Siebert Financial Welcomes New Head of Institutional Sales
Miami and New York – Siebert Financial Corp. (Nasdaq: SIEB) recently announced the addition of Daniel M. Ondeck as the Head of Institutional Sales. With his base in Washington, D.C., Ondeck will effectively lead the firm's institutional client coverage, focusing on distribution across various sector verticals.
Bringing over 20 years of extensive experience in institutional sales and capital markets, Ondeck's professional journey began in the armed forces as an infantry Captain in the United States Marine Corps. He holds a Bachelor's degree from Denison University and later gained valuable experience in senior sales roles at such firms as FBR Capital Markets and B. Riley Financial.
Contributions to Siebert's Institutional Sales Strategy
In his new position, Ondeck will collaborate closely with Siebert’s investment bankers, originating and distributing offerings across both public and private markets. This includes structured debt and equity services while also coordinating with research and trading teams, ensuring solid support for institutional clients.
“Joining Siebert is an exciting opportunity, and I look forward to contributing to a platform that truly prioritizes client needs,” Ondeck said. He emphasized the firm’s aim to provide innovative capital solutions and unique investment opportunities across new and expanding sectors.
Leadership's Vision for Institutional Growth
Ajay Asija, Co-Head of Investment Banking at Siebert, praised Ondeck’s track record, stating, “His strong institutional relationships were key to raising significant capital at B. Riley, and I am thrilled to be reconnecting with him at Siebert.”
Randy Billhardt, Head of Capital Markets, noted the advantages of Ondeck's appointment. He expressed confidence that his expertise in serving institutional clientele and his leadership would aid Siebert in deepening coverage and broadening distribution while enhancing origination capabilities in public and private markets. Billhardt anticipates immediate positive impacts from Ondeck’s contributions as the firm expands its capital markets, research, and trading services.
Commitment to Client-Centric Solutions
John J. Gebbia, CEO of Siebert Financial, commented on the importance of where the firm is headed. “Dan’s appointment highlights our commitment to expanding Siebert’s institutional capabilities. With his experience and client focus, we aim to grow into new verticals and deliver superior solutions for our clients,” added Gebbia.
About Siebert Financial Corp.
Established in 1967, Siebert is a diversified financial services firm that has maintained its NYSE membership since its founding. Muriel Siebert made history as the first woman to own a seat on the NYSE and the first to lead one of its member firms. Today, Siebert operates through various subsidiaries, offering an array of services from securities brokerage to investment banking and capital markets services.
Through its subsidiaries, including Muriel Siebert & Co., LLC, Siebert AdvisorNXT, LLC, and others, Siebert offers a full suite of financial services, including securities lending, investment advisory and insurance offerings, and corporate stock plan administration. The client-centric approach has driven Siebert's mission over the past 55 years, as they prioritize the needs of their clients, shareholders, and employees.
For further inquiries, you can reach out to Deborah Kostroun at 1-201-403-8185 or via email at dkostroun@zitopartners.com.
Frequently Asked Questions
Who is Daniel M. Ondeck?
Daniel M. Ondeck is the newly appointed Head of Institutional Sales at Siebert Financial, bringing extensive experience in institutional sales and capital markets.
What will Ondeck's role at Siebert involve?
He will lead institutional client coverage, collaborating closely with investment bankers on offerings and distribution across public and private sectors.
What is the significance of Ondeck's appointment?
His experience and strong relationships in the industry are expected to enhance Siebert’s capital markets and institutional offerings.
What services does Siebert Financial offer?
Siebert provides brokerage, investment banking, capital markets services, securities lending, investment advisory, and more through its subsidiaries.
How has Siebert Financial been recognized in its industry?
Since its founding in 1967, Siebert has prioritized client satisfaction, establishing a reputation for excellence as a member of the NYSE.
