Cresset names Dheeraj Soni chief technology officer

Cresset, the Chicago-based multi-family office, its new chief technology officer, adding a leader whose career has run through the same wirehouse firms as CEO Susie Cranston.

The RIA and multifamily office announced Tuesday that it has named Dheeraj Soni as CTO, succeeding Paul Algreen.

Algreen left Cresset at the end of March, according to a representative for Cresset. He has since joined Dodge & Cox, a San Francisco-based investment firm with a nearly 100-year history, as chief technology officer, according to his LinkedIn profile.

Algreen had led Cresset's technology and digital transformation strategy after joining the firm from Janus Henderson Investors, where he served as chief information officer.

Soni most recently served as managing director and head of trading at Cresset. Before that, he was chief technology officer of JPMorgan Advisors, where he oversaw enterprise-wide trading modernization and platform integration, and spent more than a decade at First Republic Bank as head of wealth management technology, where he helped build the firm's wealth platforms as assets grew from $35 billion to more than $350 billion.

Cranston joined First Republic in 2013 as executive vice president of private wealth management and later became chief operating officer, building the bank's private wealth business from roughly $30 billion to $275 billion in assets. When JPMorgan Chase acquired First Republic's operations in 2023, Cranston moved into the role of chief operating officer and head of integration at JPMorgan, before joining Cresset in 2024 as president and later being named CEO this year.

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In total, Soni brings nearly 30 years of experience across wealth management, private banking, prime brokerage, asset management, institutional trading and investment banking. In his new role, Soni will lead Cresset's technology organization, overseeing the firm's trading platform, cybersecurity strategy and execution capabilities, in addition to the firm's broader technology infrastructure.

"A secure, scalable, and innovative technology platform is key to our success and allows us to provide our clients with the high level of service and bespoke solutions they've come to know from Cresset," Soni said in the announcement. "I look forward to building on the foundation as we continue to grow."

Cranston, in the same release, credited Soni's ability to balance innovation with operational discipline, calling him "exactly the type of leader our clients and team expect and deserve."

A broader leadership build-out

The CTO hire is the latest in a string of executive additions at Cresset this year. Last month, the firm named Lucas Huizar as executive managing director and general counsel. Huizar joins from Gusto, where he led legal strategy for the payroll and benefits company's retirement business, and previously served as general counsel at fintech firms Guideline and CircleUp Network. He will sit on Cresset's management committee from the firm's San Francisco office.

Before that, Mark Tremblay joined the firm as executive managing director and head of family office services. Tremblay joins from Bessemer Trust, where he was regional director and head of family office management for the Midwest.

Read more: Cresset, Callan Family Office tap veteran leaders for director roles

Cresset reported roughly $78 billion in assets under management and approximately $173 billion in assets under management and advisement as of mid-April.

(Erratum: This story has been updated to correctly reflect Paul Algreen's current affiliation with Dodge & Cox.)