CHICAGO--(BUSINESS WIRE)--RMB Capital (“RMB”), an independent financial services firm with more than $6.7 billion in assets under management, announced a combination with IronBridge Capital Management, L.P., an asset management firm based in Oakbrook Terrace, Ill. Senior executives from the two firms have known each other for years, as RMB Capital’s chief operating officer Walter Clark has been on the board of directors for IronBridge Funds since 2010.
The IronBridge team will join RMB at the end of June. Chris Faber, IronBridge’s founder, president, and lead portfolio manager, along with the other senior members of the investment team, will continue to manage their products and strategies. As of April 30, 2017, IronBridge had approximately $1.7 billion in assets under management, primarily from institutional investors.
“We’ve continually focused on building a robust and sophisticated investment platform at RMB,” said Richard M. Burridge, Jr., RMB Capital founding partner, CEO and chief investment officer. “Chris and his team have a long history of managing assets for institutional investors, and their combined expertise will be a meaningful addition to our asset management group. Because they are active managers with a fundamental approach to stock-picking, we are closely aligned from a philosophical standpoint, which is very important to us.”
IronBridge was founded in 1999 with a mission of helping clients achieve their investment objectives by providing attractive risk-adjusted excess returns over a full investment cycle and offering exceptional client service. The IronBridge team currently manages four equity strategies—U.S. small-, smid-, and large-cap, as well as global—available as both separately managed accounts and mutual funds. The Board of Directors for the IronBridge Funds voted unanimously to appoint RMB as the interim investment advisor, effective May 25, 2017. Shareholders will vote on this change at a meeting to be held in July.
“This is a great move for our team and our clients,” Faber said. “It offers an opportunity to reinvigorate growth while maintaining continuity in our investment process and team. As a result, it strengthens our ability to be great stewards of our clients’ capital, which has always been our primary goal.”
ABOUT RMB CAPITAL
RMB Capital is an independent, diversified financial services firm. Its businesses include wealth management, asset management, and retirement plan consulting. RMB is headquartered in Chicago with offices in Denver, Jackson Hole, Wyo., Lake Forest, Ill., Washington, D.C., and New York City. To learn more about RMB Capital, visit www.rmbcap.com.