Friday, September 4, 2015

THIS TRILLION DOLLAR BLACK WOMAN Is The MOST POWERFUL WOMAN On WALL STREET!!!


suzanne shank









Less than four months after becoming perhaps the first BLACK WOMAN to head a publicly traded financial services institution, SUZANNE SHANK continues to prove why she’s a WOMAN Of POWER!!!
SUZANNE SHANK is CEO of SIEBERT BRANDFORD SHANK & Co., LLC (No. 2 in tax-exempt securities with $7.09 billion in lead issues on the BE Investment Banks list), and acting CEO of Siebert Financial Corporation (a broker/dealer institutional investment bank founded by Wall Street legend Muriel Seibert).
SUZANNE SHANK said;
“I took over [Siebert Financial] in mid- to late September and most of my time has been focused on basic cost containment measures. We really took a hard look at the operations inside out and really instituted a number of savings, consolidating some offices and some very technical things. We are working on some strategic initiatives going forward and my focus this year will be trying to expand the business. We have about 40,000 retail accounts and they’re constantly looking for products. Those customers have about $7.2 billion in their accounts at the firm. They have money and they’re always looking to participate in the capital markets.”
BLACK ENTERPRISE reports for the black-owned Siebert Brandford Shank, the firm continues to face its challenges due to the municipal bond market with volume down some 17%, according to Shank. “We remain the top minority and woman-owned firm in the business and we also remain No. 2 for largest average deal size. But we have faced an environment of increased regulatory requirements and declining spreads and that has had the biggest impact,” she says. “But we’re really struggling with declining spreads, so you have to do more business to reach the same revenues and be very aggressive. It’s a very interesting time in the business. “
But Shank believes her determination and the team efforts will see both businesses through these challenges. Shank’s motto has always been one of persistence – something she likes to impart to those looking to follow her illustrious footsteps. 
SHANK concluded;
“While education and talent are extremely important to attaining success, nothing can replace persistence and determination. Through the ups and downs of business cycles and financial crisis, persistence is what has been most critical to ongoing success.”
-CCG

No comments:

Post a Comment

Welcome to CRAZY COOL GROOVY!!! Please Be RESPECTFUL, Stay On TOPIC, and Keep It CLEAN. THANK YOU.

Related Posts Plugin for WordPress, Blogger...