Former AssetMark CEO Ahluwalia joins Hightower as president
There’s a new face and title at Hightower Advisors.
According to Hightower’s recent Form ADV filing with the SEC, the $131 billion registered investment advisory firm appointed Gurinder Ahluwalia as its president, a new position, effective this month.
Bob Oros, chairman and CEO of Hightower, believes that by addingAhluwalia as president, and Michael DiBiasio as chief operating officer, Hightower is supporting the structure of growth “by adding talented leaders who can support our business and client objectives.”
“At the same time, [we’re] ensuring that we can continue to drive momentum for our advisors in a way that is proactive and scalable,” Oros added, in a statement provided to InvestmentNews.
Ahluwalia currently serves as an executive partner at Thomas H. Lee Partners, Hightower’s private equity owner, in its financial technology and services vertical, and as lead director on Hightower’s board. He has been registered with Hightower Securities, the firm’s broker-dealer, since November.
Ahluwalia is no stranger to the RIA space. He has a long history of working in the wealth management space, having led AssetMark as its president and CEO and worked at Genworth and Terra Financial. Other positions include serving as an advisor and chief operating officer at Ovo Cosmico and as co-founder and CEO of 280 CapMarkets, according to his BrokerCheck report.
Jodie Papike, CEO of Cross-Search, a third-party recruiter, says Ahluwalia’s strong leadership background, along with his position as lead director of Hightower’s board, is perfectly in tune with Hightower’s focus on growth and scaling businesses.
“It always makes sense to me when someone promotes from within,” Papike said. “It’s someone that’s had a big impact, most
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