Beneficient Hires Industry Veteran Louise Jones to Lead Capital Markets and Custody Business Line Operations
Beneficient (NASDAQ: BENF) has appointed Louise Jones as Managing Director of Capital Markets and Custody Operations. This hiring aligns with the company's recent acquisition of Mercantile Bank International Corp., an International Financial Entity. Jones will oversee Mercantile Bank's integration and lead the expansion of the company's fee-based alternative asset custody business, including launching a depositary receipt companion business line.
Jones brings four decades of Wall Street experience, notably as the youngest woman to hold a New York Stock Exchange seat. She previously co-founded Cassidy, Jones & Co., Inc., a major NYSE floor brokerage operation, later sold to Sungard Global. Her experience includes roles at Merrill Lynch and Exworks Capital. Jones holds FINRA-registered licenses Series 7, 27, 63 and 66.
Beneficient (NASDAQ: BENF) ha nominato Louise Jones come Direttore Generale dei Mercati di Capitale e delle Operazioni di Custodia. Questa assunzione è in linea con l'acquisizione recente della Mercantile Bank International Corp., un'Entità Finanziaria Internazionale. Jones supervisionerà l'integrazione della Mercantile Bank e guiderà l'espansione dell'attività di custodia di beni alternativi a pagamento dell'azienda, inclusa l'introduzione di una linea di business legata ai certificati di deposito.
Jones porta con sé quattro decenni di esperienza a Wall Street, nota per essere stata la più giovane donna a avere un seggio alla Borsa di New York. In precedenza ha co-fondato Cassidy, Jones & Co., Inc., una grande operazione di intermediazione all'interno della NYSE, poi venduta a Sungard Global. La sua esperienza include ruoli presso Merrill Lynch e Exworks Capital. Jones detiene licenze registrate FINRA, Serie 7, 27, 63 e 66.
Beneficient (NASDAQ: BENF) ha nombrado a Louise Jones como Directora General de Mercados de Capital y Operaciones de Custodia. Esta contratación está alineada con la reciente adquisición de Mercantile Bank International Corp., una Entidad Financiera Internacional. Jones supervisará la integración de Mercantile Bank y liderará la expansión del negocio de custodia de activos alternativos basado en tarifas de la compañía, incluyendo el lanzamiento de una línea de negocio de recibos de depósito.
Jones aporta cuatro décadas de experiencia en Wall Street, destacándose por ser la mujer más joven en tener un asiento en la Bolsa de Nueva York. Anteriormente, cofundó Cassidy, Jones & Co., Inc., una importante operación de corretaje en el piso de la NYSE, que fue vendida posteriormente a Sungard Global. Su experiencia incluye roles en Merrill Lynch y Exworks Capital. Jones posee licencias registradas en FINRA, Series 7, 27, 63 y 66.
Beneficient (NASDAQ: BENF)는 루이즈 존스를 자본 시장 및 수탁 운영의 전무 이사로 임명했습니다. 이번 채용은 국제 금융 기관인 머칸타일 은행 국제 주식회사를 최근 인수한 것과 일치합니다. 존스는 머칸타일 은행의 통합을 감독하고 회사의 수수료 기반 대체 자산 수탁 사업의 확장을 이끌며, 예탁 증명서 동반 비즈니스를 시작할 예정입니다.
존스는 월스트리트에서 40년의 경험을 쌓았으며, 뉴욕 증권 거래소에서 좌석을 보유한 최연소 여성으로 유명합니다. 그녀는 이전에 뉴욕 증권 거래소의 주요 중개 회사인 캐시디, 존스 & 컴퍼니를 공동 설립했으며, 이후 sungard 글로벌에 매각되었습니다. 그녀의 경험은 메릴 린치와 exworks 캐피탈에서의 역할을 포함합니다. 존스는 FINRA 등록 라이센스 시리즈 7, 27, 63, 66을 보유하고 있습니다.
Beneficient (NASDAQ: BENF) a nommé Louise Jones au poste de Directrice Générale des Marchés de Capitaux et des Opérations de Custodie. Cette nomination est en accord avec l'acquisition récente de Mercantile Bank International Corp., une Entité Financière Internationale. Jones supervisera l'intégration de Mercantile Bank et dirigera l'expansion de l'activité de custodie d'actifs alternatifs basés sur des frais de l'entreprise, y compris le lancement d'une ligne d'activité de certificats de dépôt.
Jones apporte quarante ans d'expérience sur Wall Street, se distinguant comme la plus jeune femme à avoir un siège à la Bourse de New York. Elle a précédemment cofondé Cassidy, Jones & Co., Inc., une importante opération de courtage à la NYSE, qui a ensuite été vendue à Sungard Global. Son expérience comprend des rôles chez Merrill Lynch et Exworks Capital. Jones détient des licences enregistrées FINRA, Séries 7, 27, 63 et 66.
Beneficient (NASDAQ: BENF) hat Louise Jones zur Geschäftsführerin für Kapitalmärkte und Depotoperationen ernannt. Diese Einstellung steht im Einklang mit der kürzlichen Übernahme der Mercantile Bank International Corp., einer internationalen Finanzinstitution. Jones wird die Integration der Mercantile Bank überwachen und die Expansion des gebührenbasierten Geschäfts der alternativen Vermögensverwaltung des Unternehmens leiten, einschließlich der Einführung einer Begleitgeschäftslinie für Depotbestätigungen.
Jones bringt vier Jahrzehnte Erfahrung an der Wall Street mit und ist bekannt dafür, die jüngste Frau zu sein, die einen Platz an der New Yorker Börse innehatte. Zuvor war sie Mitbegründerin von Cassidy, Jones & Co., Inc., einem bedeutenden Brokerage-Betrieb an der NYSE, der später an Sungard Global verkauft wurde. Ihre Erfahrung umfasst Rollen bei Merrill Lynch und Exworks Capital. Jones besitzt FINRA-registrierte Lizenzen der Serien 7, 27, 63 und 66.
- Strategic acquisition of Mercantile Bank International Corp. expanding service capabilities
- Appointment of highly experienced Wall Street veteran with 40+ years of expertise
- Expansion into fee-based custody business and depositary receipt services
- None.
DALLAS, Dec. 10, 2024 (GLOBE NEWSWIRE) -- Beneficient (NASDAQ: BENF) (“Ben” or the “Company”), a technology-enabled platform providing exit opportunities and primary capital solutions and related trust and custody services to holders of alternative assets through its proprietary online platform AltAccess, announced the hiring of Louise Jones as Managing Director of Capital Markets and Custody Operations.
Beneficient hired Ms. Jones In connection with the Company’s recently announced transaction to acquire Mercantile Bank International Corp. (“Mercantile Bank”), an International Financial Entity (“IFE”). Among others, the authorized activities of IFEs may include custody, clearing, and payments and related traditional and digital products and services. Ms. Jones is expected to manage the integration of Mercantile Bank and spearhead the expansion of the Company’s fee-based alternative asset custody business, including the launch of a depositary receipt companion business line.
“We are thrilled to have Louise join Beneficient at a critical juncture in advance of integrating Mercantile Bank into our existing business while expanding our products and services,” said Beneficient. “Her deep experience and leadership will be critical as we manage our capital markets activities, grow our core alternative asset custody-related businesses, and commence a depositary receipt companion business line that we believe will be an important area of potential growth.”
Immediately prior to joining the Company, Ms. Jones was engaged as a consultant for the current owner of Mercantile Bank and was tasked with facilitating its sale to a third party. Ms. Jones’ career on Wall Street spans four decades, beginning when she was the youngest woman to hold a seat as a member of the New York Stock Exchange (“NYSE”) and later served on various NYSE member committees and was nominated for Governor of the NYSE. Additionally, Ms. Jones led NYSE’s development and adoption of handheld technology, transforming floor trading and execution. She went on to co-found one of the largest independent NYSE floor brokerage operations, Cassidy, Jones & Co., Inc., which she ultimately successfully sold to Sungard Global. Her tenure as a senior financial advisor at Merrill Lynch and managing director of originations for Exworks Capital further underscores her multifaceted skill set that includes understanding diverse financial products, cultivating strategic partnerships and driving business development.
Her leadership transcends the trading floor; she built, owned and operated Sydney’s Playground, New York City’s largest indoor playground and was the only adoptee to serve on the Board of the New York Foundling Hospital.
Ms. Jones holds FINRA-registered licenses Series 7, 27, 63 and 66.
About Beneficient
Beneficient (Nasdaq: BENF) – Ben, for short – is on a mission to democratize the global alternative asset investment market by providing traditionally underserved investors − mid-to-high net worth individuals, small-to-midsized institutions and General Partners seeking exit options, anchor commitments and valued-added services for their funds− with solutions that could help them unlock the value in their alternative assets. Ben’s AltQuote™ tool provides customers with a range of potential exit options within minutes, while customers can log on to the AltAccess® portal to explore opportunities and receive proposals in a secure online environment.
Its subsidiary, Beneficient Fiduciary Financial, L.L.C., received its charter under the State of Kansas’ Technology-Enabled Fiduciary Financial Institution (TEFFI) Act and is subject to regulatory oversight by the Office of the State Bank Commissioner.
For more information, visit www.trustben.com or follow us on LinkedIn.
Contacts
Matt Kreps: 214-597-8200, mkreps@darrowir.com
Michael Wetherington: 214-284-1199, mwetherington@darrowir.com
Investor Relations: investors@beneficient.com
Disclaimer and Cautionary Note Regarding Forward-Looking Statements
Certain of the statements contained in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements can be generally identified by the use of words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would,” and, in each case, their negative or other various or comparable terminology. The forward-looking statements contained in this press release include, without limitation, statements relating to the anticipated timing of closing the acquisition, benefits of the acquisition and the Company’s anticipated product and service offerings following the closing of the acquisition. These forward-looking statements reflect our views with respect to future events as of the date of this document and are based on our management’s current expectations, estimates, forecasts, projections, assumptions, beliefs and information. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. All such forward-looking statements are subject to risks and uncertainties, many of which are outside of our control, and could cause future events or results to be materially different from those stated or implied in this document. It is not possible to predict or identify all such risks. These risks include, but are not limited to, the ultimate outcome of the acquisition; the Company’s ability to consummate the acquisition in a timely manner or at all; the ability of the parties to satisfy the closing conditions to the acquisition; the possibility that the Company may be unable to successfully integrate Mercantile Bank’s operations with those of the Company or realize the expected benefits of the acquisition; the possibility that such integration may be more difficult, time-consuming, or costly than expected; the risk that operating costs, customer loss, and business disruption (including, without limitation, difficulties in maintaining relationships with employees, contractors, and customers) may be greater than expected following the acquisition or the public announcement of the acquisition; [the Company’s ability to retain certain key employees of Mercantile Bank]; risks related to the entry into a new line of business; the risk factors that are described under the section titled “Risk Factors” in our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings with the Securities and Exchange Commission (the “SEC”). These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this document and in our SEC filings. We expressly disclaim any obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law.
FAQ
Who did Beneficient (BENF) hire as Managing Director of Capital Markets and Custody Operations?
What is the purpose of Beneficient's (BENF) acquisition of Mercantile Bank?
What is Louise Jones's background before joining Beneficient (BENF)?
