The founders of wealth intelligence specialist Wealth-X are to step down in September 2016 from their roles as CEO and President. Chief Commercial Officer Marc Cohen and CFO Richard Green become Co-Presidents, while Prasanth Ramanand and Christine Noh join in senior roles.
The firm, which provides intelligence and insight on the 'ultra-wealthy', was founded in 2010 by Mykolas Rambus and David Friedman, until now CEO and President respectively, and more than doubled in size following the acquisition of Mayfair, London-based Ledbury Research in February 2015. Ledbury is now fully integrated and rebranded as Wealth-X Custom Research, while Wealth-X has more than 250 staff in ten global centres including Singapore, London and New York.
London-based Cohen (pictured) co-founded Ledbury in 2003, having worked previously as a Product Manager and Sales Specialist at tech consultancy Forrester Research. Green joined Wealth-X from Roubini Global Economics which he joined in 2006 and where he served as COO, CFO and latterly CEO. A Chartered Accountant in England and Wales, and a member of the American Institute of Certified Public Accountants, he is now based in New York.
Ramanand joins in New York as Vice President of Product Development, from LexisNexis where he was Director of Product Management. Noh, also based in the Big Apple, is the new Director of Legal Affairs, responsible for providing legal counsel and guidance. She worked previously as Assistant General Counsel at HBI Incorporated, and Group Counsel to Hinduja Global Solutions, Inc. - and earlier in her career was a mergers & acquisitions associate at Dewey & LeBoeuf LLP.
Wealth-X Chairman Euan Menzies says the changes will 'ensure that Wealth-X has seasoned leadership for its continued growth'. Of the departing founders, he says: 'I would like to thank both Mykolas and David for their significant contributions to the creation and growth of Wealth-X. Their vision to develop a leading global platform of wealth intelligence has provided a strong base on which we will continue to build'.
Cohen and Green in a joint statement say the new roles are representative of the firm's 'ongoing investment into enhanced business practices and superior client service', and add: 'Prasanth's background will be of tremendous benefit as we refresh and enhance our products, and Christine's expertise will provide an added level of insight as we strive to meet our ever-increasing client demand'.
Web site: www.wealthx.com .
All articles 2006-18 written and edited by Mel Crowther and/or Nick Thomas.