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| 8-K - Merriman Holdings, Inc | v197396_8k.htm |
FOR
IMMEDIATE RELASE
MERRIMAN
CAPITAL HIRES ALEX SEILER
AS
CEO
Financial
Markets Veteran Will Focus on Optimizing Sales and Trading and Growing Recurring
Revenue
SAN
FRANCISCO –
September 24, 2010 – Merriman Holdings, Inc. (NASDAQ: MERR) today
announced the hiring of Alex Seiler as CEO of its broker/dealer, Merriman
Capital, Inc.
Seiler
brings over 30 years of brokerage and asset management experience to Merriman.
He
built and expanded institutional equity business lines at Morgan Stanley and
HSBC as a managing director and equity sales manager. Seiler joined Morgan
Stanley after helping establish and grow UBS’ institutional equity sales and
research presence in North America as managing director and global head of U.S.
equity sales. At HSBC, he was head of global equity research sales
and capital market product distribution. As an asset management executive, he
founded Anchor Point Asset Management and was a senior executive with Atlas
Capital. He is based in Merriman's New York office.
“I’m pleased to welcome Alex to the
firm,” said Jon Merriman, co-chairman of Merriman Holdings, Inc. “Alex’s energy, experience and deep
industry contacts will be a
tremendous asset in helping us to further capitalize and position the firm to
excel at researching, advising, financing and trading fast-growing
companies. His background as a senior executive on
the buy and sell side brings significant insight that will benefit our clients.
With Alex’s help, we can once again turn industry uncertainty into
opportunity that creates profitable long-term growth on behalf of our
shareholders.”
About
Merriman Holdings, Inc.
Merriman
Holdings, Inc. (NASDAQ: MERR) is a financial services firm focused on
fast-growing companies and the institutions that invest in them. The company
offers high-quality investment banking, equity research, institutional services
and corporate & venture services, and specializes in three growth industry
sectors: CleanTech, Consumer, Media & Internet and Technology. For more
information, please go to www.merrimanco.com.
Note
to Investors
This
press release contains certain forward-looking statements based on our current
expectations, forecasts and assumptions that involve risks and uncertainties.
This release does not constitute an offer to sell or a solicitation of offers to
buy any securities of the Company. Forward-looking statements in this release
are based on information available to us as of the date hereof. Our actual
results may differ materially from those stated or implied in such
forward-looking statements, due to risks and uncertainties associated with our
business, which include the risk factors disclosed in our Form 10-K/A filed on
April 30, 2010. Forward-looking statements include statements regarding our
expectations, beliefs, intentions or strategies regarding the future and can be
identified by forward-looking words such as "anticipate,” believe," "could,"
"estimate," "expect," "intend," "may," "should," and "would" or similar words.
We assume no obligation to update the information included in this press
release, whether as a result of new information, future events or otherwise. The
Form 10-K/A filed on April 30, 2010 and the Form 10-Q filed on August 12, 2010,
together with this press release and the financial information contained herein,
are available on our website, www.mcfco.com. Please click on "Investor
Relations."
*
* *
At the
Company:
Peter
Coleman
Chief
Financial Officer
Merriman
Holdings, Inc.
(415)
248-5640