Sargent Bickham Lagudis, a US-based wealth management firm, has appointed Richard Lawrence as new president and CEO.

Meantime, Brad Bickham, who has served as the firm’s president since 1999, will become chief investment officer and chairman focusing on portfolio management and investment research.

Prior to joining Sargent Bickham, Lawrence most recently served as president and CEO of the University of Colorado Foundation in addition to serving as chief operating officer.

Earlier to this, Lawrence has held several senior management roles in finance, operations, and retail at Vectra Bank and Bank One.

Bickham said: "Rick’s experience will be invaluable in helping our company to continue to grow and thrive. Our assets under management are now almost US$900 million and our clients number nearly 400."

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