Céline Colgan Joins Firm as Chief Business Officer
SAN FRANCISCO, Sept. 25, 2013 (GLOBE NEWSWIRE) -- The Presidio Group LLC announced today that Céline Colgan, an accomplished senior leader and institutional client relationship veteran, has joined the firm as Co-Head and Chief Business Officer of its Outsourced Investment Office (OIO). Ms. Colgan was Managing Director and a senior member of the U.S. and Canada Institutional team within BlackRock's Global Institutional Client Group.
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"A year ago, we launched our institutional practice in response to increasing demand for outsourced investment management functions, particularly from universities, foundations, and other institutions with endowment funds in the $100 million to $2 billion range," said Brodie L. Cobb, founder of The Presidio Group. "As we have engaged with the market, we have confirmed the need for a service that goes beyond traditional consultants and instead acts and feels like a client's internal investment office. Céline joining the firm signals our commitment to serving this market and our clients at the highest professional levels."
The addition of Colgan's business leadership and client relationship expertise rounds out a powerful team that includes Peter Stein, the former Chief Investment Officer for the University of Chicago who joined Presidio in 2012, and Mark Guinney, the head of Presidio's Research and Investment Group. "By recruiting a Chief Business Officer of the caliber of Céline, Presidio is able to offer our clients a level of expertise and service unmatched in the marketplace," said Stein. "Céline becomes the business partner to our clients while I devote my energies to working closely with Mark and his team to develop unique portfolios that fulfill the objectives our clients set."
As Chief Business Officer, Colgan is taking on all of the administrative and operations functions for Presidio's OIO, including business development, strategy, marketing communications, client services, compliance, custodial relations, and asset security. "This is an important and growing market, and The Presidio Group is in a unique position to take advantage of the opportunities before us," said Colgan. "The strength of the investment team and the firm's commitment to the highest standards of fiduciary care set Presidio apart from other firms. I look forward to working with this world class team and applying my experience to make a positive impact for Presidio and our clients."
"We are very fortunate to include Céline as part of our senior leadership team, and were delighted when she joined our firm," Cobb continued. "Céline's talents and experience as a seasoned professional with broad institutional experience promise to realize our vision and the potential of this new initiative."
Colgan held a series of positions with increasing responsibilities before joining Presidio, first with Barclays Global Investors, and continuing after its acquisition by BlackRock in 2009. Most recently, she was Managing Director and Team Leader for the company's U.S. and Canada Institutional Group. In her career at BlackRock, she was responsible for clients with more than $200 billion in assets. Colgan holds a Bachelor of Business Administration degree in international business from the Institut Supérieur de Gestion in Paris, and licenses from the NASD (Series 7 and 63) and NFA (Series 3).
About The Presidio Group
Founded in 1997, The Presidio Group LLC is a personal and corporate financial services firm with more than $4 billion in client assets. Through its interconnected investment banking, private equity, and capital advisory units, Presidio is uniquely capable of addressing the lifecycle challenges of wealth – from its creation, through its retention and growth, to its transfer to successive generations. The firm's principals have extensive experience running businesses, creating wealth of their own, and understanding and managing risk. Presidio and its subsidiaries currently serve clients throughout the United States. Presidio offers its advisory services through Presidio Capital Advisors LLC, a SEC registered investment advisor. For more information, visit www.thepresidiogroupllc.com.
