Decades of Experience. Still on Deck.

Michael Rafferty is Chairman & CEO of Rafferty Holdings, which he joined in 1999 after serving as a senior bond trader at Merrill Lynch in New York. He is the owner, founder, and manager of multiple operating businesses — including Rafferty Asset Management (Direxion Investments), Hilton Capital, and Rafferty Real Estate — and, reflecting the entrepreneurial spirit that defines Rafferty Holdings, invests through Raff Ventures in early-stage companies spanning capital structure and industry, bringing decades of business-building experience to the emerging businesses he partners with. His non-profit work includes serving on the board of directors of NYU Langone Health System, as Chairman of NYU Langone Long Island, as President Emeritus of Little Flower Family and Children's Services, on the board and executive committee of Chaminade High School, and on the board of Nassau County Crime Stoppers. Michael is a graduate of Chaminade High School and Boston College, where he was captain of the men's tennis team.

Seth Waugh is Chairman of the Board at Rafferty Holdings and serves on the boards of Franklin Templeton Advisors and Workday, Inc. (NASDAQ: WDAY), a transformative leader with an exceptional career across global finance, professional sports, and philanthropy. He spent more than a decade at Deutsche Bank, including over ten years as CEO of the Americas, guiding the bank through a critical period of growth and the complexities of the 2008 financial crisis; earlier he was CEO of Quantitative Financial Strategies (QFS), spent 11 years at Merrill Lynch culminating as Co-Head of Global Debt Markets, and managed the Corporate Bond and International Trading desks at Salomon Brothers. As CEO of the PGA from 2018 to 2024 he led the organization through a golden era of record golf participation and historic membership growth, and he has held senior roles at Silver Lake and Alex. Brown and served on the FINRA Board of Governors. His nonprofit service spans philanthropic, educational, and athletic boards including the International Golf Federation, the 9/11 Memorial & Museum, the Lawrenceville School, and the YMCA; Seth graduated from Amherst College.

‍Barbara Martens is Chief Operating Officer for Rafferty Holdings. She was integral in the company's formation and currently oversees all areas of regulatory compliance. Prior to Rafferty Holdings, Martens was employed by Glass Capital Management and Glass, Sanders, Smith & Miller, both branches of Royal Alliance Associates.

Barbara graduated from Iona College with a B.S. in Political Science.

Henry Mulholland is an Executive Vice President at Rafferty Holdings. Henry brings over 30 years of experience in financial services, primarily in equity sales and trading. Before joining Rafferty Holdings in January 2023, he served as a Trustee for Direxion Funds.

Henry began his career at Drexel Burnham Lambert before embarking on a 25-year tenure at Merrill Lynch. There, he held several senior leadership positions, including Head of Americas Equities for Bank of America Merrill Lynch (BAML).

In addition to his professional pursuits, Mulholland serves as chairman of the board of Student Sponsor Partners, a charitable organization dedicated to helping low-income NYC youth through financial sponsorship and mentorship.

Henry graduated from University of Virginia.

‍Craig O’Neill is an Executive Vice President and CIO of Rafferty Holdings, as well as CEO of Hilton Capital Management, A Rafferty Holdings operating company.

Prior to joining Rafferty Holdings, Craig forged a 20-year track record leading businesses on the sell side of the industry. At Rafferty Capital Markets he oversaw Institutional Equity Research, Sales, and Trading, and later launched their highly successful Prime Brokerage business. Earlier in his career, Craig worked his way up from Equity Option Trader to Partner and Senior Market Maker and Risk Manager for top option specialist firm CDM (an American Stock Exchange member).

Craig graduated from Hobart College.

‍Shari James is the Chief Financial Officer for Rafferty Holdings. Shari plays an integral role across all business lines providing the financial underpinnings for the firm.

She has held senior finance and accounting positions in both the public and private sectors. Shari most recently served as the Chief Deputy Comptroller of Nassau County. Her prior experience includes roles at JPMorgan Chase, City of Long Beach, Bloomberg L.P. and PricewaterhouseCoopers.

Shari graduated from St. John's University with a B.S. in Finance.

‍William “Bill” Curley serves as Vice Chairman for Rafferty Holdings. Bill is a seasoned investment banking professional with more than 30 years of advisory, M&A, managerial, and cross-border experience.

Before joining Rafferty Holdings, Bill served as Vice Chairman of Deutsche Bank, where he led the Washington, D.C. regulatory practice within the bank’s Financial Institutions Group (FIG). He was also responsible for maintaining long-term relationships with the FDIC, Treasury, FNMA, and FHLMC.

Prior to his tenure at Deutsche Bank, Bill’s leadership roles included Managing Director and Head of the Special Finance Group at Lehman Brothers and President, CEO, and Founding Member of Cohane Rafferty Securities, LLC.

Curley graduated from Fairfield University.

‍Sean Martens joined Rafferty Holdings from technology solutions company SMPL Technologies, where he served as President and CEO. Under Marten’s leadership, SMPL expanded its service offerings to include a wide range of IT engineering and support to various businesses nationwide. He also acted as CIO/CTO for Rafferty Capital Markets, Direxion Investments, and Hilton Capital Management.

Prior to working at SMPL Technologies, Martens was a Cisco Practice Manager at TekConnect and as the Garden City School District IT Manager.

Martens is active in the community, where he serves on several boards, including the Garden City Chamber of Commerce and the Garden City Chamber of Commerce Foundation.

Martens attended Hofstra University, earning a degree in Business Computer Information Systems.

Jack Grady is a Vice President at Rafferty Holdings, where he helps lead direct private investing through the Raff Ventures platform. He sources new opportunities, executes transactions across direct investments and co-investments, and works closely with portfolio company founders and operators after close. His focus areas span fintech, AI, industrial and business services, consumer, and defense and dual-use technology.

Grady started his career in the Mergers & Acquisitions group at Citigroup, where he advised public and private companies on sell-side and buy-side transactions across the telecom, healthcare, industrials, and chemicals sectors.

Grady graduated from Boston College and remains active in the school's New York venture capital alumni network.

‍Kate Crowley joined Rafferty Holdings in April of 2018 and is Chief Administrative Officer and Executive Assistant to CEO Michael Rafferty. Before joining Rafferty, Kate worked at Stoli Group USA for 5 years as Executive Assistant to the Marketing team. Prior to Stoli Kate worked at Ralph Lauren for 6 years as Executive Assistant to the President of Rugby Ralph Lauren. Crowley graduated from Hofstra University with a degree in Communications.

‍Dan O'Donnell is an Executive Vice President at Rafferty Holdings. He works across the firm's full platform, Direxion, Hilton Capital, Raff Ventures, and Rafferty Real Estate, partnering with each business's leadership to deepen institutional relationships and find new opportunities across the firm.

Dan joins Rafferty after 17 years as a Managing Director at Jefferies, where he ran the Investment Grade Bond desk. Before that, he spent 15 years at Merrill Lynch across various roles in Fixed Income. He brings 30 years on the sell side, and the relationships and judgment that come with it.

Dan graduated from Boston College in 1990 and earned his MBA in Finance from the University of Michigan in 1995.

He serves on the Foundation Board of the American Junior Golf Association (AJGA) and the Advisory Board of Tremont Sporting Company.

‍Kate DeAngelo is Controller & HR Director at Rafferty Holdings. She is a graduate of the University of Pennsylvania with a B.S. degree in Economics. Ms. DeAngelo started at Lebenthal & Co., LLC as a sales and trading assistant. She has completed a Management Program at Chemical Bank. DeAngelo was a Vice President of Sales & Marketing at Chase.

Brian Wong is the Assistant Controller at Rafferty Holdings, joining the company in 2024. In this capacity, he is responsible for overseeing month end close and audits for Rafferty and its subsidiaries. Brian previously worked as a public auditor at BDO and as a consolidations manager at Take Two Interactive.

Brian is a CPA with more than 10 years of accounting experience in the software, entertainment, and retail apparel industries. He graduated from NYU Stern School of Business with a BA in Finance/Accounting and an M.S. in Accounting.

Drew Quinn is an Associate at Rafferty Holdings, where he focuses primarily on the firm’s venture investing efforts through Raff Ventures.

Prior to joining Rafferty Holdings, Drew worked in Institutional Equity Sales at Wolfe Research as a Generalist, supporting the firm’s institutional client franchise and working closely with senior salespeople, research analysts, and investors on market insights and earnings initiatives.

Drew graduated from Vassar College in 2025, where he served as Captain of the Men’s Lacrosse team.

Jackie joined Rafferty Holdings in 2026 as Executive Assistant to CEO Michael Rafferty. Prior to this role, she served as Executive Assistant to the Chief Operating Officer of Credit & Insurance at Blackstone. Before Blackstone, Jackie worked at Redding Ridge Asset Management, an Apollo affiliate, as an Associate. She holds a Bachelor's degree from The Ohio State University.