Attached files
| file | filename |
|---|---|
| 8-K - Merriman Holdings, Inc | v207800_8k.htm |
FOR
IMMEDIATE RELEASE
MERRIMAN HOLDINGS NAMES CEO ALEX SEILER TO BOARD OF
DIRECTORS
SAN FRANCISCO – January 11, 2011 - Merriman
Holdings, Inc. (NASDAQ: MERR), today announced the board appointment of Alex
Seiler, CEO of the firm’s broker-dealer, Merriman Capital, Inc. Mr. Seiler is
filling the board seat that’s being vacated by Andy Arno, who has resigned to
return to Unterberg Capital Partners where he is a major shareholder and
partner.
“We
greatly appreciate Andy’s contribution to the board and Merriman Capital at a
pivotal time in our firm’s history, said Jon Merriman, co-chairman of Merriman Holdings, Inc. “Andy’s abilities, commercially and
culturally, in helping us reposition the firm for renewed growth
over the past year have
been significant. We wish
Andy continued success as he returns to Unterberg and look forward to doing
business with him in his
new role.”
Mr. Seiler joins the Merriman Holdings board
of directors with more than 30 years of brokerage and asset
management experience. He built and expanded institutional
equity business lines at Morgan Stanley and HSBC as a managing director and equity sales manager.
Mr. 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 in the Americas. As an asset management executive, he
founded Anchor Point Asset Management and was a senior executive with Atlas
Capital.
Merriman
continued, “Since being named CEO of Merriman Capital, Alex has made aggressive,
immediate contributions in helping us convert industry uncertainty into
opportunity with a
focus on profitable long-term growth. I believe Alex’s energy and deep industry
experience will
further benefit shareholders and the board in his expanded role.”
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. Merriman specializes in three
industry growth sectors: Technology, CleanTech and Consumer, Media &
Internet. For more information, please go to http://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 November 15,
2010,
together with this press release and the financial
information contained herein, are available on our website, www.merrimanco.com . Please click on
"Investor Relations."
#
# #
At the
Company:
Michael
Doran
General
Counsel
Merriman
Holdings, Inc.
(415)
248-3905