Binah Capital Group Expands Executive Team with Appointment of Industry Veteran Ryan Marcus as Chief Business Development and Engagement Officer
NEW YORK, May 01, 2025 (GLOBE NEWSWIRE) -- Binah Capital Group, Inc. ('Binah Capital') (NASDAQ: BCG), a leading financial services enterprise that owns and operates a network of firms empowering independent financial advisors, today welcomed Ryan Marcus as its new Chief Business Development and Engagement Officer.
In his new role, Mr. Marcus will work closely with Binah Capital's broker-dealers, including PKS Investments, Cabot Lodge Securities and World Equity Group, to develop and implement long-term business strategies. He will focus on enhancing market presence, building a unified value proposition and driving sustainable growth across the organization.
Mr. Marcus brings a strong record of results-driven leadership, strategic growth execution and a deep understanding of the wealth management space. Known for his authentic, relationship-focused approach, Mr. Marcus has built a career around driving engagement and unlocking value for financial services organizations. He most recently served in senior roles at MarketCounsel, where he led business development and client engagement initiatives.
'Ryan is a rare talent and industry builder who understands how trust, transparency and long-term value are created and maintained,' said Craig Gould, CEO of Binah Capital Group. 'His deep relationships and intuitive grasp of the advisor landscape will strengthen our ability to deliver unparalleled support to our partners. We're thrilled to welcome him as a senior executive at Binah and look forward to working together to execute on our strategic growth plans.'
'MarketCounsel has been so much more than a job to me—it's been a huge part of my life for over a decade. My colleagues have become part of my family, and being part of such a powerful brand has been both personally and professionally rewarding,' said Marcus. 'Being Brian Hamburger's right hand and personal friend through so many chapters has been one of the most meaningful and fulfilling experiences. As I take this next step and join the leadership team at Binah Capital Group, I look forward to making just as big of an impact here as I have at MarketCounsel.'
Mr. Marcus's hiring signifies a meaningful step forward for Binah Capital as it continues to invest in experienced talent to spearhead innovative growth strategies to further enhance our solutions and services.
About Binah Capital Group
Binah Capital Group ('Binah Capital', 'Binah' or the 'Company,' is a financial services enterprise that owns and operates a network of industry-leading firms that empower independent financial advisors. As a national broker-dealer aggregator, Binah specializes in delivering value through its innovative hybrid-friendly model, making it an optimal platform for RIAs navigating today's complex financial landscape. Binah's portfolio companies are built to help advisors run, manage, and execute commission-based business seamlessly while providing best in class resources to support their advisory practice. We don't just offer tools—we cultivate partnerships. Binah Capital Group stands alongside RIAs as a trusted ally, delivering the structure, flexibility, and cutting-edge solutions they need to succeed in an increasingly competitive marketplace.
Contact:
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
an hour ago
- Globe and Mail
LiveOne (Nasdaq: LVO) Appoints Steve Lehman as Vice Chairman
Key Highlights: Former Chairman and CEO of both NASDAQ and NYSE companies, including Premiere Radio, the largest radio network in the U.S., acquired by iHeartMedia Lead LiveOne's M&A efforts Enhance and expand strategic and business initiatives in both live and video platforms Notable Experience: Board member of Valkyrie Bitcoin ETF(Nasdaq) sold to CoinShares LOS ANGELES, June 09, 2025 (GLOBE NEWSWIRE) -- LiveOne (Nasdaq: LVO), an award-winning, creator-first, music, entertainment, and technology platform, announced today the appointment of Steve Lehman as its Vice Chairman. Lehman will leverage his extensive background in business and finance having headed both Nasdaq and NYSE companies, as well as start-up businesses in the media, entertainment, and tech industries. Lehman has extensive experience on both boards of directors, and advisory boards, with companies including Vymedic Biotech, Valkyrie Bitcoin ETF (Nasdaq), CoFoundersLab, DocuSign, Krach Institute for Tech Deplomacy, Ucode and multiple other funded start-ups. Robert Ellin, Chairman and CEO of LiveOne, commented, 'We are excited to welcome Steve Lehman to LiveOne. His extensive expertise in content, media, and strategic growth aligns perfectly with our vision as we continue to innovate and expand in the digital entertainment landscape.' About LiveOne Headquartered in Los Angeles, CA, LiveOne (Nasdaq: LVO) is an award-winning, creator-first, music, entertainment, and technology platform focused on delivering premium experiences and content worldwide through memberships and live and virtual events. LiveOne's subsidiaries include Slacker, PodcastOne (Nasdaq: PODC), PPVOne, CPS, LiveXLive, DayOne Music Publishing, Drumify and Splitmind. LiveOne is available on iOS, Android, Roku, Apple TV, Spotify, Samsung, Amazon Fire, Android TV, and through STIRR's OTT applications. For more information, visit and follow us on Facebook, Instagram, TikTok, YouTube and X at @liveone. For more investor information, please visit Forward-Looking Statements All statements other than statements of historical facts contained in this press release are 'forward-looking statements,' which may often, but not always, be identified by the use of such words as 'may,' 'might,' 'will,' 'will likely result,' 'would,' 'should,' 'estimate,' 'plan,' 'project,' 'forecast,' 'intend,' 'expect,' 'anticipate,' 'believe,' 'seek,' 'continue,' 'target' or the negative of such terms or other similar expressions. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including: LiveOne's reliance on its largest OEM customer for a substantial percentage of its revenue; LiveOne's ability to consummate any proposed financing, acquisition, spin-out, special dividend, merger, distribution or transaction, the timing of the consummation of any such proposed event, including the risks that a condition to the consummation of any such event would not be satisfied within the expected timeframe or at all, or that the consummation of any proposed financing, acquisition, spin-out, merger, special dividend, distribution or transaction will not occur or whether any such event will enhance shareholder value; LiveOne's ability to continue as a going concern; LiveOne's ability to attract, maintain and increase the number of its users and paid members; LiveOne identifying, acquiring, securing and developing content; LiveOne's intent to repurchase shares of its and/or PodcastOne's common stock from time to time under LiveOne's announced stock repurchase program and the timing, price, and quantity of repurchases, if any, under the program; LiveOne's ability to maintain compliance with certain financial and other debt covenants; LiveOne successfully implementing its growth strategy, including relating to its technology platforms and applications; management's relationships with industry stakeholders; LiveOne's ability to repay its indebtedness when due; LiveOne's ability to satisfy the conditions for closing on its announced additional convertible debentures financing; uncertain and unfavorable outcomes in legal proceedings and/or LiveOne's ability to pay any amounts due in connection with any such legal proceedings; changes in economic conditions; competition; risks and uncertainties applicable to the businesses of LiveOne's subsidiaries; and other risks, uncertainties and factors including, but not limited to, those described in LiveOne's Annual Report on Form 10-K for the fiscal year ended March 31, 2024, filed with the U.S. Securities and Exchange Commission (the 'SEC') on July 1, 2024, Quarterly Report on Form 10-Q for the quarter ended December 31, 2024, filed with SEC on February 14, 2025, and in LiveOne's other filings and submissions with the SEC. These forward-looking statements speak only as of the date hereof, and LiveOne disclaims any obligation to update these statements, except as may be required by law. LiveOne intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.
Cision Canada
3 hours ago
- Cision Canada
VERSABANK PRESIDENT DAVID TAYLOR TO PRESENT ON THE BANK'S REVOLUTIONARY DIGITAL DEPOSIT RECEIPTS AT FLORIDA BANKERS ASSOCIATION ANNUAL MEETING
LONDON, ON, June 9, 2025 /CNW/ - VersaBank ("VersaBank" or the "Bank") (TSX: VBNK) (NASDAQ: VBNK), a North American leader in business-to-business digital banking, as well as technology solutions for cybersecurity, today announced David Taylor, President of VersaBank, will present on the Bank's revolutionary Digital Deposit Receipts (DDRs) at the Florida Bankers Association's Annual Meeting on Wednesday, June 11, 2025 at 11:00 a.m. In a session titled Introducing the Ultimate Stablecoin – The Only USD Digital Deposit Receipt. Mr. Taylor's presentation will discuss the value of VersaBank's tested, market-ready Digital Deposit Receipts to enable banks of any scale to issue a stablecoin that represents actual deposits with the bank. Mr. Taylor's live address will be available only to those attending in person, however, his presentation slides will be posted to the VersaBank web site following the event. "It is an honour to speak directly to the banking industry about our proprietary Digital Deposit Receipts, which take the concept of a stablecoin to an entirely new level," said David Taylor, President, VersaBank. "With the US Administration's favourable view toward digital assets, we are now seeing the largest banks in the country, as well as the thousands of community banks, exploring the use of stablecoins to modernize payments. Our Digital Deposit Receipt solution is built by a bank, for banks, designed to seamlessly integrate with existing bank software systems while addressing the major concerns of regulators, complete with SOC2 compliance and the highest military grade security. I look forward to showcasing our market ready solution, which seamlessly integrates with existing banking software, as we look to capitalize on this significant opportunity that exists alongside the growth we expect from our Digital Banking operations." ABOUT VERSABANK VersaBank is a North American bank with a difference. Federally chartered in both Canada and the US, VersaBank has a branchless, digital, business-to-business model based on its proprietary state-of-the-art technology that enables it to profitably address underserved segments of the banking industry in a significantly risk mitigated manner. Because VersaBank obtains substantially all of its deposits and undertakes the majority of its funding electronically through financial intermediary partners, it benefits from significant operating leverage that drives efficiency and return on common equity. In August 2024, VersaBank broadly launched its unique Receivable Purchase Program funding solution for point-of-sale finance companies, which has been highly successful in Canada for nearly 15 years, to the underserved multi-trillion-dollar US market. VersaBank also owns Washington, DC-based DRT Cyber Inc., a North America leader in the provision of cyber security services to address the rapidly growing volume of cyber threats challenging financial institutions, multi-national corporations and government entities. Through its wholly owned subsidiary, Digital Meteor Inc. ("Digital Meteor"), VersaBank owns proprietary intellectual property and technology to enable the next generation of digital assets for the banking and financial community, including the Bank's revolutionary Digital Deposit Receipts ("DDRs"). VersaBank's Common Shares trade on the Toronto Stock Exchange and NASDAQ under the symbol VBNK.
Globe and Mail
3 hours ago
- Globe and Mail
Stock Market News for Jun 9, 2025
U.S. stock markets closed sharply higher on Friday to finish a successful first week of June. Market participants were enthused following the release of better-than-expected jobs data for May which evaporates a near-term recession fear. Moreover, positive development on U.S.-China trade talk also bolstered investors' confidence on risky assets like equities. All three major stock indexes ended in positive territory. For the last week, these indexes also finished in green. How Did The Benchmarks Perform? The Dow Jones Industrial Average (DJI) climbed 1.05% or 443.13 points to close at 42,762.87. Notably, 25 components of the 30-stock index ended in positive territory and 5 finished in negative zone. The tech-heavy Nasdaq Composite finished at 19,529.95, surging 1.2% or 231.50 points due to strong performance of technology bigwigs. The major gainer of the tech-laden index was Palantir Technologies Inc. PLTR. The stock price of the AI-enabled Internet-based software maker for intelligence community advanced 6.5%. PLTR currently carry a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. The S&P 500 jumped 1.03% to finish at 6,000.36. Wall Street's most observed benchmark closed above the technically crucial 6,000 level for the first time since Fed 21. All 11 broad sectors of the broad-market index ended in positive territory. The Consumer Discretionary Select Sector SPDR (XLY), the Health Care Select Sector SPDR (XLV), the Communications Services Select Sector SPDR (XLC), the Energy Select Sector SPDR (XLE) and the Financials Select Sector SPDR (XLF) rose 1.3%, 1%, 1.3%, 1.9% and 1.2%, respectively. The fear-gauge CBOE Volatility Index (VIX) was down 9.3% to 16.77. A total of 14.5 billion shares were traded on Friday, lower than the last 20-session average of 17.8 billion. Advancers outnumbered decliners on the NYSE by a 2.14-to-1 ratio. On Nasdaq, a 2.52-to-1 ratio favored advancing issues. Better-Than-Expected Jobs Data The Department of Labor reported that the U.S. economy added 139,000 jobs in May, beating the Zacks Consensus Estimate of 120,000. The metric for April was revised downward by 30,000 to 147,000 from 177,000 reported earlier. Likewise, the metric for March was revised downward by 65,000 to 120,000 from 185,000 reported earlier. Unemployment rate remained same month-over-month at 4.2% in May. The real unemployment rate (including discouraged workers and the underemployed) also remained same month-over-month at 7.8% in May. Average workweek remained flat at 34.3 in May. Average hourly wage rate increased by 0.4% in May, surpassing the Consensus estimate of 0.3% and April's data of 0.2%. Year over year, average hourly earnings increased 3.9% in May, outpacing the Zacks Consensus Estimate of 3.7%. U.S.-China Trade Talk President Donald Trump said that the Treasury Secretary Scott Bessent and two other top level Trump administration officials will hold a talk with their Chinese counterparts in order to negotiate tariffs and trade related disputes between the two largest trading partners of the world. Aside from Bessent, other two U.S. delegators will be Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer. On May 12, the United States and China have decided to for a 90-day pause of tariff implementations. The two countries agreed in a discussion in Switzerland to reach a temporary agreement that 'reciprocal' tariffs between both countries will be cut from 125% to 10%. United States' 20% tariffs on Chinese imports relating to fentanyl will remain intact, meaning total tariffs on China will be 30%. Weekly Roundup Last week was a successful one for Wall Street. The Dow, the S&P 500 and the Nasdaq Composite were up 1.2%, 1.5% and 2.2%, respectively. Positive developments on U.S.-China trade talks and strong nonfarm payrolls in May boosted market participants' confidence in risky assets like equities. Zacks Names #1 Semiconductor Stock It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom. With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028. See This Stock Now for Free >> Palantir Technologies Inc. (PLTR): Free Stock Analysis Report
