Various funding platform CAIS has shaken up its management construction to assist help the corporate’s “subsequent part of progress.”
Within the new association, Tim Shannon and Brad Walker will function co-presidents of the corporate. Beforehand, Shannon served as CAIS president and CFO whereas Walker was chief consumer and product improvement officer.
Walker will proceed to supervise all client-facing initiatives, whereas Shannon will stay centered on optimizing CAIS’ operational infrastructure. Each will proceed to be based mostly in New York Metropolis and report on to CAIS founder and CEO Matt Brown.
“As we evolve as a agency, we see a possibility to advance our strategic priorities whereas sustaining streamlined connectivity throughout our government group,” Brown mentioned in an announcement. “Brad and Tim have each demonstrated distinctive management throughout their tenure at CAIS and collectively carry a complementary mix of experience that’s important to executing the corporate’s long-term imaginative and prescient.”
Walker joined the agency in 2012 partly centered on managing the corporate’s relationships with unbiased monetary advisors and asset managers. Shannon served as CAIS president for greater than a decade centered on the firm’s operational infrastructure and governance.
“As we proceed to develop and scale, we’re assured that our collaborative management strategy will drive worth and success throughout each side of the enterprise,” Shannon mentioned in an announcement.
“I’m excited to tackle this expanded position and work alongside Tim to guide the corporate into its subsequent part of progress,” Walker mentioned in an announcement. “Collectively, our shared experience will probably be essential in driving the continued success and evolution of CAIS.”
It’s the newest information in a busy stretch for the corporate.
Final week, it introduced a brand new functionality to let advisors combine and handle various investments inside third-party turnkey asset administration platforms and managed account platforms.
A number of months prior, CAIS launched CAIS Advisors, an RIA division created to help monetary advisors with streamlining portfolio development.
CAIS additionally rolled out extra multi-manager registered funding portfolios, which give customers with entry to diversified asset allocation autos with merchandise starting from personal fairness, personal debt and actual belongings to hedge funds and thematic investments. Earlier in 2024, for instance, CAIS added a number of funds from various asset large Blackstone to its market.
The initiatives got here alongside the agency’s launch of Compass, a portfolio development instrument for creating and analyzing asset allocation in various investments. In 2023, CAIS, launched its software-as-a-service platform, CAIS Options, which lets advisors handle various investments in a single spot, together with these sourced by CAIS’s market, but additionally ones bought immediately from managers or sourced on different alts platforms.
