Two wealth management firms have announced changes to their senior leadership.
The Bahnsen Group, formerly part of Morgan Stanley and now aligned with Hightower Advisors and managing more than $7.5 billion, has made several changes including promoting its former family office director, Joseph Klein, to president.
The firm has also appointed Luis Garcia as chief financial officer following his year looking after operations.
“Luis and Joe are respected leaders in our organization who I trust to advance our mission, carry our culture, and relentlessly compete as we pursue our organizational goals,” said David Bahnsen, managing partner and founder, The Bahnsen Group. “We have never shied away from investing the resources into our business that are needed to continue serving clients at the very high standards we set for ourselves. In the last three years alone, we have organically added over $3 billion of new assets under management, and created a robust full-service tax department, risk department, and family office.”
Succeeding Klein as family office director is Nicolas Stanley, former VP of financial planning at Morgan Stanley.
Meanwhile, at Savant, there is also a new chief financial officer as industry veteran, Ahmed Hassanein joins the $30.6 billion AUM RIA with industry C-suite experience at Osaic and Cetera. He has spent the past two years as CFO at Los Angeles-based Signature Estate & Investment Advisors.
“After conducting a nationwide search, we are thrilled to welcome Ahmed to Team Savant and look forward to his strategic contributions to our growth,” said Brent Brodeski, Savant’s founder and CEO. “Ahmed has a proven track record of driving business growth and profitability through sound internal controls, cost optimization, and financial leadership. We have an exciting road ahead of us, and I couldn’t be more pleased to have Ahmed join our executive leadership team.”
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