NEW YORK, N.Y., Feb. 2, 2015 (GLOBE NEWSWIRE) -- via PRWEB - Lebenthal Asset Management ("LAM"), the asset management division of Lebenthal Holdings, LLC, announced today that industry veterans Lee Pease and Mark Kennard have joined the company. They will report to James B. Lebenthal, CEO of Lebenthal Asset Management.
Messrs. Pease and Kennard, formerly with Smith Barney Consulting Group, will further the development of Lebenthal Asset Management's institutional asset management capabilities and work on broadening distribution into additional channels.
Frank Campanale, Chairman and CEO, Lebenthal Wealth Advisors--the wealth management division of Lebenthal--explained that Pease and Kennard are the latest addition to a fast growing team that he is assembling. The team is comprised of former Consulting Group's high-caliber professionals with specific wealth management skills. These new hires' experience in asset allocation modeling and strategies, outsourced CIO implementation, mutual fund management and investment advisor research will contribute to broaden LAM's capabilities in serving its clients.
"I've known Lee and Mark since I was CEO of Smith Barney Consulting Group and I am delighted to work with them again," said Campanale. "They've been consistently successful throughout their careers and, as we continue to grow our company, I expect them to make a significant contribution to our success as well. I am confident that integrating their extensive network with Lebenthal's tradition of providing excellent client service and performance will prove to be a very powerful combination."
Messrs. Pease and Kennard each bring more than 25 years of experience in the investment management industry. Most recently, the two operated Haddonfield Square Partners, an investment advisor firm that focused on consulting to investment managers and fiduciaries.
"We are pleased to welcome Lee and Mark to our team," said Mr. Lebenthal. "Their particular expertise and market reach is a terrific complement to the other additions we are making to build LAM's capabilities. This synergy will help drive our company forward. More importantly, I am honored that Lee and Mark, who possess excellent reputations, have chosen Lebenthal as their home."
Prior to forming Haddonfield Square Partners, both Pease and Kennard were employed by Smith Barney Consulting Group, now a Morgan Stanley business unit. From 1996 to 2010, Lee Pease was the director of the Outsourced CIO program offered through Consulting Group. Mr. Pease also managed the Consulting Group Capital Market (CGCM) Funds, a series of sub-advised, multi-manager mutual funds. He was responsible for over $12 billion in client assets in those programs. Mark Kennard joined Smith Barney in 1992. His experience includes investment advisor research, investment strategy, and capital market research. Mr. Kennard joined Mr. Pease in 2001 to assist in the management of the CGCM funds and the Outsourced CIO program. Mr. Kennard's background is in institutional client servicing and he was also a frequent speaker at advisor training programs.
"Mark and I are excited to be joining Lebenthal and glad to reunite and work again with Frank Campanale," said Mr. Pease. "We are confident that the Lebenthal brand will resonate within our world and, more importantly, that the firm's investment products, service and performance will be well-received. We look forward to contributing to the growth of Lebenthal's platform."
About Lebenthal Asset Management
Lebenthal Asset Management is the asset management division of Lebenthal Holdings, LLC, the venerable New York-based firm that through its affiliates and subsidiaries provides a broad range of wealth management, asset management and capital markets products and services to institutional and retail clients. Lebenthal Asset Management manages taxable and tax-free municipal bond portfolios, equity portfolios and international equity portfolios for high net worth individuals, institutions and non-profit organizations. The Heckman Global Group, a division of Lebenthal Asset Management, is the independent research unit of Lebenthal Asset Management. Further information about Lebenthal Asset Management can be found at http://www.lebenthal.com
This article was originally distributed on PRWeb. For the original version including any supplementary images or video, visit http://www.prweb.com/releases/2015/02/prweb12488673.htm