Gray & Company, an independent investment advisory firm, said Thursday that it has made several personnel changes in its leadership team. Chief Administration Officer Yolanda Waggoner-Foreman and Chief Operating Officer Robert C. Hubbard will assume the roles of Co-CEOs, effective immediately. Both will be responsible for the day-to-day management of the company. Laurence O. Gray, who is currently president and CEO, will continue in his role as president of the company while transitioning out of daily management. Also, Peter Lupoff, who was previously CIO of Gray’s alternative investment division, has been named CIO for the entire firm.
July 18, 2013 09:00 AM Eastern Daylight Time
ATLANTA–(BUSINESS WIRE)–Gray & Company, an independent investment advisory firm, today announced organizational enhancements that are designed to improve the firm’s overall management structure and support the continued growth of the firm. The changes include the following:
· Yolanda Waggoner-Foreman, Chief Administrative Officer and Robert C. Hubbard, Chief Operating Officer will assume the roles of Co-Chief Executive Officers, effective immediately. They will have joint responsibility for the day-to-day management of the firm and execution of the firm’s strategy.
· Laurence O. Gray, President and Chief Executive Officer, will continue in his position as President of the firm, while transitioning out of a day-to-day management role. Mr. Gray will primarily focus on guiding the Executive Committee in the firm’s next phase of growth.
· As part of the new structure, Gray & Company is combining all investment capabilities under the leadership of Peter Lupoff, Chief Investment Officer. Mr. Lupoff, who was previously CIO of Gray’s Alternative Investment Division, will become CIO for the entire firm.
· The Executive Committee, consisting of Mr. Gray, Ms. Foreman, Mr. Hubbard and Mr. Lupoff will remain in place, continuing to provide the overall strategic direction of the firm.
Laurence O. Gray, Founder and President, said, “Over the past two decades, Gray & Company has evolved into a global investment solutions firm with more than $10 billion in assets under advisement and $840 million in discretionary assets. We have become an enduring, world-class institution with a deep and talented team of financial services professionals led by Yolanda, Bob and Peter. Having been at the helm since the firm’s founding, it is now time for these capable leaders to take an active role in the decision making and oversee the day-to-day management of the firm.”
Below are the biographies of the three new appointees:
Ms. Foreman joined Gray & Company in March, 2010. She has over 12 years of industry experience. Prior to joining Gray & Company, Ms. Foreman was the Chief Administrative and Compliance Officer for United Investment Managers. She also served as Vice President of Marketing/Client Services for The Kenwood Group and was an analyst for Edward Jones.
Robert C. Hubbard
Mr. Hubbard joined Gray & Company in August, 2006. He has over 12 years of industry experience. Prior to joining Gray & Company, he served as the Pension Plan Administrator for Washtenaw County Government in Ann Arbor, MI for 5 years with responsibility for the administration of the County’s Defined Benefit, Defined Contribution, VEBA, and 457 Deferred Compensation retirement plans. He started his career as an analyst at MGT of America in Tallahassee, FL where he worked on management consulting projects for state and local governments, and institutions of higher education.
Mr. Lupoff has 20 years experience in the investment industry. He joined Gray & Company when the company acquired Tiburon Capital Management, LLC in October 2012. Mr. Lupoff founded Tiburon Capital Management, LLC in 2009 and served as its CEO and Portfolio Manager of the Funds and Managed Accounts. He was previously a portfolio manager at Millennium Management LLC and Robeco WPG. Lupoff began his career at MJ Whitman, Inc where he was a partner, member of the Board of Directors, portfolio manager and trader. Lupoff’s extensive prior trading and managing experience includes Lehman Brothers, Schultze Asset Management LLC, EagleRock Capital Management, LLC, CIBC, Bank of New York and Integrated Resources.
About Gray & Company
Gray & Company, established in 1991, is an independent investment advisory firm with offices in Atlanta, GA, Chicago, IL, New York, NY and Bloomfield Hills, MI. Gray & Company provides comprehensive global investment guidance and customized solutions to Pension Funds, Endowments, Private Foundations, Corporations, Taft-Hartley Plans and Trusts.