PAAMCO Prisma’s Co‐CEOs Jane Buchan (pictured), and Girish Reddy are transitioning to advisory roles at the Company, with a team of long‐tenured senior leaders set assume the day‐to‐day responsibility of running the business.
The transition comes more than a year after Prisma and PAAMCO combined to form PAAMCO Prisma Holdings, a majority employee‐owned firm that today has USD30 billion of assets under management or advisement through its subsidiaries.
Effective 1 August, PAAMCO Prisma will be led by an Executive Committee, comprised of six senior leaders of the combined enterprise: Anne-Gaelle Carlton, Mayer Cherem, Vince Cuticello, Von Hughes, Paul Roberts and Eric Wolfe. Wolfe will serve as the Chairperson of this Executive Committee.
Reddy says: “With the combination of PAAMCO and Prisma, our vision was to create a world class alternatives business of significant scale, able to deliver exceptional performance and service to clients. Today, we feel the organisation is ready to move to the next generation.”
Buchan adds: “Having accomplished the launch of our new products and with strong year-to-date investment performance, now is the time to pass the torch which has always been our dream.”
With over 33 years of experience in investment management, including 18 years as a co-Founder of PAAMCO, Buchan will remain involved with PAAMCO Prisma in an advisory capacity through 2018. In 2019, Buchan intends to return to her roots in direct investing through the launch of a quantitative investment fund.
“Jane is a rare combination: a former academic with a highly technical finance background coupled with a strong aptitude for creative client solutions. She has successfully launched several new investment areas this year – and I fully support her decision to launch the Alternative Beta quantitative business as a new firm outside of PAAMCO with her as Chief Executive Officer. We are grateful for her strategic vision and leadership over the past year and look forward to her ongoing relationship with PAAMCO Prisma and KKR,” says Scott Nuttall, Director of PAAMCO Prisma Holdings.
After more than 40 years in the industry, including as a Partner at Goldman Sachs prior to co‐founding Prisma in 2004, Reddy plans to spend time pursuing his passions of investing and educational philanthropy through various university affiliations.
Nuttall says: “Girish has had an extraordinary career – a Partner of Goldman Sachs, an entrepreneur founding and building Prisma, a Member at KKR and, most recently, Co-CEO of PAAMCO Prisma. He built a leading client-focused enterprise and mentored a team committed to excellence in investment performance and client service. We thank Girish for his partnership, wish him continued success in his philanthropic work, and look forward to leaning on his advice and counsel going forward as an Advisor.”
On behalf of the Executive Committee and the entire partnership, Eric Wolfe and Mayer Cherem say “We are grateful to Jane and Girish for their extraordinary leadership and vision in creating PAAMCO Prisma and the many years of dedicated commitment to the firm, its clients and employees. We thank them for the foundation that they laid and wish them well in their respective new chapters.”
