Siebert Financial Corp. Launches Capital Markets Group
Siebert Financial Corp. (NASDAQ: SIEB) has announced the launch of its new Capital Markets Group, marking a strategic expansion into institutional markets. The company has appointed Randy Billhardt, a Wall Street executive with over 30 years of experience, as Head of Capital Markets Group.
Billhardt, formerly with B. Riley Financial, brings significant expertise in capital markets, having led more than 50 debt offerings and raised over $4 billion for firms including Atlanticus, Xoma, Harrow, B&W and Alta Group. Under his leadership, the division will focus on leveraging Siebert's retail distribution network to deliver innovative financial products and strengthen institutional capabilities.
CEO John Gebbia Senior indicated that the company plans to enhance its offerings with IPO underwriting, secondary offerings, and baby bonds. The initiative follows Siebert's expansion in 2024 and aims to create financial solutions for individuals, institutions, and brokers.
Siebert Financial Corp. (NASDAQ: SIEB) ha annunciato il lancio del suo nuovo Capital Markets Group, segnando un'espansione strategica nei mercati istituzionali. L'azienda ha nominato Randy Billhardt, un dirigente di Wall Street con oltre 30 anni di esperienza, come Capo del Capital Markets Group.
Billhardt, precedentemente in B. Riley Financial, porta con sé un'importante esperienza nei mercati dei capitali, avendo guidato oltre 50 emissioni di debito e raccolto più di 4 miliardi di dollari per aziende come Atlanticus, Xoma, Harrow, B&W e Alta Group. Sotto la sua leadership, la divisione si concentrerà sull'utilizzo della rete di distribuzione al dettaglio di Siebert per offrire prodotti finanziari innovativi e potenziare le capacità istituzionali.
Il CEO John Gebbia Senior ha indicato che l'azienda prevede di migliorare la sua offerta con underwriting di IPO, emissioni secondarie e baby bonds. L'iniziativa segue l'espansione di Siebert nel 2024 e mira a creare soluzioni finanziarie per individui, istituzioni e broker.
Siebert Financial Corp. (NASDAQ: SIEB) ha anunciado el lanzamiento de su nuevo Capital Markets Group, marcando una expansión estratégica en los mercados institucionales. La empresa ha nombrado Randy Billhardt, un ejecutivo de Wall Street con más de 30 años de experiencia, como Jefe del Capital Markets Group.
Billhardt, anteriormente con B. Riley Financial, trae una notable experiencia en mercados de capital, habiendo liderado más de 50 ofertas de deuda y recaudado más de 4 mil millones de dólares para empresas como Atlanticus, Xoma, Harrow, B&W y Alta Group. Bajo su liderazgo, la división se centrará en aprovechar la red de distribución al por menor de Siebert para ofrecer productos financieros innovadores y fortalecer las capacidades institucionales.
El CEO John Gebbia Senior indicó que la empresa planea mejorar su oferta con la suscripción de IPO, ofertas secundarias y bonos pequeños. La iniciativa sigue la expansión de Siebert en 2024 y tiene como objetivo crear soluciones financieras para individuos, instituciones y corredores.
Siebert Financial Corp. (NASDAQ: SIEB)는 새로운 자본 시장 그룹의 출범을 발표하며 기관 시장으로의 전략적 확장을 알렸습니다. 회사는 30년 이상의 경험을 가진 월스트리트 경영자 랜디 빌하르트를 자본 시장 그룹의 책임자로 임명했습니다.
빌하르트는 이전에 B. Riley Financial에서 근무했으며, 50건 이상의 부채 공모를 주도하고 Atlanticus, Xoma, Harrow, B&W 및 Alta Group을 포함하여 40억 달러 이상을 조달한 자본 시장에 대한 풍부한 전문 지식을 가지고 있습니다. 그의 리더십 아래 해당 부서는 Siebert의 소매 유통 네트워크를 활용하여 혁신적인 금융 상품을 제공하고 기관의 역량을 강화하는 데 주력할 것입니다.
CEO 존 겝비아 시니어는 회사가 IPO 인수, 2차 발행 및 베이비 본드로 제공을 강화할 계획이라고 밝혔습니다. 이 이니셔티브는 2024년 Siebert의 확장에 따른 것이며, 개인, 기관 및 중개인을 위한 금융 솔루션을 창출하는 것을 목표로 하고 있습니다.
Siebert Financial Corp. (NASDAQ: SIEB) a annoncé le lancement de son nouveau Capital Markets Group, marquant une expansion stratégique dans les marchés institutionnels. La société a nommé Randy Billhardt, un cadre de Wall Street avec plus de 30 ans d'expérience, comme responsable du Capital Markets Group.
Billhardt, anciennement chez B. Riley Financial, apporte une expertise significative dans les marchés de capitaux, ayant dirigé plus de 50 émissions de dettes et levé plus de 4 milliards de dollars pour des entreprises telles qu'Atlanticus, Xoma, Harrow, B&W et Alta Group. Sous sa direction, la division se concentrera sur l'exploitation du réseau de distribution de détail de Siebert pour offrir des produits financiers innovants et renforcer les capacités institutionnelles.
Le CEO John Gebbia Senior a indiqué que l'entreprise prévoit d'améliorer son offre avec des souscriptions d'IPO, des émissions secondaires et des baby bonds. Cette initiative fait suite à l'expansion de Siebert en 2024 et vise à créer des solutions financières pour les particuliers, les institutions et les courtiers.
Siebert Financial Corp. (NASDAQ: SIEB) hat die Einführung seiner neuen Capital Markets Group angekündigt, was eine strategische Expansion in die institutionellen Märkte darstellt. Das Unternehmen hat Randy Billhardt, einen Wall-Street-Manager mit über 30 Jahren Erfahrung, zum Leiter der Capital Markets Group ernannt.
Billhardt, zuvor bei B. Riley Financial, bringt umfassende Expertise in den Kapitalmärkten mit, da er mehr als 50 Schuldtitelangebote geleitet und über 4 Milliarden Dollar für Unternehmen wie Atlanticus, Xoma, Harrow, B&W und Alta Group gesammelt hat. Unter seiner Leitung wird sich die Abteilung darauf konzentrieren, das Einzelhandelsvertriebsnetz von Siebert zu nutzen, um innovative Finanzprodukte anzubieten und die institutionellen Fähigkeiten zu stärken.
CEO John Gebbia Senior gab an, dass das Unternehmen beabsichtigt, sein Angebot durch IPO-Underwriting, Sekundärangebote und Baby Bonds zu erweitern. Die Initiative folgt auf die Expansion von Siebert im Jahr 2024 und zielt darauf ab, finanzielle Lösungen für Einzelpersonen, Institutionen und Broker zu schaffen.
- Expansion into institutional markets through new Capital Markets Group
- Appointment of experienced executive with track record of raising $4+ billion in debt offerings
- Planned expansion into IPO underwriting and secondary offerings
- Enhanced retail distribution network capabilities
- None.
Insights
The launch of Siebert's Capital Markets Group represents a strategic pivot that could significantly boost revenue streams. Randy Billhardt's track record of raising <money>$4 billion</money> through 50+ debt offerings signals strong execution capabilities. His expertise in unsecured notes and preferred stock issuance positions Siebert to capture higher-margin institutional business while leveraging its existing retail network.
The expansion into IPO underwriting and secondary offerings could generate substantial fee income, while ATM capabilities provide a steady revenue stream. For a company with a market cap of <money>$127.4 million</money>, this move could materially impact financial performance. Think of this as a boutique shop adding a premium service line - it's not just about new products, but about accessing more profitable market segments.
The timing of this strategic expansion aligns with current market dynamics where retail brokerages face margin pressure from zero-commission trading. By diversifying into institutional services, Siebert creates a hedge against retail revenue volatility. Billhardt's connections from B. Riley Financial could accelerate client acquisition in the institutional space.
The baby bonds initiative is particularly interesting - these fixed-income securities typically appeal to retail investors seeking steady income, creating natural synergy between the new institutional capabilities and Siebert's existing retail base. This hybrid approach could provide competitive advantages over pure-play retail or institutional firms.
The strategic value extends beyond immediate revenue potential. Having worked with prominent firms like Atlanticus and Xoma, Billhardt brings established relationships that could fast-track Siebert's institutional market penetration. His experience with B. Riley Financial, a successful middle-market investment bank, suggests he understands how to scale capital markets operations in Siebert's target segment.
For context, successful mid-tier investment banks typically generate <percent>30-40%</percent> of revenues from capital markets activities. If Siebert can capture even a modest share of this market, it could transform their business model and valuation metrics.
Siebert appoints established Wall Street executive Randy Billhardt as Head of Capital Markets Group division to enter Institutional Markets and amplify Retail Growth
NEW YORK, Jan. 08, 2025 (GLOBE NEWSWIRE) -- Siebert Financial Corp. (NASDAQ: SIEB) today announced the launch of its new Capital Markets Group, a significant step in the company’s strategic expansion into institutional markets, further enhancing its retail growth. Randy Billhardt, a seasoned Wall Street executive with more than 30 years of experience, including leadership roles at B. Riley Financial, will lead the division as Head of Capital Markets Group.
Billhardt brings a wealth of expertise and a proven track record in capital markets, making him an ideal leader to drive this transformative initiative. He has been delivering remarkable results in capital markets for more than 15 years and is an established leader and partner in unsecured notes and preferred stock issuance.
Billhardt’s product expertise and execution capabilities have enabled his team to book more than 50 debt offerings, raising more than
“This is an exciting milestone for Siebert. We couldn’t ask for better talent than Randy,” said John Gebbia Senior, CEO of Siebert Financial. “His understanding of the institutional landscape combined with his leadership acumen puts us in a great position to unlock tremendous growth opportunities and better serve our clients. Given his expertise you can expect Siebert to enhance our offerings with things like IPO underwriting, participating in secondary offerings and offering baby bonds.”
“I’m honored to join a reputable Wall Street firm at this pivotal moment. The launch of the Capital Markets Group reflects Siebert’s forward-thinking strategy, and I’m thrilled to lead this effort to expand our institutional platform and deliver exceptional value to our clients,” said Mr. Billhardt. “I look forward to focusing on the newly launched Capital Markets Group while continuing to help issuers raise capital by leveraging our retail distribution and At-the-Mkt (ATM) capabilities.”
The launch of the Capital Markets Group aligns with Siebert’s ongoing commitment to innovation and client success following its expansion in 2024. This initiative underscores the firm’s mission to create financial solutions that empower individuals, institutions and brokers to thrive in today’s dynamic markets.
About Siebert Financial Corp.
Siebert is a diversified financial services company and has been a member of the NYSE since 1967 when Muriel Siebert became the first woman to own a seat on the NYSE and the first to head one of its member firms.
Siebert operates through its subsidiaries Muriel Siebert & Co., LLC, Siebert AdvisorNXT, LLC, Park Wilshire Companies, Inc., RISE Financial Services, LLC, Siebert Technologies, LLC and StockCross Digital Solutions, Ltd, and Gebbia Entertainment LLC. Through these entities, Siebert provides a full range of brokerage and financial advisory services including securities brokerage, investment advisory and insurance offerings, securities lending, and corporate stock plan administration solutions in addition to entertainment and media productions. For over 55 years, Siebert has been a company that values its clients, shareholders, and employees. More information is available at 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.
Media Contact:
Deborah Kostroun, Zito Partners
deborah@zitopartners.com
+1 (201) 403-8185
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