Industry News
The firm has promoted one new partner and five managing directors.
Main problems commonly cited by institutions were underperformance and outcomes that differ from the intended result, according to the report.
New director of institutional business development joins from Lazard Asset Management.
The investment advisor absorbed substantially all the wealth and investment management firm’s $1.75 billion in assets in a deal that closed earlier this month.
The firm has made a strategic minority investment in an investment advisor that has $6 billion in assets under management and advisement.
The firm has completed its acquisition of a specialist global ESG and impact fixed-income investment manager, adding approximately $1 billion to its total assets under management.
The transaction is expected to close no later than the middle of 2023.
The firm appointed its president and ceo as board chair and hired a new executive director for enterprise and operational risk.
The university promoted its associate v.p. to cfo last month after they had been filling the role on an interim basis since July.