Focus Financial Partners Appoints Michael Nathanson as Chief Executive Officer
30 Abril 2024 - 7:15AM
Business Wire
Focus Financial Partners Inc. (“Focus”), a leading partnership
of fiduciary wealth management and related financial services
firms, announced that Michael Nathanson, President of Focus, has
been appointed the Company’s Chief Executive Officer, effective
immediately. Dan Glaser, Chairman of Focus’ Board of Directors and
Operating Partner at Focus’ majority investment partner, Clayton,
Dubilier & Rice (“CD&R”), who had been serving as Interim
CEO, has been named Executive Chairman. These pivotal leadership
appointments represent an important pillar of Focus’ continued
evolution as a firm. Moreover, they underscore Focus’ unwavering
commitment to delivering innovative solutions for clients and
advisors while unlocking strategic growth opportunities for the
firm.
In his new role, Mr. Nathanson, a highly respected and
experienced strategic leader in the wealth management industry,
will continue his long track record of building strong, innovative,
growth-oriented organizations that operate at the forefront of the
fiduciary wealth management segment. As Focus’ CEO, he will lead
the design and execution of the firm’s ongoing strategic
priorities, including fostering greater collaboration across the
Focus partnership to facilitate the development of best-in-class
capabilities and services. Mr. Nathanson also remains CEO of The
Colony Group, one of Focus’ largest operating businesses.
In his role as Executive Chairman, Mr. Glaser will remain
involved in Focus’ business and setting its strategic direction.
Mr. Glaser’s more than 40 years of financial services experience
and proven history of operational excellence, including as CEO of
Marsh McLennan, allow him to provide highly valued guidance to both
the Board and Mr. Nathanson, building on the firm’s momentum and
further enhancing capabilities across the Focus partnership.
“Michael is an exceptional leader in our industry, having grown
The Colony Group into one of the largest and best-known firms in
the independent space. His promotion to CEO adds immense value to
Focus’ leadership team,” said Mr. Glaser. “Michael has been
instrumental in executing our evolved strategy, delivering strong
momentum on Focus’ hub expansion, setting our go-forward strategic
vision, and identifying opportunities for collaboration across our
business.”
“It’s been an honor serving as President of Focus and having the
opportunity to work alongside Dan to build upon the momentum that
he and so many others have created for our firm, our advisors, and
our clients,” said Mr. Nathanson. “I’m extremely proud of what
we’ve done together. We’ve made substantial progress already, and I
look forward to continuing the work necessary to further evolve
Focus into the unequivocal industry leader in the fiduciary-advice
space.”
With these new appointments, Focus further strengthens its
reputation as a global leader in wealth management and related
financial services as well as its ability to better serve clients’
and advisors’ complex needs.
About Focus Financial Partners Inc.
Focus is a leading partnership of fiduciary wealth management
and related financial services firms. Focus provides access to best
practices, greater resources, and continuity planning for its
affiliated advisory firms, which serve individuals, families,
employers, and institutions with comprehensive financial services.
Focus firms and their clients benefit from the solutions,
synergies, scale, economics, and best practices offered by Focus to
achieve their business objectives. For more information about
Focus, please visit www.focusfinancialpartners.com.
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