People and Company News, Week of March 07, 2025
- Mark Okerstrom was named CFO by Fortive Corporation, effective March 24. Okerstrom will succeed Chuck E. McLaughlin who will be retiring but will continue to serve in a non-executive officer role through the end of the year to assist with the transition and ensure continuity. Okerstrom most recently served as an external advisor at Bain & Company and at Advent International. Prior to that, he spent three years as President and COO of Convoy, Inc. Before that, Okerstrom spent over 13 years at Expedia Group.
- J. Blake Sanderson has joined First Internet Bank as 1st VP, Commercial Real Estate Acquisition, Development and Construction. Sanderson succeeds Nick Campbell, who has been elevated to Senior Credit Officer, assuming responsibility for the bank’s commercial credit administration. Sanderson brings nearly 30 years of commercial banking experience to First Internet Bank, including roles with STAR Financial Bank, Centier Bank, First Indiana Bank and Ameriana Bank.
- Tim Clairmont has joined Cetera Advisor Networks LLC via Cetera Wealth Partners. Clairmont, who joins Cetera under his firm name, Clear Financial Partners, has provided financial planning and investment advice to clients for more than two decades and has $235M in assets under administration. He’s also the author of two books, “Passionate Ambivalence: How to Sell with Authenticity & Integrity” and “What Should I Do With My 401k?”
- Scott Engelbrecht has been named chief development officer by CLA (CliftonLarsonAllen). Engelbrecht has been serving as CLA’s chief geographic officer, where he has successfully overseen U.S. growth and the expansion of CLA Global. In his new role, he’ll spearhead strategic expansion, focusing on organic growth, new office openings, and firm acquisitions.
- Andrew Boyd has been appointed an operating partner by AE Industrial Partners LP, a private equity firm focused on national security, aerospace and industrials services. Boyd joins AE Industrial following an intelligence and security career that spans three decades. For over 10 years he was a senior intelligence service officer in the CIA’s directorate of operations. This culminated with him being named the director of the CIA’s center for cyber intelligence, which is responsible for intelligence collection, analysis and operations related to foreign cyber threats to U.S. interests.
- Ted Motheral has been hired as principal, M&A partner development by Mercer Advisors a national RIA and majority owned by Oak Hill Capital, Genstar Capital and Altas Partners. Motheral joins the firm alongside Martine Lellis, who assumed the same role in May 2024. Together, they will lead the company’s team. Before joining Mercer Advisors, Motheral served as a corporate and M&A partner at Potomac Law Group PLLC, focused on M&A, as well as private debt and equity financing.
- Apollon Wealth Management, a Charleston-based financial advisory firm under Apollon Holdings, has expanded into NYC with the acquisition of C.J. Lawrence, a boutique investment management firm that serves high-net-worth clients and institutions. C.J. Lawrence is led by Bernhard Koepp.
- Ameriprise Financial Inc announced that Highland Wealth Management has joined its independent channel from LPL Financial, bringing $210M in assets. The practice, led by pprivate wealth advisor Lee Hooks, is based in Columbia, Lewisburg, and Pulaski, TN. The decision to join Ameriprise was influenced by the firm’s client satisfaction, advanced technology, and the ability to maintain independence while benefiting from a robust brand.
- BetaNXT has launched BetaNXT CastX, which streamlines corporate action workflows. CastX’s capabilities alert advisors to the corporate actions taken by companies whose securities are held in their clients’ portfolios. It addresses issues such as manual data entry errors, complex communication chains, and delayed notifications.
- InvestiFi, a digital investment platform, has announced a new partnership with Madison County Federal Credit Union. Madison County FCU serves the central Indiana area and has engaged with InvestiFi’s crypto, securities and guided investing offerings. The partnership with Madison County FCU will provide their members access to buy and sell over 8600 stocks and ETFs to begin or expand their investment portfolio directly from their checking account.
- Allvue Systems, LLC, a technology software provider for alternative investments, announced the launch of its Credit Research Solutions, a centralized research platform that consolidates complex credit investment data across both public and private markets, featuring a unified hub that eliminates data fragmentation across spreadsheets and third-party systems; advanced workflow automation that streamlines risk scoring and approval processes; real-time collaboration tools that enhance team communication and eliminate duplicate efforts; and actionable analytics and dashboards that provide clear visibility into portfolio risks.
- Advisor360°, an integrated technology provider for wealth management firms, is launching its first CRM solution for independent registered investment advisors. Called Tandem, the new multi-custodial product is an enhanced CRM featuring a reporting engine, secure document management vault, financial planning integrations and a client-facing portal. Tandem also equips RIAs with secure, AI-powered tools that automate financial workflows and address regulatory requirements in a seamless solution.
- ONE Bow River, a Colorado Springs-based alternative asset manager, announced the close of its first private equity fund, ONE Bow River National Defense Fund I, with $500M of committed capital, pending SBA approval of approximately $10M in LP commitments. The fund was oversubscribed, doubling its initial target of $250M and exceeding the $400M target. ONE Bow River invests in private, lower middle market companies focused on delivering data and national defense solutions to the U.S. government.
- ICG has closed its fifth GP-led secondaries fund program, ICG Strategic Equity Fund V, which received $11B in capital commitments and was oversubscribed at its increased hard cap. Since its inception in 2014, ICG Strategic Equity has focused on the GP-led secondary market and has committed over $19B to date. ICGSE V will continue its strategy of partnering with PE sponsors to invest in single asset continuation vehicles for companies in North America and Western Europe.
- CVC has closed CVC Strategic Opportunities III with total commitments of €4.61B (around $4.85B), matching the size of its predecessor fund, CVC Strategic Opportunities II. CVC’s Strategic Opportunities platform invests in businesses that present an attractive risk-return profile over a longer investment horizon relative to traditional private equity mandates. The fund is focused on investments in Europe and North America.