Advisory company Egon Zehnder has acquired The Prince Houston Group, a New York-based boutique firm specialising in asset and wealth management.
The Prince Houston Group serves a diverse clientele, including asset management firms, family offices, endowments, foundations, hedge funds, private equity funds, and insurance organisations.
The Prince Houston Group founder and managing partner Marylin Prince said: “This partnership enables us to expand our reach globally and we are aligned philosophically in how we serve clients.
“In every respect, this is a perfect fit. We look forward to combining our strengths to better support our clients in the financial services space.”
This acquisition is said to enhance Egon Zehnder’s presence in the US financial services sector by integrating a team with “deep” industry knowledge and established client connections.
In return, The Prince Houston Group will benefit from Egon Zehnder’s global platform, expanding its reach and adding leadership advisory services to its offerings.
Egon Zehnder global executive chair Michael Ensser said: “This acquisition is part of our strategy to grow organically as well as through carefully selected expansion opportunities that align with our values and long-term vision.
“The Prince Houston Group’s depth of expertise in asset and wealth management and its bespoke approach will bolster our Financial Services Practice in the US and around the world.”
Hunt Scanlon Ventures was Egon Zehnder’s buy-side M&A advisor for the transaction.
In March this year, Egon Zehnder appointed Roopa Foley and Loula Lefkaritis as global co-leaders of its Financial Services Practice, succeeding Gabi Carvalho and Edmund Siah, who will remain in strategic roles.
The new co-leaders will enhance the firm’s global efforts in banking, insurance, asset management, and fintech.
“Egon Zehnder acquires The Prince Houston Group” was originally created and published by Private Banker International, a GlobalData owned brand.
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