Silvercrest Appoints J. Allen Gray as Head of Institutional Business
Rhea-AI Summary
Silvercrest Asset Management Group (NASDAQ:SAMG) has promoted J. Allen Gray to Head of Institutional Business. Gray, who joined Silvercrest in 2008, will oversee the firm's institutional business, consultant and client relations. As a Silvercrest Partner, Managing Director, and Executive Committee member, Gray has been instrumental in the company's institutional equity business success.
Prior to Silvercrest, Gray held key positions at Osprey Partners Investment Management as Managing Partner and at Radnor Capital Management as Managing Director. The firm, founded in 2002, reported $35.1 billion in assets under management as of September 30, 2024, and maintains offices across seven U.S. locations including New York, Boston, Virginia, Atlanta, New Jersey, California, and Wisconsin.
AI-generated analysis. Not financial advice.
Positive
- Promotion of 15-year veteran executive with proven track record
- Strong assets under management of $35.1 billion as of Q3 2024
- Broad geographical presence across seven U.S. locations
Negative
- None.
News Market Reaction – SAMG
On the day this news was published, SAMG gained 0.85%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
NEW YORK, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) is pleased to announce that J. Allen Gray has been promoted to Head of Institutional Business. In this role, he will oversee Silvercrest’s institutional business, as well as consultant and client relations. Since joining Silvercrest in 2008, Mr. Gray has played a pivotal role in the success of the firm’s institutional equity business. He is a Silvercrest Partner and Managing Director, and a member of the company’s Executive Committee.
Richard Hough, Chairman and Chief Executive Officer of Silvercrest, remarked, “We are immensely proud of Allen Gray's success and of our talented equity management teams, with whom he has worked so closely for over 15 years. We are thrilled to have Allen leading our institutional business efforts.”
About J. Allen Gray
J. Allen Gray is a Managing Director and Head of Institutional Business. Prior to Silvercrest, Mr. Gray served as a Managing Partner and a Member of the Management Committee of Osprey Partners Investment Management, LLC and as President of the Osprey Concentrated Large Cap Value Equity Fund. At Osprey he was responsible for Sales, Marketing and Client Relations. Prior to Osprey Partners, Mr. Gray served as a Managing Director with Radnor Capital Management, a start-up investment firm, where he was responsible for the firm’s sales, marketing and client relations activities. Mr. Gray began his career with Kidder, Peabody & Co. as a financial advisor before accepting a position with Wheat, First Securities, Inc. as Vice President for institutional equity sales as well as continuing to work as a financial advisor to families and individuals. Mr. Gray remained with Wheat, First Securities until the founding of Radnor Capital Management. Mr. Gray received his B.A. in Political Science from Randolph-Macon College.
About Silvercrest Asset Management
Silvercrest was founded in April 2002 as an independent, employee-owned registered investment adviser. With offices in New York, Boston, Virginia, Atlanta, New Jersey, California and Wisconsin, Silvercrest provides traditional and alternative investment advisory and family office services to wealthy families and select institutional investors. As of September 30, 2024, the firm reported assets under management of
Contact:
Richard R. Hough III
Chairman & CEO
212-649-0601
rhough@silvercrestgroup.com
