Victory Capital Appoints Nikhil Sudan President, Direct Investor Business
December 17 2020 - 9:00AM
Business Wire
Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital”
or the “Company”) today announced that it has named Nikhil Sudan to
the newly created position of President, Direct Investor
Business.
Sudan, 44, will join Victory Capital from McKinsey &
Company, where he is a Partner located in the company’s New York
office, and a leader of McKinsey’s wealth and asset management
practice. In that role, he has served global asset managers, wealth
managers, hedge funds, and private equity managers on a range of
strategies for growth, distribution, client experience, digital and
analytics, and mergers and acquisitions.
“Launching our Direct Investor Business has been a significant
achievement for Victory Capital,” said David Brown, Chairman and
CEO. “As we continue to invest and allocate resources to realize
this growth opportunity, we are thrilled to welcome Nikhil and look
forward to him leading this important business. We have worked with
Nikhil and gotten to know him well over the past year, and he has
already been instrumental in transforming our use of data and
advanced analytics.”
Sudan will start in his new role in January 2021 and will be
based in Victory Capital’s San Antonio headquarters. He will also
become a member of the Company’s Executive Committee.
Sudan commented, “I’m eager to join Victory Capital, a
fast-growing company with talented people dedicated to their
clients. I like and respect David Brown and the leadership team,
who have created a culture of entrepreneurship, teamwork and
ownership. They have an impressive track record of strategic
vision, execution, and integrity. I know we will collaborate well
together to grow the Direct Investor Business.
“Working with firms across the world has shown me that
tomorrow’s most successful asset managers are moving beyond solely
manufacturing products to delivering distinctive experiences for
the investors who rely on those products to achieve their life
goals. Victory Capital is ideally positioned with its direct
investor base, and this is an exciting time as we embark together
on this latest evolution of the Company’s business model and growth
strategy.”
Previously, Sudan was Partner and Chief Operating Officer of Ada
Investments, where he managed the hedge fund’s business functions.
Prior to that, he was at Bridgewater Associates, where he led
strategic multi-year transformations in technology and operations.
Sudan earned an M.B.A. with distinction from INSEAD and a B.Sc.
summa cum laude from Union College.
About Victory Capital
Victory Capital is a diversified global asset management firm
with $142.5 billion in assets under management as of November 30,
2020. The Company operates a next-generation business model
combining boutique investment qualities with the benefits of a
fully integrated, centralized operating and distribution
platform.
Victory Capital provides specialized investment strategies to
institutions, intermediaries, retirement platforms and individual
investors. With nine autonomous Investment Franchises and a
Solutions Platform, Victory Capital offers a wide array of
investment styles and investment vehicles including actively
managed mutual funds, separately managed accounts, active ETFs,
multi-asset class strategies, custom-designed solutions and a 529
College Savings Plan.
For more information, please visit www.vcm.com or follow us:
Twitter and LinkedIn.
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version on businesswire.com: https://www.businesswire.com/news/home/20201217005130/en/
Investors: Matthew Dennis, CFA Chief of Staff Director,
Investor Relations 216-898-2412 mdennis@vcm.com
Media: Tricia Ross 310-622-8226 tross@finprofiles.com
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