Cohen & Steers Appoints Daniel Noonan as Head of Wealth Management Consulting Group

Rhea-AI Summary

Cohen & Steers has appointed Daniel Noonan as Executive Vice President and Head of the Wealth Management Consulting Group, effective June 5, 2024.

With over 20 years of experience, Noonan will lead teams focusing on RIAs, broker-dealers, U.S. private banks, multi-family offices, OCIO, and retirement channels. He reports to Dan Charles, Head of Global Distribution.

Noonan previously served as Senior Managing Director and Head of Enterprise Wealth and Private Capital Group at Nuveen. He also held leadership roles at PIMCO and State Street Global Advisors.

CEO Joe Harvey highlighted the firm's strategy to leverage real assets to address higher inflation, interest rates, and increased market volatility, aiming for attractive risk-adjusted returns and diversification.

Positive

• Appointment of Daniel Noonan with 20+ years of experience to lead Wealth Management Consulting Group.
• Noonan's previous senior roles at Nuveen, PIMCO, and State Street Global Advisors enhance Cohen & Steers' leadership.
• Noonan's leadership aims to expand capabilities across listed and private real estate.
• Focus on real assets to navigate new macroeconomic conditions like higher inflation and interest rates.
• Potential for attractive risk-adjusted returns and diversification through real assets.

Negative

• No mention of immediate financial benefits or impact on revenue from the appointment.
• Potential risks associated with the new strategy focusing heavily on real assets in volatile market conditions.

NEW YORK, June 5, 2024 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) has named Daniel Noonan as Executive Vice President and Head of the Wealth Management Consulting Group. In this role, Mr. Noonan will lead teams focused on the RIA, broker-dealer, U.S. private bank, multi-family office, OCIO and retirement channels. He reports to Dan Charles, Head of Global Distribution.

Mr. Noonan joins Cohen & Steers with over 20 years of financial services experience. He most recently served as Senior Managing Director and Head of Enterprise Wealth and Private Capital Group at Nuveen. Prior to joining Nuveen in 2022, he worked at PIMCO as Executive Vice President and Head of ETF Sales, and at State Street Global Advisors as Managing Director and Head of Wealth Management Sales.

Dan Charles, Head of Global Distribution, said:
"Our Wealth Management Consulting Group continues to be a key organic growth driver for our firm as we innovate new strategies and solutions across real assets and alternative income. Dan's experience, particularly within the private wealth channel, will be critical as we expand our firm's capabilities across both listed and private real estate."

Joe Harvey, Chief Executive Officer and President, said:
"We see an opportunity for financial advisors and their clients to embrace real assets in the new macroeconomic regime characterized by higher inflation, higher interest rates and increased market volatility. Under Dan's leadership, the Wealth Management Consulting Group will continue to help financial advisors meet their clients' needs using real assets to pursue attractive risk-adjusted returns and diversification."

About Cohen & Steers. Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, including listed and private real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi-strategy solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Dublin, Hong Kong, Tokyo and Singapore.

Website: https://www.cohenandsteers.com

View original content:https://www.prnewswire.com/news-releases/cohen--steers-appoints-daniel-noonan-as-head-of-wealth-management-consulting-group-302163884.html

SOURCE Cohen & Steers, Inc.

FAQ

Who is the new Head of Wealth Management Consulting Group at Cohen & Steers?

Daniel Noonan has been appointed as the new Head of Wealth Management Consulting Group at Cohen & Steers.

What is Daniel Noonan's role at Cohen & Steers?

Daniel Noonan will serve as Executive Vice President and Head of the Wealth Management Consulting Group.

What experience does Daniel Noonan bring to Cohen & Steers?

Daniel Noonan has over 20 years of financial services experience, previously holding senior roles at Nuveen, PIMCO, and State Street Global Advisors.

When was Daniel Noonan appointed at Cohen & Steers?

Daniel Noonan was appointed on June 5, 2024.

What channels will Daniel Noonan focus on at Cohen & Steers?

Daniel Noonan will lead teams focusing on RIAs, broker-dealers, U.S. private banks, multi-family offices, OCIO, and retirement channels.

What is the significance of Cohen & Steers' focus on real assets?

Cohen & Steers aims to use real assets to address higher inflation, interest rates, and market volatility, seeking attractive risk-adjusted returns and diversification.