The latest senior moves in North American wealth management.
Investment firm Cambridge Associates has appointed Charles B Grace to join its private client practice. Grace, who will serve as managing director of family enterprise solutions, will be based in New York, where he will report to Mary Pang, head the global private client practice.
Grace has been active for 20 years in the family office community advising ultra-wealthy families and serving multigenerational families and family offices. He is joining CA from the Family Office Exchange. Prior to FOX, he spent almost 10 years working at $1 billion multi-family and single-family offices.
FlowStone Partners, an investment firm focused on private equity, has hired Mark Phillip as managing director, having previously worked at MatlinPatterson Asset Management, the credit platform.
Phillip will lead business development and investor relations efforts for the firm. Phillip brings nearly two decades of experience in commercializing and investing in liquid and illiquid alternative investment strategies.
FlowStone Partners provides HNW and family office investors with institutional-level, diversified exposure to the private equity asset class through secondary, primary, and co-investment strategies.
At MatlinPatterson Asset Management, Phillip led the launch and distribution of new fund vehicles, sub-advisory relationships, and separate managed accounts for institutional investors and wealth management platforms. Prior to this, Phillip served as a vice president at Morgan Stanley within the Alternative Investment Group. In that role, he was responsible for sourcing, conducting due diligence, and covering investments in hedge funds.