NEW YORK--(BUSINESS WIRE)--Siebert Financial Corp. (NASDAQ: SIEB), a provider of financial services, is excited to announce today the hiring of Anthony Palmeri and Jerry Losurdo to lead Siebert’s Securities Finance Group within its broker-dealer subsidiary, Muriel Siebert & Co., Inc. (“MSCO”).
Mr. Palmeri joins Siebert from JPMorgan Chase & Co. where he was an Executive Director, and Mr. Losurdo joins Siebert from TD Prime Services, LLC where, as a Managing Director, he led its Securities Lending and Equity Finance division. As industry-leading professionals, they have a combined 75 years of experience and will also bring on Jen Cahalan and Michael Scotti as part of their team.
Mr. Palmeri and Mr. Losurdo join Siebert’s Securities Finance Group which was acquired at the beginning of 2020. The new leaders will be leveraging their expertise and connections as well as the current strength of the division to further drive results.
Gloria E. Gebbia, controlling shareholder and board member of Siebert, commented on the new hires saying, “Mr. Palmeri, Mr. Losurdo and their team are great additions to the Siebert family. This very dynamic team will build upon the success of our current Securities Finance Group, and will be critical to getting it to the next level. We have just begun to explore the avenues in which this new team can positively impact our business lines and will be key components in continuing the growth of Siebert.”
“Siebert is poised to grow in tremendous ways and I am excited to be a part of the Securities Finance Group,” said Mr. Palmeri. “I know our team, alongside the current employees, can make this division an even bigger powerhouse for Siebert. We’re looking forward to continuing Siebert’s growth story and expanding upon the strong foundation that has been built.”
Mr. Losurdo also commented, “It is exciting to join a Securities Finance Group that has already shown incredible potential and growth. Siebert is an extraordinary firm with an entrepreneurial spirit that understands growth and risk management in today’s competitive world, and we are excited to provide additional leadership and expertise to take this division to new heights.”
Notice to Investors
This communication is provided for informational purposes only and is neither an offer to sell nor a solicitation of an offer to buy any securities in the United States or elsewhere.
About Siebert Financial Corp.
Siebert Financial Corp. is a holding company that conducts its retail brokerage business through its wholly-owned subsidiary, Muriel Siebert & Co., Inc., which became a member of the New York Stock Exchange ("NYSE") in 1967 when Ms. Siebert became the first woman to own a seat on the NYSE and the first to head one of its member firms. The company conducts its investment advisory business through its wholly-owned subsidiary, Siebert AdvisorNXT, Inc., a registered investment advisor, and its insurance business through its wholly-owned subsidiary, Park Wilshire Companies, Inc., a licensed insurance agency. Siebert conducts operations through its wholly-owned subsidiary, Siebert Technologies, LLC., a developer of robo-advisory technology. Siebert also offers prime brokerage services through its fifth wholly-owned subsidiary, WPS Prime Services, LLC, a broker-dealer registered with the SEC. Siebert is headquartered in New York City with offices throughout the continental U.S. More information is available at www.siebert.com.
