RYAN, BECK & CO., West Orange, N.J., said Fenwick Garvey has advised the company of his decision to relinquish the offices or president and chief executive officer effective Aug. 1.

Mr. Garvey, who has been with the investment banking firm for 25 years and its president and CEO for eight, will remain as chairman of the board, focusing on revenue production and new business opportunities for the company while assisting his successor in the transition.

The company has formed a search committee headed by David Tendler, chairman and chief executive officer of Tendler Beretz Associates Ltd.

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