The Presidio Group, a US$3.5 billion wealth management firm, has promoted Karl Schade to the role of chief executive, effective 1 January 2014.
Schade, a managing director and head of the firm’s private equity group, joined Presidio in 2007 and served as interim CEO earlier this year for the fund’s investments, Hattrick Sports Group replacing Brodie Cobb.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Prior to joining Presidio, Schade served as a private equity investor with Blum Capital Partners, Silver Lake Partners, and The Blackstone Group.
Cobb said: "Managing the firm day-to-day doesn’t afford me the time to devote to what I do best for Presidio. I want to focus my efforts on client relationships, new business opportunities, and special firm projects."
Bruce Brugler, managing director of the firm, said: "We are proud of our US$3.9 billion in assets, and believe the new initiatives of our firm will only strengthen our commitment to providing our clients independent, objective, and sophisticated investment advice."
Colin Carter, managing director at the firm, said: "The changes in management present an exciting platform for strategic development in the way we run our operation. Presidio is well-positioned to continue its growth and I look forward to working with Karl and the team as we continue to develop innovative and high-quality solutions for our clients."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
