Non-public markets funding platform Titanbay has appointed former BlackRock EMEA head of retail Michael Gruener as co-chief govt and surpassed $1bn (£770m) in property underneath administration (AUM).
Gruener (pictured proper) will be part of present chief govt Ossama Soliman (pictured left), a veteran expertise govt at Amazon and two fintech unicorns.
Soliman will concentrate on the expertise and working the enterprise, whereas Gruener takes the reins on the industrial facet.
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Gruener has greater than 20 years of expertise in monetary providers, having held key management positions at BlackRock and Goldman Sachs.
Titanbay is a non-public markets funding platform designed for wealth managers, non-public banks and their shoppers to entry main international non-public market funds.
It hit the $1bn AUM miletone a yr after launching its B2B platform and rising six-fold year-on-year.
“So as to speed up our progress, we scoured Europe for the most effective industrial chief with unparalleled experience in wealth and asset administration,” Soliman stated. “I’m completely thrilled to say that we’ve got discovered that chief in Michael Gruener and I’m extraordinarily delighted to welcome him as co-chief govt. Including his wealth and asset administration experience to our current world class tech, regulatory and operational experience will amplify our success and solidify Titanbay because the premier platform for personal market investments.”
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Gruener added: “I’m delighted to affix Titanbay at such an thrilling time, particularly as the corporate surpasses $1bn in AUM. With its robust momentum and progressive platform, Titanbay is really reshaping how wealth managers and personal banks entry non-public markets. I sit up for working alongside Ossama and the staff to additional elevate Titanbay’s providing and increase its attain.”
Gruener’s appointment follows a interval of speedy progress at Titanbay, which incorporates securing 30 strategic partnerships, operations throughout 41 international locations, and reaching greater than 6x year-on-year progress.
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