Investment Banking, Craig Decker noted that “Wolfe continues to expand its presence in both advisory and capital markets transactions, providing a resource for clients who seek more personal attention from their senior bankers than the bulge brackets are providing. Further, Ed Wolfe is a great strategic thinker and, having relinquished his duties as Research Director, is now free to advise corporate clients directly. This will be a tremendous asset to our clients and to our investment banking and advisory business overall.”


About Wolfe Research, LLC and Wolfe Research Securities


Wolfe Research, LLC was founded in 2008 as a research boutique by former Bear Stearns top-ranked Transportation Analyst, Ed Wolfe. The firm has grown to include eight prominent research teams, establishing a reputation for macro research underpinning leading coverage in Transportation, Airlines, Utilities, Energy, and Consumer/Retail. In February 2013, Wolfe was named by Business Insider as one of the top 16 Wall Street firms where employees want to work.


In May 2010, Wolfe Research Securities was launched as an affiliated broker dealer. WRS is comprised of a capital markets group which functions as Wolfe Research’s distribution arm through its trading desk and investment banking. WRS’s Investment Banking Group is a leading financial advisor to public and private companies providing M&A, equity, and debt capital markets advisory and private placements. WRS’ investment bankers have particular expertise functioning as the advocate to CEO’s and business owners, enhancing shareholder value through strategic acquisitions, or maximizing the outcome of a sale process. Wolfe Research, LLC and its affiliates currently employ about 70 full time professionals and continue to actively search for top talent.