Siebert Monetary Corp. is popping over its prime administration to the following era of the Gebbia household.
Siebert Monetary Corp. is popping over its prime administration to the following era of the Gebbia household. Brothers David and Richard Gebbia will function co-chief govt officers, whereas their father, John J. Gebbia, strikes into the function of board chairman.
The corporate, listed on Nasdaq as SIEB, additionally named John M. Gebbia chief govt of Muriel Siebert & Co., its principal broker-dealer subsidiary. He’ll be part of the guardian firm’s board of administrators as properly.
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Below the brand new association, the co-CEOs will probably be answerable for Siebert’s total technique, enterprise growth and growth.
They plan to focus on widening the agency’s vary of economic providers, forming strategic partnerships, creating new merchandise and spending on expertise. John J. Gebbia will keep concerned as chairman, providing strategic path and oversight.
“This firm has all the time been constructed for the long run from its begin virtually 60 years in the past,” stated John J. Gebbia, chairman of Siebert Monetary. “Our household is dedicated to Siebert and the following 60 years, and I’m proud to proceed working alongside my sons as we construct the following chapter collectively.”
John M. Gebbia will run the brokerage operations at Muriel Siebert & Co. and participate in governance on the parent-company stage.
Richard Gebbia stated the brothers are prepared for the job.
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“We all know this enterprise, we all know the place the alternatives are, and we now have a transparent plan to continue to grow,” Richard Gebbia stated. “We have now been making ready for this activity for many years now, and have the appropriate expertise and ambition to realize it.”
David Gebbia described the household’s philosophy on operating the agency.
“Our perception is that each era has a accountability to go away the enterprise stronger than they discovered it, taking key choices collectively as a household to form its future,” he stated.
The management change comes as Siebert has grown properly past its roots in brokerage. The corporate now presents wealth administration, funding banking, securities lending and monetary expertise, amongst different providers.
It reported $31.2 million in income for the second quarter of 2026, pushed by its inventory borrow and inventory mortgage, funding banking, wealth administration, and advisory models. Siebert has additionally been constructing instruments for tokenized securities, cross-border market entry and new funding merchandise.
The Gebbia household has led the corporate since 2016. The agency’s historical past goes again to Muriel “Mickie” Siebert, who in 1967 turned the primary girl to carry a seat on the New York Inventory Change and later the primary to move one in all its member companies.
Siebert will mark its sixtieth anniversary in 2027.
