Siebert Financial Corp. Expands with New Investment Banking Arm
Siebert Financial Corp. Introduces Investment Banking Division
Miami and New York - Siebert Financial Corp. (NASDAQ: SIEB) has announced the formation of Siebert Investment Banking, aimed at enhancing services for middle-market clients that are often overlooked by major financial institutions. This division is led by two esteemed professionals, Kimberly Boulmetis and Ajay Asija, who bring extensive expertise in capital markets and financial advisory services.
New Division Focuses on Middle-Market Solutions
Siebert Investment Banking will prioritize tailored solutions for companies within financial services, including sectors like FinTech, depository services, and specialty finance. The division also plans to explore blockchain and digital assets, ensuring it evolves alongside market trends. By leveraging Siebert's established retail distribution network alongside existing institutional channels, the firm aims to offer comprehensive support to underserved companies seeking financial guidance.
Visionary Leadership and Strategic Goals
John J. Gebbia Sr., CEO of Siebert Financial, shared insights about the strategic direction of the firm. "Investment banking is a logical progression for Siebert as we strive to provide top-notch financial solutions to our clients. Kimberly and Ajay's leadership will be pivotal in cultivating a cohesive platform that serves a crucial market segment effectively," he remarked.
Catalysts for Growth: Boulmetis and Asija
Boulmetis and Asija's appointments align with Siebert's recent expansion efforts, particularly in the Capital Markets Group, under the leadership of Randy Billhardt. Ajay Asija brings more than 25 years of investment banking experience, having worked on transactions valued at over $90 billion. Previously, he was the CFO of BM Technologies, where he successfully managed its sale to First Carolina Bank.
Empowering the Middle Market
"The middle market requires the same level of expertise and execution as seen in larger firms," stated Asija. His commitment to offering reliable advisory services to clients highlights a common goal at Siebert – to fill the void for businesses in need of dedicated support.
Kimberly Boulmetis: An Asset to Siebert
Kimberly Boulmetis is another vital addition to this division, having spent over 25 years specializing in debt capital markets. Recently, she led the U.S. Financial Institutions for the DCM group at Mitsubishi UFJ Financial Group (MUFG) and has successfully navigated complex financing solutions for a myriad of clients, from banks to closed-end funds. Her expertise is particularly beneficial for '40 Act companies and BDCs, helping them optimize capital costs.
Commitment to Legacy and Growth
Boulmetis expressed her enthusiasm about her new role, saying, "Joining Siebert, a firm founded by the remarkable Muriel Siebert, inspires me to uphold her legacy. The current team, including Randy and Ajay, is poised to deliver exceptional value to our clients, especially in corporate advisory and capital raising sectors." Her passion aligns with Siebert's mission of providing innovative solutions to its clients, enhancing their market presence.
A Boutique Experience in Investment Banking
As financial markets evolve, so does Siebert's commitment to providing a unique investment banking experience. Randy Billhardt elaborated, "Our approach to investment banking will be characterized by a boutique, high-touch framework that maximizes our comprehensive distribution network. The addition of Kimberly and Ajay brings immense expertise to our growing team, and I look forward to seeing how they will enhance our capabilities."
About Siebert Financial Corp.
Founded in 1967, Siebert Financial Corp. is known for its diversified financial services. The company was established by Muriel Siebert, who made history as the first woman to own a seat on the NYSE. Today, Siebert offers a wide array of services through various subsidiaries, including securities brokerage, investment advisory, and corporate stock plan solutions. With over five decades of experience, Siebert remains deeply committed to its clients, shareholders, and personnel.
Frequently Asked Questions
What is the purpose of Siebert Investment Banking?
Siebert Investment Banking aims to serve the middle-market clients often overlooked by larger financial institutions by offering tailored financial solutions.
Who are the leaders of Siebert Investment Banking?
Kimberly Boulmetis and Ajay Asija are at the helm of Siebert Investment Banking, bringing extensive industry experience and leadership skills.
What sectors will Siebert Investment Banking focus on?
The division will focus on financial services, including FinTech, depository services, specialty finance, and will expand into blockchain and digital assets.
How does Siebert Financial differentiate its investment banking services?
Siebert Financial prioritizes a client-centric approach, ensuring a boutique-like experience while leveraging a robust distribution network for comprehensive financial support.
What legacy does Siebert Financial carry?
Siebert Financial is built on the visionary foundations laid by Muriel Siebert, emphasizing a commitment to innovation and excellence in client service.
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