Fund Operator: News round-up
This week's guide for the news you may have missed in the operations space for fund management.
Fund Operator Editor POSTED ON 5/6/2022 9:20:09 AM
Comings and goings
Investment firm Manhattan West has appointed Evren Ozdemir as Chief Operating Officer. In the newly created role, Ozdemir will lead the firm’s infrastructure build-out and strategic initiatives to continue scaling its vertically integrated platform of services and investments. Previous to Manhattan West, Ozdemir was at Surveyor Capital, a unit of Citadel, where he served as Deputy COO. He will lead alongside CEO and Founding Principal Lorenzo Esparza to grow Manhattan West’s alternative asset business.
“Lorenzo and I share a vision for the future of asset management. The marketplace is seeking access to differentiated returns in the form of alternative investments"
Manhattan West was founded in 2016, by a group that departed J.P. Morgan and despite the name is headquartered in Los Angeles.
“Lorenzo and I share a vision for the future of asset management. The marketplace is seeking access to differentiated returns in the form of alternative investments and Manhattan West is delivering that by building a team of top-tier talent and a proprietary, modern investment platform,” said Ozdemir on his hire.
Olson Wealth Group
Andrew Thomas Schmuhl, JD was announced as the new Chief Operating Officer at Olson Wealth Group, a Minneapolis-based multi-family office and independent wealth management firm.
Olson focuses on legacy planning, business succession, and family office services for women. It has announced its business expansion and a growth investment strategy.
Schmuhl will focus on building scalable, client-centric business operations and a long-term company growth strategy.
Before joining Olson Wealth Group, he was Vice President for a Fortune 500 financial services company where he was responsible for leading the pre- and post-close transition and integration work related to the company’s asset acquisition by one of its operating subsidiaries of a multi-billion-dollar AUM fee-based advisory firm. He also served as a member of the Board of Directors and as Chief Operating Officer of the newly combined business where he chaired the Risk Management Subcommittee of the Board, as well as managed teams responsible for investment operations, trust operations, technology, finance, marketing, branding, communications, and strategic initiatives.
London-based Kingswood Group has appointed Christopher Calvocoressi as its Technology Lead to develop a new online portal. Before joining Kingswood, he was a Programme Manager focusing on technology transformation at Schroders Personal Wealth, and previous to this was at EY for eight years.
The hiring follows a recent reshuffle, which included David Lawrence made Chief Executive, replacing Gary Wilder at the end of April.
In new his role, Calvocoressi will be responsible for leading Kingswood’s technology offering and head up the development of ‘Kingswood Go’, an online portal that allows clients to access their investments and hold all of their financial information online and in one place.
Broadshore Capital Partners
Broadshore Capital Partners has appointed Brad Howe as CEO after a decades-long partnership with Bleecker Seaman as co-CEOs, as the latter has retired from the firm. Concurrently, Managing Director Kerri O’Neill was promoted to Chief Performance Officer and joined the company’s Investment Committee; and Managing Director Russell Munn has advanced to the position of Chief Operating Officer.
“Kerri and Russell both have vast knowledge and experience in commercial real estate investment and management that benefits our firm and our clients"
Los Angeles-based Broadshore has more than $6 billion in real estate investments and was founded in 1990.
“Kerri and Russell both have vast knowledge and experience in commercial real estate investment and management that benefits our firm and our clients,” said Howe.
Munn has served as Managing Director at Broadshore with a particular focus on hospitality investments and originations during his 11-year tenure with the firm. As Chief Operating Officer, he will lead the execution of Broadshore’s investment strategies with a focus on increasing profitability, and productivity, and ensuring operational excellence across the company.
As Chief Performance Officer, O’Neill will provide oversight and guidance of asset management activities across the portfolio. She was previously Managing Director and has over 30 years with Broadshore.
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