Business
HAMILTON LANE ANNOUNCES STRATEGIC LEADERSHIP CHANGES
Reflects Next Stage of Growth for Industry-Leading Private Markets Investment Management Firm Elevates Several Key Professionals, Highlighting Firm's Deep
About this update from Hamilton Lane Incorporated
[{"type":"text","content":"Reflects Next Stage of Growth for Industry-Leading Private Markets Investment Management Firm Elevates Several Key Professionals, Highlighting Firm's Deep Reserve of TalentCONSHOHOCKEN, Pa., July 20, 2023 /PRNewswire/ -- Hamilton Lane (Nasdaq: HLNE), a leading global private markets investment management firm, today announced a series of senior leadership changes designed to position the firm for continued growth and long-term success on a global scale. The elevation of these key professionals to take on more expansive roles illustrates the firm's strong operational foundation, investment expertise and collaborative, performance-driven culture.\n\"We are delighted to strengthen Hamilton Lane's leadership team with a group of long-tenured, experienced professionals who bring innovative perspectives, strategic insights and a forward-looking, global mindset to our firm,\" said Hamilton Lane CEO Mario Giannini. \"In recognizing and elevating this talented group, we are helping to ensure that Hamilton Lane continues to serve as a valued partner to our clients around the world, and as a steady engine of transformation and growth within our asset class.\"\nJeffrey Armbrister has been appointed to serve as Hamilton Lane's Chief Financial Officer, succeeding Atul Varma, who is leaving the firm to pursue other interests. Varma will continue in his role as CFO until August 8 and will remain with the firm as a senior advisor over the next several months to facilitate an orderly transition. For the last five years, Armbrister has led the firm's Direct Equity investment business, which earlier this year closed its latest fund on more than $2 billion of investor commitments. He has been with Hamilton Lane since 2018 and brings a proven track record of transaction-based investing and operational experience leading both investment and finance teams, and working with management teams and corporate boards to execute strategic initiatives, grow businesses and solve complex problems.Andrew (Drew) Schardt will become a Vice Chairman of Hamilton Lane, while retaining his role as Head of Investment Strategy. In both of these capacities Schardt will continue to implement executive-level initiatives while maintaining broader leadership responsibilities across the firm's global investment platform. Schardt will also step into the role of Head of Direct Eq...