SAN FRANCISCO, June 20, 2012 /PRNewswire/ -- Merriman Holdings, Inc. (OTCQX: MERR), the parent company of Merriman Capital, Inc., today announced that it has appointed R. Andrew de Pass, CFA to its independent advisory board.
Andrew de Pass recently held a number of senior positions at Greentech Capital Advisors, including partner, senior advisor and advisory council member.
Prior to Greentech, he was the founder and head of Citi's Sustainable Development Investments (SDI) group, a private equity group within Citi Alternative Investments that invested in growth companies in renewable energy, waste and water management, carbon and sustainable products and materials sectors. de Pass's group reviewed over 400 investment opportunities and led a number of successful investments in renewable energy, water and waste companies where he was the lead board member.
He was employed at Citi from 1996 to 2009, and was a managing director from 1998 at Citi Venture Capital International. de Pass has an international track record, having made investments or investment management responsibility for over $1.3 billion of invested capital in North America, South America and Asia.
Prior to Citi, he worked at Morgan Stanley where he held positions in the M&A, Restructuring, Equity Capital Markets and Equity Derivatives departments. While at Morgan Stanley, de Pass worked in New York, Hong Kong and Toronto.
"Andrew's deep background in cleantech and sustainable development sectors as a successful international asset manager and banker on Wall Street will be very beneficial to us," said Will Febbo, Chief Operating Officer of Merriman Capital, Inc. "Applying Andrew's extensive sector expertise will help our team better serve the needs of undiscovered, innovative clean technology companies and their institutional investors. We look forward to him advising our team and clients."
About Merriman Capital, Inc.
Merriman Capital, Inc. is an investment banking firm providing equity and options execution services, market making, and differentiated research for high growth companies. The firm also provides capital raising, advisory, and M&A services. Merriman Capital, Inc. is a wholly owned subsidiary of Merriman Holdings, Inc. (OTCQX: MERR) and is the leading investment banking firm for OTCQX companies. For more information, please go to http://www.merrimanco.com/.
Merriman Capital, Inc. is a registered broker-dealer and member of The Financial Industry Regulatory Authority (FINRA) http://www.finra.org/ and the Securities Investor Protection Corporation (SIPC) http://www.sipc.org/.
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, 2012 and the Form 10-Q filed on May 15, 2012 . 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, 2012 and the Form 10-Q filed on May 15, 2012, together with this press release and the financial information contained herein, are available on our website, www.merrimanco.com. Please click on "Investor Relations."