Women-Owned Seelaus Enters Market
A press release entitled, "R. Seelaus & Co., LLC Expands into Money Markets with Key Hires and Federal Home Loan Bank Approval," tells us, "R. Seelaus & Co., LLC, a wholly-owned subsidiary of R. Seelaus & Co., Inc. and a SEC/FINRA-registered broker/dealer and Women-Owned Business Enterprise announced today a significant push into Money Market sales and trading in both the agency product, commercial paper and CD product areas. In the agency space, Seelaus is pleased to announce it was named to Federal Home Loan Bank's Authorized Diversity Dealer Group which will give the firm access to its discount note offerings through both the discount window and direct access to its auctions." CEO Annie Seelaus comments, "We are grateful that Federal Home Loan Bank takes its commitment to diversity and working with Women-Owned broker/dealers so seriously. By supporting us through this program, Home Loan Bank ensures we can better serve our institutional client base and most importantly further our mission around providing opportunities for women in finance." The release adds, "In addition, the firm has added Erik Schiele formerly of Bank of New York, to trade commercial paper and Yankee CDs." Schiele tells us, "It is amazing for me to see the wide array of products and professionals here at Seelaus. My hope is to bring my experience in trading, strong relationships with issuers and deep knowledge of the commercial paper and Yankee CD arena to enhance Seelaus' product offering." COO Ben Seelaus adds, "Both of these events are great milestones for R. Seelaus in our continued growth. The short-end of the curve is a place where many of our competitors have thrived and we felt was a logical next step in the evolution of our business offering."
