Cresset announced that it has hired Amy Hong as Chief Compliance Officer and Executive Managing Director. And Hong succeeds Bob Pagliuco, who announced his retirement after serving as Cresset’s Chief Compliance Officer since 2018.
Hong – who will serve as a member of Cresset’s Management Committee – is a C-suite executive with 25 years of financial services experience, most recently as Managing Director, Asset & Wealth Management Operations, with JPMorgan Chase & Co, and First Republic Bank before that, where she was responsible for an operations team of approximately 150 employees for a wealth management business with over $250 billion in assets under management (AUM).
Hong has also served as Chief Compliance Officer with Personal Capital Advisors Corporation, and as Vice President, Compliance, with Voya Investment Management. And Hong is a graduate of Rutgers University and will be based out of Cresset’s office in San Francisco.
KEY QUOTES:
“Amy brings a proven track record of leading teams through inclusive collaboration and is known for being a highly effective compliance leader who is passionate about operational excellence. We could not be more excited to welcome her to the Cresset team.”
-Avy Stein, Co-Founder and Co-Chairman of Cresset
“I am thrilled to join a firm that shares my values and is committed to always acting in the best interests of its clients,”
-Amy Hong
