Former Goldman Sachs Senior Investment Banker Joins the Board of SMC/Genesis Financial as Independent Director.

Rhea-AI Summary

SMC Entertainment (OTC: SMCE) has appointed Ms. Sachie McQueen to its Board of Directors. McQueen, a seasoned investment banker with over 10 years of experience in global equity sales, previously worked at Goldman Sachs and Amazon. She expressed excitement about SMC's growth potential in the $3.9 billion Australian Wealth Management industry, where the company aims to consolidate and expand its presence. SMC's majority-owned subsidiary, Genesis Financial, focuses on fintech solutions in wealth management, operating under two regulated Australian entities.

Positive

• Appointment of Sachie McQueen brings significant experience in financial services.
• Genesis Financial positioned to expand in the $3.9 billion Australian Wealth Management industry.

Negative

• None.

Charleston, SC, Feb. 14, 2022 (GLOBE NEWSWIRE) -- SMC Entertainment, Inc. (“SMC” or the “Company”) (OTC: SMCE) and its majority-owned subsidiary, Genesis Financial, Inc. (“Genesis”) - an integrated financial technology company (“Fintech”) with a full suite of digital financial services solutions, is pleased to announce that on February 9^th the company appointed Ms. Sachie McQueen to the Board of Directors.

Ms. McQueen is an acknowledged senior investment banker with over 10 years of global equity sales and research experience in top investment banks such as Goldman Sachs and Credit Suisse. She has been rated Top 3 in Institutional Investors Magazine survey for five consecutive years from 2004-2009. In 2010, Ms. McQueen started working at Amazon.com INC headquarters in Seattle serving as a senior financial analyst providing financial analysis and oversight for Amazon's financial operations.

Quoting Ms. McQueen “I am extremely excited to join the SMC/Genesis Financial as an Independent Director. Knowing that the Company has such high growth potentials, unique opportunities and strong pipelines in the $3.9 billion Australian Wealth Management industry, I am looking forward to contributing my experience and expertise in the financial industry to expand the business, explore new sources and connect the two nations with my fellow Board members. I look forward to helping the company execute in the near future”

“I am honored and look forward to having Sachie join our Board. She not only brings substantial financial business experience but a meaningful understanding of international markets. This compliments the group we are assembling to provide a worldwide investment organization providing products and services to our clients and Advisors without being hampered by geographic boarders.” Stated Chuck Provini Chairman of the Board

About Genesis Financial, Inc.
Genesis, with 23 employees under its purview along with 120 financial consultants, advisors, and representatives, is a fully integrated financial technology company with a full suite of digital financial services solutions. Genesis, focusing on fintech-powered wealth management services, operated its business through two Australian regulated entities in wealth management, tax and accounting advisory services. The two operating subsidiaries are the Ballast Group and The Financial Link Group. For more information, visit www.ballast.com.au and www.tflg.com.au.

The Australian Wealth Management industry has over 25,000 financial advisors managing 2.2 million investors. The annual fees generated by the Wealth Management industry is close to $3.9 billion. According to AITE (2020) at least 10 million adults are underserved or not served at all by the Australian Financial Advisors. Genesis has firmly positioned itself to acquire and consolidate to expand in Australia's fragmented Independent Dealer Group business sector.

About SMC Entertainment, Inc.
SMC is a versatile holding company focused on acquisition and support of proven commercialized financial services and technology (fintech) companies. SMC's multi-discipline growth by acquisition approach is to enhance revenues and shareholder equity. For more information on SMC, visit www.smceinc.com.

Press Release Contact:
Erik Blum
President
SMC Entertainment, Inc.

ron.hughes.operations@gmail.com

Safe Harbor Statement
This press release contains statements, which may constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of the Company, members of its management, and assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements.

FAQ

What recent leadership change occurred at SMC Entertainment?

SMC Entertainment appointed Ms. Sachie McQueen to its Board of Directors on February 9, 2022.

Who is Sachie McQueen and what experience does she bring to SMCE?

Sachie McQueen is a senior investment banker with over 10 years of experience at top firms like Goldman Sachs and a former senior financial analyst at Amazon.

What industry does SMC Entertainment aim to expand in?

SMC Entertainment is focusing on the $3.9 billion Australian Wealth Management industry through its subsidiary, Genesis Financial.

How many employees does Genesis Financial have?

Genesis Financial has 23 employees and works with 120 financial consultants, advisors, and representatives.

What are the key services offered by Genesis Financial?

Genesis Financial offers a suite of digital financial services, focusing on fintech-powered wealth management.