Partners Capital adds four global investment execs to Board of Directors
Partners Capital, a global Outsourced Investment Office, has appointed Sanjiv Misra, David Burke and Brad Fried to its Board of Directors. Martine Holter has been named as a Board Adviser.
These additions to the Partners Capital Board represent the most significant changes to its membership since 2005 when Lord Rothschild and Sir Ronald Cohen made their strategic investments in the business. The changes coincide with last year's generational leadership changes when Arjun Raghavan was appointed Chief Executive Officer. After 19 years as CEO and Co-Founder Stan Miranda took the role of Chairman, and Paul Dimitruk became the Senior Partner. Both continue full-time engagement in the business, with Stan focused on key strategic initiatives including the build-out of the West Coast office and the firm's ESG investment strategy, working closely with Kristen Weldon the firm's global head of ESG and Impact Investing.
While the working partners continue to retain majority ownership and control of the firm, the strengthening of the Board with the addition of the external directors reflects an important milestone in the business.
CEO Arjun Raghavan says: "The next generation of management are taking a 10 to 20 year perspective on how best to reinforce the firm's leadership position in the growing outsourced investment management business in a manner that successfully delivers higher levels of investment performance to our global client base."
Raghavan adds that: "This will require an accelerated transition from a traditional US endowment model towards a hybrid model that will access high quality investments through a wider palette of manager partnerships, co-investments and selected direct investments. This continued evolution to a hybrid model is what we refer to as PRMEA or the Partners Risk Managed Endowment Approach."
"As we continue to strengthen our business globally to best serve leading institutions and families, we are delighted to welcome global investment leaders Sanjiv, David, Brad and Martine to our Board of Directors," says Stan Miranda, Co-Founder and Chairman of Partners Capital. "The new Board members were hand-picked for their experience in helping us achieve our vision over the coming decade. Their vast experience with distinguished financial institutions will also help us fortify our corporate governance and internal risk management processes in the face of growing complexity of the investment world."