Microvast Holdings announces departure of chief financial officer
NEW YORK - Silvercrest Asset Management Group Inc. (NASDAQ:SAMG), a company currently trading near its 52-week high with strong financial health according to InvestingPro analysis, has announced the promotion of J. Allen Gray to Head of Institutional Business, a role in which he will oversee the firm’s institutional operations and maintain relationships with consultants and clients. Gray, a partner and managing director at Silvercrest, joined the company in 2008 and has significantly contributed to the growth of its institutional equity business, helping maintain the firm’s impressive 7-year streak of consecutive dividend increases.
Richard Hough, Chairman and CEO of Silvercrest, expressed confidence in Gray’s leadership, highlighting his over 15 years of dedication to the firm and his close work with the equity management teams. Gray’s career spans various senior roles in investment management, including positions at Osprey Partners Investment Management, LLC, and Radnor Capital Management. He started his career at Kidder, Peabody & Co., subsequently moving to Wheat, First Securities, Inc.
Silvercrest, established in April 2002, is an independent, employee-owned investment adviser offering a range of services to wealthy families and institutional investors. With multiple offices across the United States, the firm reported $35.1 billion in assets under management as of September 30, 2024.
This leadership change comes as Silvercrest continues to expand its presence in the asset management industry. The company’s statement regarding this appointment is based on a press release.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.