Siebert Appoints Raakhee Miller as President of Technology to Drive Innovation and Client Services

Rhea-AI Summary

Siebert Financial Corp. (NASDAQ: SIEB) has appointed Raakhee Miller as President of Siebert Technologies, . With over 25 years of experience in technology leadership, Miller will lead efforts to integrate advanced technologies and enhance Siebert's digital platforms. Her role aims to improve client experience and support, aligning with Siebert's commitment to innovation in the financial industry.

Miller's extensive background includes senior positions at Goldman Sachs, Morgan Stanley, Macquarie, FIS, and Broadridge. This appointment reinforces Siebert's dedication to maintaining its position at the forefront of the financial sector, building on its legacy as a trailblazer founded by Muriel Siebert, the first woman to hold a seat on the New York Stock Exchange.

Positive

• Appointment of an experienced technology leader as President of Siebert Technologies
• Potential for improved digital platforms and client services
• Alignment with company's strategy to stay at the forefront of financial industry innovation

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- Siebert Financial Corp. (NASDAQ: SIEB), a leading brokerage and wealth management firm, is pleased to announce the appointment of Raakhee Miller as the company’s President of Siebert Technologies, LLC.

Raakhee brings over 25 years of experience in technology leadership and innovation, having previously held senior positions at Goldman Sachs, Morgan Stanley, Macquarie and tech giants FIS and Broadridge.

In her new role, Miller will be responsible for leading Siebert’s efforts to integrate advanced technologies and enhance Siebert’s digital platforms, ensuring that clients receive the best possible experience and support.

“We are thrilled to welcome Raakhee Miller to the Siebert family,” said John Gebbia Sr., CEO and Chairman of Board of Directors of Siebert Financial Corp. “Her extensive experience and proven track record in technology and product leadership will be invaluable as we continue to innovate and provide exceptional services to our clients. This appointment underscores our dedication to staying at the forefront of the financial industry.”

Founded by the trailblazing Muriel Siebert, the first woman to hold a seat on the New York Stock Exchange, Siebert has a rich history of breaking barriers and setting standards in the financial industry.

Raakhee Miller said, “I am honored to join Siebert, a company with such a lasting legacy and a forward-thinking vision. As President of Siebert Technologies, I am looking forward to bringing my financial services technology experience to bear in integrating and advancing Siebert’s digital platforms to be sure we are always on the leading edge for our clients.”

About Siebert Financial Corp.

Siebert Financial Corp. (NASDAQ: SIEB) is a diversified financial services company and a leading provider of investment services. Founded by Muriel Siebert, Siebert is dedicated to empowering clients with the tools and resources they need to achieve financial success. For more information, visit https://www.siebert.com/.

Cautionary Note Regarding Forward-Looking Statements

The statements contained in this press release, that are not historical facts, including statements about our beliefs and expectations, are “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements preceded by, followed by or that include the words “may,” “could,” “would,” “should,” “believe,” “expect,” “anticipate,” “plan,” “estimate,” “target,” “project,” “intend” and similar words or expressions. In addition, any statements that refer to expectations, projections, or other characterizations of future events or circumstances are forward-looking statements.

These forward-looking statements, which reflect beliefs, objectives, and expectations as of the date hereof, are based on the best judgment of management of Siebert. All forward-looking statements speak only as of the date on which they are made. Such forward-looking statements are subject to certain risks, uncertainties and assumptions relating to factors that could cause actual results to differ materially from those anticipated in such statements, including, without limitation, the following: economic, social and political conditions, global economic downturns resulting from extraordinary events; securities industry risks; interest rate risks; liquidity risks; credit risk with clients and counterparties; risk of liability for errors in clearing functions; systemic risk; systems failures, delays and capacity constraints; network security risks; competition; reliance on external service providers; new laws and regulations affecting Siebert’s business; net capital requirements; extensive regulation, regulatory uncertainties and legal matters; failure to maintain relationships with employees, customers, business partners or governmental entities; the inability to achieve synergies or to implement integration plans; and other consequences associated with risks and uncertainties detailed in Part I, Item 1A - Risk Factors of Siebert’s Annual Report on Form 10-K for the year ended December 31, 2023, and Siebert’s filings with the SEC.

Siebert cautions that the foregoing list of factors is not exclusive, and new factors may emerge, or changes to the foregoing factors may occur, that could impact its business. Siebert undertakes no obligation to publicly update or revise these statements, whether as a result of new information, future events or otherwise, except to the extent required by the federal securities laws.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240717918583/en/

For further information, please contact:

Deborah Kostroun, Zito Partners

deborah@zitopartners.com

+1 (201) 403-8185

Source: Siebert Financial Corp.

FAQ

Who is Raakhee Miller and what is her new role at Siebert Financial Corp (SIEB)?

Raakhee Miller has been appointed as President of Siebert Technologies, , a subsidiary of Siebert Financial Corp (SIEB). She brings over 25 years of experience in technology leadership and will be responsible for integrating advanced technologies and enhancing Siebert's digital platforms.

What is Raakhee Miller's professional background before joining Siebert (SIEB)?

Before joining Siebert (SIEB), Raakhee Miller held senior positions at Goldman Sachs, Morgan Stanley, Macquarie, and tech companies FIS and Broadridge, accumulating over 25 years of experience in technology leadership and innovation.

How does Raakhee Miller's appointment align with Siebert Financial Corp's (SIEB) strategy?

Raakhee Miller's appointment as President of Siebert Technologies aligns with Siebert Financial Corp's (SIEB) strategy to innovate, enhance digital platforms, and maintain its position at the forefront of the financial industry, ultimately aiming to improve client experience and support.

What is the historical significance of Siebert Financial Corp (SIEB)?

Siebert Financial Corp (SIEB) was founded by Muriel Siebert, the first woman to hold a seat on the New York Stock Exchange. The company has a rich history of breaking barriers and setting standards in the financial industry.