STAMFORD, Conn., June 7, 2012 /PRNewswire/ -- Spruce Private Investors, LLC, an award-winning wealth management firm, is pleased to announce Donald J. Herrema has been appointed to the position of senior advisor. Mr. Herrema currently serves as Executive Vice Chair and CEO of Kennedy Wilson's Capital Markets Group and is the former CEO of Bessemer Trust.
"We are delighted to partner with Don as a senior advisor," said Spruce CEO and Founder John Bailey. "Don's advice and experience will prove invaluable as we continue to build enduring relationships and enhance our client service initiatives. A seasoned investor, Don will also be instrumental to us as we continue to expand our investment platform."
Mr. Herrema is a veteran of the private wealth industry and has over 30 years of experience in the space. Prior to joining Kennedy Wilson, he founded BlackSterling Partners, LLC, served as CEO of Bessemer Trust and was Head of Private Wealth Management at Morgan Stanley.
"Spruce is one of the top private wealth management firms in the business and is well known for its unbiased independent advice and superior risk adjusted returns," said Mr. Herrema. "This is an exciting time to be affiliated with Spruce as the firm continues its unparalleled commitment to offering solutions, managing risk and preserving capital in a turbulent market environment."
As a senior advisor, Mr. Herrema will advise Spruce on strategic and investment issues related to firm-wide strategy. In this role he joins Nouriel Roubini, who has been a senior advisor to Spruce on global economic issues for three years. Mr. Roubini is widely known for correctly predicting the 2008 market crisis and is a frequent contributor to Bloomberg Television, CNBC, the Financial Times, and the Wall Street Journal.
About Spruce Private Investors, LLC
Spruce Private Investors, LLC, is an award-winning wealth management firm that serves as a Chief Investment Officer for 45 family offices, foundations and endowments. Spruce advises on approximately $3 billion in broadly diversified portfolios, including six traditional investment portfolios of global equities, fixed income, high income, liquid absolute return, currencies and commodities, and nine alternative investment portfolios featuring hedge funds, private equity, real estate and oil & gas. Since 2001, Spruce has helped families and investors benefit from a broad and sophisticated array of global investment opportunities, aggressive risk management, and objective investment advice.
SOURCE Spruce Private Investors, LLC