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SAN FRANCISCO (AP) -- Investment banking and asset management firm JPM Group Inc. said Tuesday it formed an investment banking management committee to oversee the company's corporate finance and strategic advisory efforts. The committee will be headed up by Carter Mack, co-president of JMP Securities and director of investment banking. Peter Hunt, the company's director of mergers and acquisitions, and R. Kent Ledbetter, the firm's new director of corporate finance, will also be a part of the committee. Shares of JMP rose 18 cents, or 2.1 percent, to $8.73 in afternoon trading.
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