People & Company News, Week of November 21, 2025
- Mark Mason will be stepping down from his role as CFO at Citigroup next March. The bank announced that Gonzalo Luchetti, now Citi’s head of U.S. personal banking, will become CFO. Mason will transition to executive vice chair and senior executive advisor to Citi’s CEO Jane Fraser, but plans to pursue leadership opportunities outside the bank by the end of next year.
- Albert Leshinsky has joined Cresset Asset Management as managing director and head of corporate development. Leshinsky will lead the firm’s national strategy for integrating advisory teams aligned with the firm’s “client-first philosophy” approach and will be based at the firm’s New York office.
- Financial advisor Shawna Vanaken has joined Cetera Financial Group’s Avantax from Commonwealth Financial Network. Vanaken and her team at Beaverton, OR-based Pinnacle Tax & Financial Services, oversaw about $49M in assets under administration at Commonwealth. Pinnacle Tax & Financial Services, which was founded by David Purkey, provides tax planning and wealth management to high-net-worth clients. Vanaken, who brings 20 years of industry experience to Cetera, said she began exploring new affiliation options after LPL acquired Commonwealth.
- Joe Bernheimer has joined New York City-based Snowden Lane Partners, as senior partner and managing director from Osaic Wealth, where he managed $141M in client assets. Following his transition to Snowden Lane Partners, Bernheimer will be located at the firm’s newest location in Metuchen, New Jersey. Prior to joining Snowden Lane, Bernheimer served as an advisor and branch manager at Osaic.
- Karim Simplis has been named director of private markets at Dynasty Financial Partners. Simplis will lead private markets sourcing, research, and due diligence across Dynasty’s Outsourced CIO portfolios and proprietary investment models and will be reporting to Dynasty Financial’s CIO Bob Shea. Additionally, Simplis will be responsible for investment and operational due diligence across private equity, private credit, and other alternative strategies. Prior to joining Dynasty Financial, Simplis was the director of portfolio strategy at Franklin Templeton.
- Allen Eickelberg has been appointed as COO of RIA Bogart Wealth. Eickelberg will be responsible for overseeing operations and leading various efforts to strengthen efficiency, technology integration, and the overall client experience across the firm. Eickelberg, who brings more than 15 years of financial services experience to Bogart Wealth, previously served as a managing director of Redbrick MD, a real estate investment firm. Eickelberg will be reporting to Jeffery Fuhrman, president of Bogart Wealth.
- Joshua Mandelbaum has joined Sapient Capital, a wealth advisory firm, as a partner and wealth advisor and will be based at the firm’s New York office. Prior to joining Sapient, Mandelbaum previously served as a managing director at JP Morgan Private Bank. Mandelbaum was at JP Morgan Private Bank for 17 years.
- Osaic Wealth has added Englewood, CO-based True Wealth Advisors from LPL Financial, where they managed more than $705M in client assets. True Wealth Advisors, which is led by Mason Samuels, includes advisors Alex Goldstein, Lloyd Sprague, Sam Grizzle, and Ryan Nuu. The firm is supported by Sami Merrick, Jake Rolin, and Ruth Leyerle. True Wealth Advisors offers wealth management, retirement planning, and wealth-related services.
- Chris Jackson has joined Truist Financial as head of its newly established institutional capital group, which will serve middle-market private equity sponsors and select family offices. The new team will increase Truist’s coverage in the growing small- and mid-cap private equity market. The group will also deliver banking, payments, and capital markets solutions to middle-market sponsors and family offices. Before joining Truist, Jackson was at Citibank, where he led the sponsor coverage group within Citi’s commercial banking division. Jackson will be based at the firm’s New York office and will lead a team that includes ICG Director Matt Gormly in Dallas and Atlanta-based VP Jamie Citrin. Truist aims to expand the team with senior bankers and resources to support the division.
- West Des Moines, IA-based Syverson Strege, a financial planning and investment management firm, has partnered with SEI to help advance its growth initiatives. Through the partnership, SEI will help Syverson Strege “enhance” its operational efficiency and client experience. With this transition, Syverson Strege will transfer its assets to SEI’s platform and leverage SEI’s business transition team. Additionally, the firm’s clients will gain access to financial planning insights and access to financial advisors.
- BetaNXT, a wealth management technology provider, has partnered with Chicago Clearing Corporation, a securities and antitrust class action claim filing platform. The collaboration will allow brokers and wealth managers to identify eligible holdings and return class action settlement funds to investors. The turnkey service is available, with minimal integrationsrequired.
- Chicago-based Blue Vista Capital Management, an investment management firm, in collaboration with UBS’s Unified Global Alternatives Real Estate business and Extra Space Storage, has formed a strategic collaboration that will have approximately $600M in buying power to build a diversified self-storage portfolio. The strategy is to identify core-plus, value-add, and development opportunities across the U.S., to create a portfolio of self-storage assets designed for a perpetual life investment vehicle. Extra Space Storage will manage all investments made by the collaboration.
- OneVest, a fintech wealth operating system, has rolled out the expansion of its multicurrency capabilities, which is designed to assist institutions in more “effectively” managing clients with international assets and diversified portfolios.
- Edward Jones Canada will acquire Fiduciary Trust Company of Canada, including its trust and estate capabilities and discretionary investment management services. The FTCC is currently owned by Franklin Templeton. Fiduciary Trust International, Franklin Templeton’s private wealth management services division, is not impacted by the acquisition.
- Interactive Brokers has expanded its platform to the Taipei Exchange, providing international investors with access to Taiwan’s small and medium-sized enterprises. The integration allows clients to trade equities, ETFs, and Taiwan Depositary Receipts. Eligible clients can trade these products immediately using their current Interactive Brokers accounts. Additionally, clients can diversify their portfolios to include emerging, high-tech, and creative industries, as well as SMEs and micro-enterprises across Taiwan’s developing economy. To simplify trading, Interactive Brokers will facilitate TPEx trades with an automatic FX conversion between a client’s base currency and the New Taiwan Dollar. Access to the Taipei Exchange through Interactive Brokers is not available to residents of the Chinese Mainland and Taiwan.
- WealthLine, a wealthtech provider, has launched WealthReach, a data platform for registered investment advisors and wealth management firms. WealthLine is aimed at providing support to financial advisors who are struggling to generate new business organically. The platform also tracks off-site activity and WealthReach Score, allowing firms to prioritize their client tasks and opportunities.
- San Francisco-based RIA Intellectus Partners has launched Intellebox.ai, which is an AI-powered system for advisory firms. The platform aims to amplify workflow automation and compliance oversight by deploying AI agents. The company has also named AJ De Rosa as its CEO for the entity. Prior to joining Intellectus Partners, he previously served as chief revenue officer at Evolv Technologies.
- JP Morgan Asset Management’s private equity group has raised $1B for its second dedicated co-investment vehicle, dubbed PEG Co-Investment Fund II, exceeding its targeted goal of $750M. The fund will invest across a variety of sectors, geographic regions, and value creation strategies. The fund comes after the PEG Co-Investment Fund I, which raised $667M in 2021. JP Morgan Asset Management’s private equity group works closely with a proprietary network of more than 250 private equity sponsor relationships.
- Tech startup Celero Communications has raised $140M in its latest funding round, which is aimed at accelerating the development and deployment of its DSP (digital signal processor) technology. The round was led by CapitalG and Sutter Hill Ventures. The financing includes $100M investment for its Series B round and a Series A investment totaling $40M, which gained contributions from Valor Equity Partners, Atreides Management, and Maverick Silicon. Celero plans to use the funding to develop engineering, boost product development, and provide additional customer support.
- BVP Forge, a private equity firm, has raised $1B for its second fund, named Forge II, after four months, bringing BVP Forge’s total assets under management to $2.3B. The fund will be used to expand the firm’s capabilities by recruiting new talent, enhancing the ForgeEdge platform, and extending its investment roadmaps across the technology and services sectors.
- Prismic Life Holding Company, an insurance company, has raised $1.3B in its third capital raise, which will be used to bolster the company’s reinsurance platform. Prismic is sponsored by Prudential Financial and Warburg Pincus. The capital raise is expected to result in Prismic allocating roughly $15B to public, private, and alternative credit assets managed by PGIM and private equity assets managed by Warburg Pincus.
