Siebert Appoints Industry Veteran Fredrick Scuteri as COO of its Broker-Dealer Subsidiary

New York, NY – May 8th, 2025 – Siebert Financial Corp. (NASDAQ: SIEB), announced the appointment of Fredrick Scuteri as Chief Operating Officer of its broker-dealer subsidiary Muriel Siebert & Co., LLC. In this role, Scuteri will oversee day-to-day operational functions, trading infrastructure, and platform modernization efforts as the firm continues to scale its brokerage services.

Scuteri brings nearly three decades of experience across institutional trading, asset management, and broker-dealer operations. Prior to joining Siebert, he served as Chief Operating Officer of DriveWealth Institutional, following the firm’s acquisition of Cuttone & Co. He also held the role of Vice President and Head of Trading Operations and Treasury at AQR Capital Management, where he led operations team proving global, multi-asset class coverage for over 250 trading accounts.

“Siebert Financial has a legacy of resilience and reinvention,” said Scuteri. “I look forward to building on that foundation by bringing scalable, tech-forward solutions to our operations. My focus will be on streamlining workflows, increasing transparency, and applying automation and AI to help future-proof the business, without compromising the firm’s commitment to client service and regulatory excellence.”

Under Scuteri’s leadership, Siebert will expand its operational capabilities and continue investing in infrastructure to support growth across institutional and retail channels.

“Fred brings both depth and range to this role,” said John J. Gebbia, CEO of Siebert Financial. “He understands the intricacies of capital markets and, more importantly, he knows how to execute. His ability to turn complexity into clarity is exactly what we need at this stage for the growth of Siebert.”

“Having someone with Fred’s operational rigor and fintech expertise is a significant advantage,” added John M. Gebbia, Principal at Siebert Financial. “He’s already thinking several steps ahead, whether it’s about optimizing capital, improving workflows integrating AI-automation, or preparing our systems for scale. We’re excited to have him on board.”

Scuteri is a FINRA-registered Financial Operations Principal (Series 27) with degrees in Finance, an MBA from St. John’s University, and, lately, certifications in Generative AI and Advanced Prompt Engineering from Vanderbilt University.