Preferred Capital Securities LLC, an independent managing broker-dealer, has hired Claire McLean as chief operating officer and president of Preferred Shareholder Services.
“With her industry background, leadership experience and track record, we are confident Claire is the right person for this key role,” said Jeff Smith, chief executive officer of Preferred Capital Securities. “At PCS, we believe our broker-dealer/registered investment advisor partners and certainly the investors deserve best-in-class service and with Claire on our team we are positioned perfectly to deliver on that.”
McLean previously served as a managing director in the assurance services practice of Ernst & Young LLP. With more than 20 years serving the financial services industry, she advised a range of clients, from start-up businesses to multinational corporations, both privately held and publicly traded. She has experience serving super regional banks, community banks, broker-dealers, mortgage companies, payments & technology companies, asset management companies and funds.
McLean has a bachelor’s degree in accounting, as well as a Master of Accountancy, from Auburn University.
Preferred Capital Securities is a third-party managing broker-dealer focused on the wholesale distribution of alternative investments to independent broker-dealers and registered investment advisors across the United States and Puerto Rico. Since inception in 2011, the company has reportedly raised $3 billion in retail capital across eight offerings which have issued approximately $1 billion in liquidity for its investors.