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AlTi Tiedemann Global Announces CFO Transition

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AlTi Global (NASDAQ: ALTI) has appointed Mike Harrington as its new Chief Financial Officer, effective immediately. Harrington, bringing nearly four decades of financial services experience, replaces Stephen Yarad. The outgoing CFO's achievements included securing $450 million in growth capital from strategic partners Allianz X and Constellation Wealth Capital.

Harrington's previous role was CFO at Republic First Bancorp (NASDAQ: FRBK). His experience includes serving as Executive VP and CFO of The Bryn Mawr Trust Company, a $5 billion asset institution, and CFO positions at Susquehanna Bancshares and First Niagara Financial Group. He holds an MBA in Finance from Saint Joseph's University and a B.S. from Bloomsburg University.

AlTi Global (NASDAQ: ALTI) ha nominato Mike Harrington come nuovo Chief Financial Officer, con effetto immediato. Harrington, con quasi quattro decenni di esperienza nei servizi finanziari, sostituisce Stephen Yarad. Tra i successi del CFO uscente c'è stato il reperimento di 450 milioni di dollari in capitale di crescita da partner strategici come Allianz X e Constellation Wealth Capital.

Il precedente ruolo di Harrington era CFO presso Republic First Bancorp (NASDAQ: FRBK). La sua esperienza include posizioni come Executive VP e CFO della The Bryn Mawr Trust Company, un'istituzione con 5 miliardi di dollari di attivi, e ruoli di CFO presso Susquehanna Bancshares e First Niagara Financial Group. Possiede un MBA in Finanza presso la Saint Joseph's University e una laurea in B.S. dalla Bloomsburg University.

AlTi Global (NASDAQ: ALTI) ha nombrado a Mike Harrington como su nuevo Director Financiero, con efecto inmediato. Harrington, que aporta casi cuatro décadas de experiencia en servicios financieros, reemplaza a Stephen Yarad. Entre los logros del CFO saliente se incluye asegurar 450 millones de dólares en capital de crecimiento de socios estratégicos como Allianz X y Constellation Wealth Capital.

El rol anterior de Harrington fue CFO en Republic First Bancorp (NASDAQ: FRBK). Su experiencia incluye haber sido Vicepresidente Ejecutivo y CFO de The Bryn Mawr Trust Company, una institución con activos de 5 mil millones de dólares, y posiciones de CFO en Susquehanna Bancshares y First Niagara Financial Group. Posee un MBA en Finanzas de la Universidad de Saint Joseph y una licenciatura en B.S. de la Universidad de Bloomsburg.

AlTi Global (NASDAQ: ALTI)Mike Harrington을 새로운 최고재무책임자(CFO)로 즉시 임명했습니다. Harrington은 거의 40년의 금융 서비스 경험을 보유하고 있으며, Stephen Yarad를 대체합니다. 퇴임하는 CFO의 성과 중 하나는 Allianz X와 Constellation Wealth Capital와 같은 전략적 파트너로부터 4억 5천만 달러의 성장 자본을 확보한 것입니다.

Harrington의 이전 역할은 Republic First Bancorp (NASDAQ: FRBK)에서 CFO였습니다. 그의 경력에는 50억 달러 자산을 보유한 The Bryn Mawr Trust Company의 부사장 겸 CFO, Susquehanna Bancshares 및 First Niagara Financial Group의 CFO 직위가 포함됩니다. 그는 Saint Joseph's University에서 금융 MBA를, Bloomsburg University에서 B.S.를 취득했습니다.

AlTi Global (NASDAQ: ALTI) a nommé Mike Harrington en tant que nouveau directeur financier, avec effet immédiat. Harrington, qui apporte près de quatre décennies d'expérience dans les services financiers, remplace Stephen Yarad. Parmi les réalisations du CFO sortant figure la sécurisation de 450 millions de dollars de capital de croissance auprès de partenaires stratégiques tels qu'Allianz X et Constellation Wealth Capital.

Le précédent rôle de Harrington était CFO chez Republic First Bancorp (NASDAQ: FRBK). Son expérience comprend des postes de vice-président exécutif et de CFO de The Bryn Mawr Trust Company, une institution de 5 milliards de dollars d'actifs, ainsi que des postes de CFO chez Susquehanna Bancshares et First Niagara Financial Group. Il détient un MBA en finance de la Saint Joseph's University et un B.S. de la Bloomsburg University.

AlTi Global (NASDAQ: ALTI) hat Mike Harrington als neuen Chief Financial Officer (CFO) mit sofortiger Wirkung ernannt. Harrington bringt nahezu vier Jahrzehnte Erfahrung im Finanzdienstleistungssektor mit und ersetzt Stephen Yarad. Zu den Erfolgen des scheidenden CFO gehört die Sicherstellung von 450 Millionen Dollar an Wachstumskapital von strategischen Partnern wie Allianz X und Constellation Wealth Capital.

Harringtons vorherige Position war CFO bei Republic First Bancorp (NASDAQ: FRBK). Zu seiner Erfahrung gehört die Tätigkeit als Executive VP und CFO der The Bryn Mawr Trust Company, einer Institution mit einem Vermögen von 5 Milliarden Dollar, sowie CFO-Positionen bei Susquehanna Bancshares und First Niagara Financial Group. Er hat einen MBA in Finanzen von der Saint Joseph's University und einen B.S. von der Bloomsburg University.

Positive
  • Secured $450M in growth capital from strategic partners
  • New CFO brings 40 years of financial services experience
  • Strong track record of managing multi-billion dollar institutions
Negative
  • Unexpected CFO transition may indicate internal restructuring

NEW YORK--(BUSINESS WIRE)-- AlTi Global, Inc. (“AlTi”) (NASDAQ: ALTI), today announced the appointment of Mike Harrington to Chief Financial Officer, effective immediately. Mr. Harrington replaces Stephen Yarad and brings nearly four decades of experience in financial services across the banking, investment management and asset management industries to the position.

“The board and I are thrilled to welcome Mike as we feel he brings the right mix of experience and expertise in key sectors to support our next phase of growth,” said Michael Tiedemann, Chief Executive Officer of AlTi. “We want to extend our thanks to Stephen for his contributions, which include securing over $450m in growth capital from our strategic partners Allianz X and Constellation Wealth Capital, as well as the initial deployment through several critical acquisitions. As we look ahead, we are confident that our financial function is employing discipline as we seek to optimize our capital structure for the path forward.”

Tim Keaney, Chair of the board at AlTi added, “Mike brings decades of experience in scaling organizations with a keen eye toward cost management and strategic financial oversight. I speak for the entire board in our support for Mike’s appointment, and our guidance as we ensure a seamless transition for the benefit of our shareholders.”

Mike will be reporting to President and Chief Operating Officer Kevin Moran, who will be overseeing the transition.

Additional Details

Mr. Harrington has nearly four decades of experience in the financial services sector. Prior to joining AlTi, he served as Chief Financial Officer of Republic First Bancorp (NASDAQ: FRBK). He previously spent 35 years in various operating roles within the banking, investment advisory and asset management sectors. Notably, he served as Executive Vice President and Chief Financial Officer of The Bryn Mawr Trust Company, a $5 billion asset institution that completed a sale to WSFS Financial Corp in 2021. He also served in CFO roles at Susquehanna Bancshares and First Niagara Financial Group. Mr. Harrington received an M.B.A. in Finance from Saint Joseph's University and a B.S. from Bloomsburg University in Pennsylvania.

About AlTi

AlTi is a leading independent global wealth manager providing entrepreneurs, multi-generational families, institutions, and emerging next-generation leaders with fiduciary capabilities as well as alternative investment strategies and advisory services. AlTi’s comprehensive offering is underscored by a commitment to impact or values-aligned investing. The firm currently manages or advises on over $77 billion in combined assets and has an expansive network with approximately 440 professionals across three continents. For more information, please visit us at www.alti-global.com.

Investor Relations:

Lily Arteaga, Head of Investor Relations

investor@alti-global.com

Media Relations:

Emily Roy, Prosek Partners

pro-alti@prosek.com

Source: AlTi Global, Inc.

FAQ

Who is the new CFO of AlTi Global (ALTI) and when does the appointment take effect?

Mike Harrington has been appointed as AlTi Global's new CFO, effective immediately.

How much growth capital did ALTI secure from Allianz X and Constellation Wealth Capital?

AlTi secured $450 million in growth capital from strategic partners Allianz X and Constellation Wealth Capital.

What was Mike Harrington's most recent position before joining ALTI?

Before joining AlTi, Mike Harrington served as Chief Financial Officer of Republic First Bancorp (NASDAQ: FRBK).

What was Mike Harrington's role at Bryn Mawr Trust Company?

Harrington served as Executive Vice President and CFO of The Bryn Mawr Trust Company, a $5 billion asset institution that was sold to WSFS Financial Corp in 2021.

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