Janney has promoted Kevin Reed to senior vice president and head of wealth management, replacing David Penn, who became a senior vice president of wealth management and financial advisor in Bryn Mawr.

Janney Montgomery Scott has promoted Kevin Reed to senior vice president and head of wealth management, replacing David Penn, who became a senior vice president of wealth management and financial advisor in Bryn Mawr, PA.

Reed was most recently managing director of taxable fixed income at Janney, responsible for the firm’s retail and institutional taxable trading and sales businesses as well as fixed income research and strategy.

Reed joined Janney in 2007 from the Radian Group, where he was responsible for credit research and portfolio management for Radian’s $5 billion investment portfolio. Previous experience includes roles in firms including LPL Financial, AIG Advisor Group and Fiserv Securities.