Affiliate, Arbor Capital Markets
Mr. Palffy has nearly 30 years experience as an investment banker, business consultant and entrepreneur. He began his private sector career as Vice President of Corporate Finance at Johnston-Lemon & Co. (Washington DC) specializing in the public offerings and consolidation of financial institutions. Mr. Palffy returned to Michigan as Vice President of Corporate Finance for First of Michigan where he continued his expertise in financial institution transactions and advisory work. In 1991 he formed JMP Financial, Inc., an independent boutique investment banking firm. In that role he has participated in dozens of transactions in diverse industries including guiding a small savings and loan from $2 million of market capitalization to a $33 million exit in less than two years, developing a lending market for mortgage loan servicing, and negotiating the purchase of Awrey’s bakery out of liquidation distress.
Mr. Palffy began his professional career in Washington D.C. as Walker Fellow in Economics for the Heritage Foundation where he wrote seminal policy papers on the budget process, tax and banking policy and was recognized by the Chamber of Commerce as the “go to” expert on conservative budget policy.
Mr. Palffy was graduated from Kenyon College with Honors in Economics and History, earned an MBA in finance from the University of Michigan, and has completed work towards a PhD in Economics from George Mason University. He has written extensively on numerous economic public policy issues and has served as Adjunct Professor in the Graduate Schools of Business at Wayne State University and Walsh College where has taught Finance, Economics and Public Finance.