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Siebert Financial Appoints Industry Veteran Fredrick Scuteri as Chief Operating Officer of its Broker-Dealer Subsidiary
Globenewswireยท 2025-05-08 12:30
Core Insights - Siebert Financial Corp. has appointed Fredrick Scuteri as Chief Operating Officer of its broker-dealer subsidiary, Muriel Siebert & Co., LLC, to enhance operational functions and modernize trading infrastructure as the firm scales its brokerage services [1][4]. Group 1: Leadership and Experience - Fredrick Scuteri brings nearly 30 years of experience in institutional trading, asset management, and broker-dealer operations, previously serving as COO of DriveWealth Institutional and holding significant roles at AQR Capital Management [2][6]. - Scuteri is a FINRA-registered Financial Operations Principal with degrees in Finance and an MBA, along with recent certifications in Generative AI and Advanced Prompt Engineering [6]. Group 2: Strategic Focus - Scuteri aims to streamline workflows, increase transparency, and integrate automation and AI into operations to future-proof the business while maintaining a commitment to client service and regulatory excellence [4][5]. - Under Scuteri's leadership, Siebert plans to expand operational capabilities and invest in infrastructure to support growth across both institutional and retail channels [4][5]. Group 3: Company Background - Siebert Financial Corp. is a diversified financial services company and has been a member of the NYSE since 1967, known for its legacy of resilience and reinvention [7][8]. - The company operates through various subsidiaries, providing a full range of brokerage and financial advisory services, including securities brokerage, investment advisory, and insurance offerings [8].