BDO United States

BDO United States

BOB SNAPE NAMED PRESIDENT OF BDO CAPITAL ADVISORS, LLC

-Snape Will Succeed Late President Kenneth Csaplar-

Boston, MA - June 1, 2012 - BDO Capital Advisors, LLC (BDO Capital) announced that Bob Snape has succeeded the late Kenneth A. Csaplar, as the firm’s President. With this appointment, Snape will assume primary responsibility for BDO Capital’s oversight and deal execution processes.

“Bob has been instrumental to the company’s success thus far and we feel fortunate to be able to appoint someone with his experience and knowledge to lead the company forward,” said Howard Allenberg, Chief Financial Officer of BDO USA and a member of the BDO Capital Board of Directors.

Snape, who joined BDO Capital as Managing Director in 2010, has more than 23 years of investment banking experience. He has successfully executed more than 100 middle market financial advisory engagements representing more than $6 billion of aggregate transaction value for a variety of clientele, including family-owned businesses, Fortune 500 corporations and leading private equity firms.

Before joining BDO Capital, Snape was a Group Head and Managing Director at Scott-Macon, Ltd., where he led the Consumer & Retail investment banking practice. Prior to Scott-Macon, he was a Managing Director and Senior Investment Banker within the Global Mergers and Acquisitions Group at Banc of America Securities LLC. During his 12-year tenure at Banc of America Securities and predecessor companies, Snape served as head of Middle Market Investment Banking with national M&A origination and execution responsibilities. Snape is qualified as a General Securities Principal and Representative (Series 24 and 7), and has a B.A. in Economics and an MBA in Finance from Boston University.

“We are deeply saddened by the loss of Ken and will miss his hand at the helm. I remain committed to growing the company, and carrying out the vision Ken had for our continued success,” said Snape.

ABOUT BDO CAPITAL ADVISORS, LLC

BDO Capital Advisors, LLC is a middle market boutique investment bank that focuses on four product areas: mergers and acquisitions advisory, corporate finance capital raising, special situations advisory, and board advisory. BDO Capital Advisors, LLC is a separate legal entity and is an affiliated company of BDO USA, LLP, a Delaware limited liability partnership and national professional services firm. BDO Capital Advisors, LLC is a FINRA/SIPC member.

About BDO USA, LLP

BDO is the brand name for BDO USA, LLP, a U.S. professional services firm providing assurance, tax, financial advisory and consulting services to a wide range of publicly traded and privately held companies. For more than 100 years, BDO has provided quality service through the active involvement of experienced and committed professionals. The firm serves clients through more than 40 offices and more than 400 independent alliance firm locations nationwide. As an independent Member Firm of BDO International Limited, BDO serves multinational clients through a global network of 1,118 offices in 135 countries.

BDO USA, LLP, a Delaware limited liability partnership, is the U.S. member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. BDO is the brand name for the BDO network and for each of the BDO Member Firms. For more information please visit: www.bdo.com.