Silver Lane Co-Founder And Former Raymond James Executive Takes Helm At Cresset Alongside Co-Founders
Cresset, a multifamily office and private investment firm with over $30 billion in assets under management, announced the appointment of Liz Nesvold to its newly created role of President to oversee the firm’s platform offering, strategy and family office services. The firm primarily serves CEO founders, executives, wealth creators, entrepreneurs and partners, as well as multigenerational and high net worth families.
“Liz is one of the most respected and recognized advisors to the wealth management industry and has led the strategy around transformational partnerships and business combinations,” said Stein.
In her new role, Nesvold will work closely with the firm’s Founders and Co-Chairmen, Eric Becker and Avy Stein, to ensure that clients continue to receive a holistic, personalized, boutique family office experience.
“An entrepreneur at heart, Liz is a fearless leader who personifies integrity and transparency on behalf of clients, colleagues, and our industry,” Becker said. “She embodies Cresset’s core values of client first, innovation, and entrepreneurial spirit, and will help drive Cresset’s commitment to attract, retain, and develop talented, diverse leaders.”
With over three decades of experience, Nesvold previously served as Managing Director and Head, Asset & Wealth Management Investment Banking at Raymond James Investment Banking, as well as Managing Partner of Silver Lane Advisors, which she co-founded. Prior to Silver Lane, she was a Managing Director and Partner at Berkshire Global Advisors.
Nesvold said, “Having worked collaboratively with Cresset to complete three RIA partnerships with clients in the past, I had a first-hand opportunity to see the organization’s commitment to its vision and culture, and the deep value it places on its people, innovation, and entrepreneurship. For all of those reasons, Cresset is the perfect fit.”
Nesvold actively advocates for women in the financial industry and is a member of CHIEF, 100 Women in Finance and Young Presidents Association. She also serves as an independent director on the board of ClientWise, which she recapitalized with Northwestern Mutual Futures Venture Fund.
Janeesa Hollingshead, Executive Editor at Wealth Solutions Report, can be reached at firstname.lastname@example.org.