Hightower Appoints Larry Restieri as CEO, Embarking on New Growth Phase
New York, NY – Hightower, a prominent wealth management firm, has officially announced the appointment of Larry Restieri as its new Chief Executive Officer (CEO) and a member of the Board of Directors. This leadership transition, initially revealed in February, marks a significant step for the company as it aims to build on its existing success and drive further expansion in the competitive financial sector.
larry Restieri’s Vision for Transformational Growth
Larry Restieri, upon assuming his new role, expressed enthusiasm about Hightower’s future. “Hightower is positioned for transformational growth,” Restieri stated. “We have a tremendous community of advisors, and I’m committed to working with our talented advisory practices to win together as a team.” his appointment signals a strategic move towards enhanced collaboration and innovation within the firm.
restieri’s Extensive Experience in Wealth Management
A seasoned executive, Restieri brings a wealth of experience to Hightower. Before joining Hightower,he served as CEO of Ayco,a Goldman Sachs company. During his tenure at Ayco, Restieri spearheaded modernization initiatives, strengthened client relationships, and drove significant expansion. His 20-year career at Goldman Sachs also included various leadership roles across its wealth and asset management divisions, providing him with a deep understanding of the industry.
Bob Oros’s Legacy and Confidence in the Transition
Bob Oros, the outgoing CEO who led Hightower as 2019, expressed full confidence in Restieri’s ability to lead the company forward. “I’m confident that Larry is going to lead Hightower towards more success,while maintaining and protecting the solid core of the firm and its values,” oros remarked. Oros will remain on the Board, ensuring a smooth and continued alignment with the firm’s strategic objectives.
Leadership Transition: Key Highlights
The transition of leadership at Hightower spotlights the company’s focus on strategic growth and continued excellence. here’s a summarized overview:
| Role | Name | Previous Position |
|---|---|---|
| Chief Executive Officer | Larry Restieri | CEO of Ayco (Goldman Sachs company) |
| Outgoing CEO | Bob Oros | CEO of Hightower (2019-2025) |
Pro Tip:
Companies often undergo leadership transitions to bring in fresh perspectives and expertise that can drive innovation and growth. Analyzing the executive’s background can provide insights into the company’s future direction.
Industry Impact and Future Expectations
Hightower’s appointment of Larry Restieri occurs amidst increasing competition and evolving client demands within the wealth management sector. Restieri’s proven track record suggests a focus on scaling operations and enhancing client services. his expertise aligns with the broader industry trend of leveraging technology and personalized solutions to meet the needs of high-net-worth individuals. How will this leadership change affect Hightower’s advisors? What impact will it have on the firm’s clients?
The Evolving Landscape of Wealth Management
The wealth management industry is undergoing rapid transformation, driven by technological advancements and changing client expectations. According to a Deloitte report published in May 2024,digital transformation remains a top priority for wealth managers,with 73% planning to increase their technology investments over the next year. This shift necessitates leaders who can effectively integrate technology, enhance client engagement, and navigate complex regulatory environments.
Against this backdrop, the appointment of Larry Restieri signifies Hightower’s commitment to staying ahead of the curve. His experience in spearheading modernization initiatives at Ayco positions him well to lead Hightower through its next phase of growth. As the industry evolves, firms that prioritize innovation and client-centric solutions will be best positioned for long-term success.
Frequently Asked questions
- Who is the new CEO of Hightower?
- Larry Restieri has been appointed as the new Chief Executive Officer of Hightower, effective June 2025.
- Who did Larry Restieri succeed as CEO?
- Larry Restieri succeeded Bob Oros, who served as CEO of Hightower since 2019.
- What experience does Larry Restieri bring to the role of CEO?
- Larry restieri has extensive experience in scaling wealth management operations, previously serving as CEO of Ayco, a Goldman Sachs company, and holding leadership roles at Goldman Sachs for over 20 years.
- What are Hightower’s plans under the new CEO Restieri?
- Hightower is positioned for transformational growth under Larry Restieri’s leadership, focusing on strengthening advisor relationships and expanding its advisory practices.
- Will Bob Oros still be involved with Hightower?
- Yes, Bob Oros will remain on the Board of Directors at Hightower.
- Where has Larry Restieri held leadership roles?
- Over his 20-year career at Goldman Sachs, Restieri held various leadership roles across wealth and asset management divisions, bringing a wealth of experience to the CEO role.
Share your thoughts on this leadership transition. How do you think Larry Restieri’s experience will shape Hightower’s future?
