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NEW YORK - Binah Capital Group, Inc. (NASDAQ:BCG), a prominent financial services firm trading at $2.27 per share, announced today the appointment of Ryan Marcus as Chief Business Development and Engagement Officer. The appointment comes as the company faces challenging market conditions, with its stock down 66% over the past year according to InvestingPro data. Marcus is tasked with spearheading the development and implementation of long-term business strategies for the company’s network of broker-dealers, which includes PKS Investments, Cabot Lodge Securities, and World Equity Group.
With a strong background in strategic growth and wealth management, Marcus’s role will focus on enhancing Binah Capital’s market presence, unifying its value proposition, and driving sustainable growth. His previous tenure at MarketCounsel, where he led business development and client engagement, has equipped him with a reputation for fostering relationships and enhancing organizational value.
Craig Gould, CEO of Binah Capital Group, expressed confidence in Marcus’s ability to deliver support to partners and execute strategic growth plans. With the company generating annual revenue of $164.88 million and maintaining a high shareholder yield despite current market challenges, Marcus’s appointment comes at a crucial time. Marcus himself reflected on his significant tenure at MarketCounsel and expressed enthusiasm for making an impactful contribution to Binah Capital.
The hiring of Marcus represents a strategic move by Binah Capital to invest in experienced leadership to innovate and advance their growth strategies. This effort is aimed at enhancing the solutions and services offered to independent financial advisors through Binah’s hybrid-friendly model and comprehensive resources. For deeper insights into BCG’s financial health and growth potential, including additional exclusive ProTips and detailed financial metrics, visit InvestingPro.
The information in this article is based on a press release statement from Binah Capital Group.
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