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Financial Advisory  + Private Equity  |  May 24, 2023
GRC Advisor ACA Group Appoints Blackrock Veteran CEO
Joe Palmisano
By: Joe Palmisano

GRC Advisor ACA Group Appoints Blackrock Veteran CEO

ACA Group, a governance, risk and compliance (GRC) advisor in financial services and backed by private equity firm Genstar Capital, has appointed Patrick Olson as chief executive officer and member of the board of directors.

Olson succeeds former CEO Shvetank Shah, who had led the company since January 2020, and will serve as a senior advisor.

Olson brings 30 years of experience in financial services, investment banking and asset management. He joins ACA having previously held leadership roles over a 17-year career with BlackRock. Prior to that, he was a managing director with Merrill Lynch.

“GRC at this level is not only about compliance but also about driving operational excellence for clients. I look forward to working with the talented team at ACA and our dedicated partners at Genstar helping to drive our vision forward, deliver exceptional value, and shape the future of GRC,” said Olson.

Olson’s appointment is the firm’s latest hire since Marie Luchet was named managing director of ESG in June.

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About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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