ATLANTA, March 29, 2011 /PRNewswire/ -- Atlantic Trust, the private wealth management division of Invesco Ltd. (NYSE: IVZ), today announced that Richard O. Vandenberg, Jr. has joined the firm as managing director and head of the firm's San Francisco office.
"Rick is a veteran of the wealth management business with more than 29 years of experience working with the ultra-affluent," said Jack Markwalter, Atlantic Trust chairman and chief executive officer. "He will be instrumental in continuing to build our brand and grow our business throughout the Pacific Northwest."
Vandenberg will be responsible for business development and overall client service for the San Francisco office. With this new hire, Atlantic Trust continues to bring talented professionals into key U.S. markets. The San Francisco office is well-positioned to grow, with a strong team of nine relationship managers, client service professionals and administrative personnel.
"Rick's leadership better positions us to continue to expand our presence in San Francisco and the surrounding areas," said Eric Propper, president and chief operating officer. "Our firm has achieved 15 consecutive quarters of positive flows, with record growth of approximately $1 billion in assets last year, and we expect to build on this momentum."
Vandenberg joins Atlantic Trust from Bessemer Trust where he was a managing director and business development officer for that firm's San Francisco office. Prior to his tenure at Bessemer, Vandenberg was a senior vice president and wealth advisor for the Private Client Group at Merrill Lynch & Company, where he provided wealth advisory services to ultra-high net worth clients on the West Coast. Previously, he spent more than 16 years with Goldman Sachs & Co., where he worked with ultra-high net worth individuals and families.
He began his career in 1981 at Salomon Brothers Inc. as a taxable fixed-income specialist covering institutional accounts in the Pacific Northwest. Vandenberg received a Bachelor of Science in finance from Brigham Young University and a Master of Business Administration in Finance from the Anderson School of Management, University of California, Los Angeles. He is a member of the San Francisco Estate Planning Council.
About Atlantic Trust
Atlantic Trust is one of the nation's leading private wealth management firms, offering integrated wealth management for high net worth individuals, families, foundations and endowments. The firm considers clients' financial, trust, estate planning and philanthropic needs in developing customized asset allocation and investment management solutions. Experienced professionals deliver a broad range of offerings, including proprietary investment offerings and a robust open architecture platform of traditional and alternative managers. Atlantic Trust operates in 11 full-service locations throughout the U.S. With approximately $17 billion in assets under management (as of December 31, 2010), Atlantic Trust is the private wealth management division of Invesco Ltd. (NYSE: IVZ). For more information, visit www.atlantictrust.com.
Invesco is a leading independent global investment manager, dedicated to helping investors worldwide achieve their financial objectives. By delivering the combined power of our distinctive investment management capabilities, Invesco provides a wide range of investment strategies and vehicles to our retail, institutional and high net worth clients around the world. Operating in more than 20 countries, the company is listed on the New York Stock Exchange under the symbol IVZ.
SOURCE Atlantic Trust