Daniel Hynes
About Daniel Hynes
Daniel Hynes is an independent Class II director of Binah Capital Group, Inc. (BCG), with his term expiring at the 2026 annual meeting. He is Vice Chairman & Managing Director at Jefferies, LLC, and previously served as Deputy Governor, Budget & Economy for the State of Illinois and as Executive Director, Head of Taft Hartley and Large Market Chicago at UBS Asset Management (2015–2018), bringing investment banking, municipal finance, and asset management expertise to BCG’s board . The board has determined Hynes is independent under Nasdaq rules, and independent directors meet in regularly scheduled sessions without management .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| State of Illinois | Deputy Governor, Budget & Economy | Not disclosed | Oversaw 15 agencies; led budget and economic initiatives including proposing, negotiating, and implementing the $95B state budget; directed tax policy and managed debt and capital markets . |
| UBS Asset Management | Executive Director, Head of Taft Hartley and Large Market Chicago | Sep 2015–Dec 2018 | Led institutional segment; asset management coverage . |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Jefferies, LLC | Vice Chairman & Managing Director | Current | Provides investment banking, municipal financing, and asset management products/services nationally . |
Board Governance
| Governance Item | Detail |
|---|---|
| Board classification | Class II director; term expiring at the 2026 annual meeting . |
| Independence | Determined independent under Nasdaq listing standards . |
| Committees | Audit Committee member ; Compensation Committee member and Chair . |
| Independent sessions | Independent directors have regularly scheduled meetings without management . |
| Attendance | Director-specific attendance rates not disclosed in the proxy . |
Fixed Compensation
| Year | Cash Retainer/Fees ($) | Stock Awards ($) | Option Awards ($) | Total ($) |
|---|---|---|---|---|
| 2024 | 60,417 | — | — | 60,417 |
Narrative: In 2024, non-employee directors received annual cash retainers; no equity awards were granted to directors in 2024 .
Performance Compensation
| Program Year | Equity Component | Quantity/Terms | Notes |
|---|---|---|---|
| 2025 | Annual option award | 7,500 options | Non-employee director cash retainer rises to $75,000; grant mechanics (strike, vesting, expiration) not disclosed . |
Observations: Introduction of annual options in 2025 increases at-risk pay and alignment versus the 2024 cash-only structure .
Other Directorships & Interlocks
| Category | Disclosure |
|---|---|
| Current public company boards (other than BCG) | Not disclosed; filings reviewed list executive roles at Jefferies and prior roles at UBS and the State of Illinois, not other public company directorships . |
| Interlocks | None disclosed involving Hynes; family relationships among directors/executives are stated as none . |
Expertise & Qualifications
- Investment banking, municipal finance, and asset management experience; senior leadership roles at Jefferies and UBS .
- Government budgeting and capital markets leadership (Deputy Governor of Illinois; $95B budget, tax policy, debt portfolio management) .
- Board-level independence under Nasdaq standards .
Equity Ownership
| Holder | Shares Beneficially Owned | % of Outstanding |
|---|---|---|
| Daniel Hynes | — | — |
Policies:
- Anti-hedging and anti-pledging policy applies to directors; prohibits hedging, short-sales, derivatives, and pledging of company stock .
Governance Assessment
- Committee leadership and roles: Hynes chairs Compensation Committee and serves on the Audit Committee—key positions for pay oversight and financial reporting risk management. Both committees are composed of independent directors, and members meet Nasdaq and Rule 10A-3 requirements, supporting governance quality .
- Independence and engagement: Determined independent; independent-only sessions are held regularly. Specific meeting attendance rates for Hynes are not disclosed, a minor transparency gap .
- Compensation and alignment: 2024 director pay was cash-only; the 2025 plan adds a 7,500-option grant, improving equity-based alignment (though terms are not disclosed). As of June 2, 2025, Hynes is not listed with share ownership, implying limited “skin in the game” until equity awards vest or are exercised . The company’s anti-hedging and anti-pledging policy is a positive alignment safeguard .
- Conflicts/related-party exposure: No related-party transactions involving Hynes are disclosed; Audit Committee oversees related-party transaction approvals under a formal policy . Strategic and financing arrangements disclosed involve other parties (e.g., guarantees and stock pledge tied to Craig Gould/MHC, Kingswood alliance) and not Hynes .
- RED FLAGS: None disclosed specific to Hynes (no pledging, no related-party transactions, no legal proceedings noted). Watch items: lack of disclosed share ownership as of the proxy date (alignment risk mitigated by 2025 options) and absence of attendance data disclosure .