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HighTower’s New CEO Fills Out Executive Ranks

HighTower’s New CEO Fills Out Executive Ranks

HighTower has snagged Private Advisor Group’s Abby Salameh as its new chief marketing officer, among other folks.

HighTower’s new CEO Bob Oros is filling out his executive suite with three new hires, including Abby Salameh, former Private Advisor Group executive, as his new chief marketing officer. Greg Fink, former president and CEO of ACG Wealth, joins as head of advisor success, and Catherine Davies, former senior relationship manager and vice president at Fidelity, is the firm’s new chief of staff and head of business management.

Salameh will be responsible for the firm’s corporate and field marketing teams. Most recently, she was the CMO at Private Advisor Group, a hybrid registered investment advisor and super office of supervisory jurisdiction of LPL Financial. Prior to that, she was senior vice president and CMO of Fusion Advisor Network.

abby-salameh.jpgFink, most recently with hybrid RIA ACG Wealth, will work with HighTower’s advisors on practice management and growth strategies, including creating annual business plans. Prior to ACG, he held positions at Fidelity Clearing & Custody Solutions, Northern Trust, Direxion Funds and Bank of America Securities.

As chief of staff and head of business management, Davies will support the day-to-day operations of the executive team as well as what the firm calls “cross-enterprise initiatives.” In her previous role at Fidelity, she was responsible for the HighTower relationship.

Oros came on board in January as the firm’s new chief executive, replacing the RIA’s founder, Elliot Weissbluth, who said in August he would step down as chief executive once a replacement was found. Weissbluth is now chairman of the Chicago-based firm’s board.

The change was part of an existing long-term plan for leadership at the firm to support its growth and capture market share, Weissbluth said.

In a recent interview with WealthManagement.com, Oros said the firm was forgoing its original partnership model to focus on offering capital and support services to other registered investment advisors, a move he believes positions the company to double in size.

HighTower currently has 98 advisory teams in 33 states and $68.6 billion in client assets.

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