Milton Berlinski To Resign from Victory Capital Holdings Board of Directors
December 29 2023 - 8:00AM
Business Wire
Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital”
or the “Company”) today announced that Milton Berlinski will be
stepping down from the Company’s Board of Directors on December 31,
2023, after nine years of service.
In 2014, Mr. Berlinski led Reverence Capital Partners’
(“Reverence”) successful investment in Victory Capital. Earlier
this year, private equity funds managed by Reverence divested
substantially all of their shares in Victory Capital. Following
such divestments and after consultation with Victory Capital
Chairman and CEO David Brown, Mr. Berlinski has decided to step
down from the Board on December 31, 2023.
Commenting on the resignation, David Brown said: “I would like
to thank Milton for his support and counsel over the years. His
contributions reinforced the rapid growth of our Company as we
advanced from a privately held asset manager to a publicly held,
scaled organization with well-diversified investment capabilities
and a robust muti-channel distribution platform.”
Mr. Berlinski co-founded Reverence Capital Partners in June
2013, after concluding a 26-year career at Goldman Sachs, where he
served as a founding member of the Financial Institutions Group in
Investment Banking, focusing on banks, consumer and commercial
finance companies, asset management, insurance, and capital
markets.
“It's been a privilege and honor to have been an investor and
director on what has been an amazing journey under David Brown's
leadership,” Mr. Berlinski said. “I’ve watched the Company move
from strength to strength and, with this strong management team and
business model, Victory is extremely well positioned to deliver for
its stakeholders.”
About Victory Capital
Victory Capital is a diversified global asset management firm
with $159.6 billion in assets under management as of November 30,
2023. The Company employs a next-generation business strategy that
combines 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 11 autonomous Investment Franchises and a Solutions
Business, Victory Capital offers a wide array of investment
products and services, including mutual funds, ETFs, separately
managed accounts, alternative investments, third-party ETF model
strategies, collective investment trusts, private funds, a 529
Education Savings Plan, and brokerage services.
Victory Capital is headquartered in San Antonio, Texas, with
offices and investment professionals in the U.S. and around the
world. To learn more, please visit www.vcm.com or follow Victory
Capital on Facebook, Twitter, and LinkedIn.
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version on businesswire.com: https://www.businesswire.com/news/home/20231229885261/en/
Investors: Matthew Dennis, CFA Chief of Staff Director,
Investor Relations 216-898-2412 mdennis@vcm.com
Media: Jessica Davila Director of Global Communications
210-694-9693 Jessica_davila@vcm.com
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