For Immediate Release
Senior Wall Street Executive Joins Cary Street Partners as CEO
Firm Poised for Period of Growth
RICHMOND, Va. July 21, 2015 – Cary Street Partners announced today Joseph R. Schmuckler, 54, has been appointed as the firm’s new Chief Executive Officer. Earlier, he held Executive and Senior Management roles at several leading global financial companies, including MUFG and Nomura Holding.
“With over 30 years of investment banking and wealth management experience, Joe was the natural choice to lead our firm,” said Mark Gambill, Chairman and Founding Partner of Cary Street Partners. “Joe is an accomplished industry leader who exemplifies all of the qualities the Board sought in our next CEO: strategic business insight, financial and operational experience, and a keen ability to identify market opportunities. More importantly, we identified with Joe’s collaborative leadership style and passion for nurturing corporate culture and client care.”
“Joe’s accomplishments are centered on growing financial services businesses through expanding client services and offerings, recruiting and retaining premier financial professionals and building superior operational capabilities,” Mr. Gambill said. “Our firm has established itself as a strong, client-focused financial institution committed to providing unbiased, high quality advice through a culture of collaboration and a commitment to excellence.”
“In Cary Street Partners, I recognized a successful, respected firm with a great reputation for serving its clients through a close-knit team of experienced financial professionals.” Mr. Schmuckler added that, “We are poised for dynamic growth by enhancing the company’s strengths and capitalizing on a number of exciting new opportunities.”
Mr. Schmuckler will be based out of the firm’s Richmond headquarters.
About Cary Street Partners:
Founded in 2002, Cary Street Partners’ wealth management and investment banking divisions serve clients from offices across the South. The firm is committed to giving objective advice to its clients as they seek to achieve their individual and business goals. The wealth management business provides investment advisory and management services to individuals, families and institutions. The investment banking group offers M&A, capital raising and strategic advisory services to middle market businesses, targeting companies with enterprise values typically ranging from $20 million to $200 million.
O: 212-759-2237 C: 212 671-2141