AlTi Global Announces CFO Transition
June 01 2023 - 4:52PM
Business Wire
AlTi Global, Inc. (NASDAQ: ALTI) (“AlTi" or the “Company”), a
leading independent global wealth and asset manager, today
announced that Christine Zhao will be stepping down as Chief
Financial Officer, effective June 15. Reid Parmelee, AlTi’s Global
Controller, has been appointed interim CFO to ensure an orderly
transition and continuation of leadership. Mr. Parmelee will
continue in his current capacity as Global Controller. Ms. Zhao
will remain with the Company in the coming weeks to support a
seamless process. The Company has engaged a global executive search
firm and commenced its search for a successor.
“We want to thank Christine for her leadership in positioning
AlTi for the long term,” said Michael Tiedemann, Chief Executive
Officer of AlTi Global. “Having successfully seen the company
through a multi-jurisdictional transaction and a successful Nasdaq
listing process, Christine has decided to move on to pursue other
business interests. Her valuable contributions and hard work have
strategically positioned AlTi to execute our initiatives as a
leading global, publicly listed wealth and alternative asset
manager. We wish Christine the best in her future endeavors.”
Additional Details
Reid Parmelee has served as Global Controller for AlTi since
October 2021. He brings deep accounting and financial reporting
experience in the financial services industry. Before joining AlTi,
Mr. Parmelee served as a Controller for Prospect Capital, a
publicly-traded Business Development Company. He started his career
at PwC as an auditor and then joined the Transaction Services
practice, where he advised companies and private equity firms on
capital markets transactions, valuations, and financial due
diligence for M&A engagements. Mr. Parmelee holds a Bachelor of
Arts from the University of Chicago.
About AlTi
AlTi is a leading independent global wealth and asset 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 and generating a net positive
impact through its business activities. The firm currently manages
or advises on approximately $67 billion in combined assets and has
an expansive network with over 460 professionals across three
continents. For more information, please visit us at
www.Alti-global.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230601005837/en/
Lily Arteaga Head of Investor Relations AlTi Global, Inc.
investor@alti-global.com
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