Bippy M. Siegal
Bippy M. Siegal is a founder of Raycliff Capital, a private investment firm, and serves as its Chief Executive Officer. Mr. Siegal also serves as a principal of Crystal Energy Group, LLC, an oil and gas exploration and production company formed in 2007. He has extensive knowledge and business experience in the areas of financial services, technology, international trade, and oil and gas exploration. He is a founder of Modern Bank, N.A. (formerly known as Excel Bank, N.A.) and has been Chairman since 2005. He has also served as Chairman of the board of directors of its parent bank holding company, Modern Financial, Inc., since its inception in 2006. Mr. Siegal is also the founder of Modern Asset Management LLC, a registered investment advisor, and served as Chairman until its sale in 2011.
From 1999 to 2001, Mr. Siegal founded and served as Chairman of the board of BigVine.com, a web-based provider of small-business services that was acquired by AllBusiness.com, a subsidiary of General Electric Company. From 1996 to 1998, Mr.Siegal co-founded and served as co-president of AmeriCash, Inc., the first national network of stand-alone ATM cash machines. The acquisition of AmeriCash by American Express prompted American Banker to recognize Mr. Siegal as a leading financial service innovator. Prior to AmeriCash, Mr. Siegal founded and led both TransGulf and Palace International, New York-based international marketing and business consulting firms that assisted major U.S. corporations in developing and implementing entry strategies for international developing markets.
Mr. Siegal is involved in numerous philanthropic initiatives, is a life member of The Council on Foreign Relations, and, as a Trustee of Boston University, serves on the university’s Investment Committee and Athletics Committee. Mr. Siegal attended Boston University from 1985 to 1988 and also attended Fordham University.