Focus Financial Partners announced Monday that Michael Nathanson, CEO of The Colony Group, which Focus acquired in 2012, will serve in the newly created role of president of Focus. Mitch Kovitz, founder and co-chief investment officer of Kovitz, another partner firm, will serve as vice chairman of Focus.
Focus said that Nathanson and Kovitz will continue in their current positions with their respective firms.
“These appointments are not just about filling positions; they are about bringing in fresh, dynamic perspectives to our leadership team,” Dan Glaser, chairman and interim CEO at Focus, said in a statement. “We are committed to evolving and embracing new ideas, ensuring that Focus Financial Partners remains at the forefront of the financial services industry.”
Focus has seen some changes in top leadership since it was acquired last August by funds affiliated with private equity firms Clayton Dubilier & Rice and Stone Point Capital.
In October, Rudy Adolf, the company’s founder and CEO, announced he was retiring. He was replaced as interim CEO by Glaser, who in addition to serving as chairman of the company’s board is a partner at Clayton Dubilier & Rice.
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