Seth Michaels

Managing Director – Prime Brokerage Services
smichaels@maximgrp.com

Seth brings over twenty years of experience in prime brokerage and equity finance to the position. Seth joined from JonesTrading Institutional Services where he was Head of Advisor Services. Prior to JonesTrading, Seth had been with Barclays Capital (formerly Lehman Brothers) for over seven years in a number of senior roles. Seth’s last role at Barclays was as the Global Business Architect for the Equity Finance business within Barclays Capital Prime Services, responsible for business re-engineering, process improvements and platform build out for a £300 million global business.

Seth had also managed Neuberger Berman Clearing Services (A Lehman Brothers Company) that provided execution, reporting, custody and clearing services to correspondent broker dealers, registered investment advisors and hedge funds. Seth improved business profitability from break-even to over 40% profit before taxes, by aggressively managing direct and indirect costs – while improving service levels across all aspects of the business. Seth led the successful sale of NBCS to Pershing, achieving almost perfect client conversion and a high revenue multiple sale price.
Seth began his financial services career in the Prime Brokerage business of Goldman Sachs and was a member of the team responsible for global strategic business and technology platform development. Seth has a Bachelor of Science degree from Union College, an MBA from Carnegie Mellon University and is series 7, 66 and 24 licensed. He resides in Summit, New Jersey with his wife and two children.

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