AlTi Global CEO Michael Tiedemann Steps Down from $93B Firm
Michael Tiedemann, the CEO and founding partner of AlTi Global, the Nasdaq-listed wealth manager with $93 billion in assets, has stepped down from the leadership role at the firm, a little under three years after taking the firm public.
Tiedemann will be replaced on an interim basis by Nancy Curtin, the firm’s global chief investment officer and member of the leadership team. Tiedemann will serve in an advisory capacity to “support the transition,” the company announced Tuesday.
AlTi Global did not immediately respond to a request for comment on the reason for Tiedemann’s departure or whether they are actively seeking a replacement.
AlTi Board Chair Timothy Keaney, expressed gratitude for Tiedemann’s leadership, stating, “Mike’s vision and commitment have been instrumental in building the collaborative culture and relentless focus on delivering excellence for clients. This truly sets AlTi apart.”
The firm’s stock has fallen from a peak of $5.06 earlier this year to about $3.55 today, though it is up from about $3 a year ago.
In 2023, Tiedemann merged his New York-based RIA and alternative asset management firms, Tiedemann Group and TIG Advisors, with London-based asset manager, merchant bank and global multi-family office Alvarium Investments and took them public via a special purpose acquisition company. Since then, the firm has made numerous acquisitions in the U.S. and Europe, including a deal last March for a $15 billion multi-family office headquartered in Hamburg, Germany.
Curtin was with AlTi at the time of the listing and has held leadership roles in wealth management, including positions at Alvarium Investments, Close Brothers Asset Management and Fortune Asset Management.
“I am honored to step into the role of interim CEO at this important juncture in AlTi’s growth trajectory,” Curtin said. “Over the past several years, AlTi has sharpened its strategic focus while maintaining a relentless commitment to excellence within the ultra-high-net-worth space.”
AlTi said Curtin will focus on expanding offerings for foundations and endowments globally while continuing to serve ultra-high-net-worth families.