RCS Capital Corporation (NYSE: RCAP) (RCAP), the full-service investment firm with operating subsidiaries such as Realty Capital Securities, a distributor of non-traded direct investments, and a broker-dealer network, Cetera Financial Group, announced today the appointment of two new members to its Board of Directors, Larry Roth and Brian Jones, effective immediately.
“We welcome Larry and Brian to the Board and look forward to benefitting from their valuable insight and extensive business expertise to continue to enhance shareholder value,” commented Mark Auerbach, the Company’s Non-Executive Chairman.
Roth serves as Chief Executive Officer of Cetera Financial Group and Jones as Chief Financial Officer of RCAP.
“In Larry, the RCS Capital Board gains a well-respected leader in the retail advice industry with over 30 years of experience building and growing innovative, high performing businesses. As CEO of RCS Capital’s retail segment, Cetera Financial Group, Larry’s presence on the Board will provide additional insight from our senior operational leadership team in addition to a preeminent perspective into, and voice for, the retail advice industry at the Board level,” said Auerbach.
Auerbach commented on the appointment of Jones by saying, “Our Board will benefit from his deep financial expertise and extensive experience in tax accounting. As a Certified Public Accountant, Brian brings additional complex accounting qualifications to an already highly qualified Board. I am confident that our Board will continue to work collaboratively with the RCS Capital management team to capitalize on the significant growth opportunities ahead.”