BRYN MAWR, Pa.--(BUSINESS WIRE)--Spouting Rock Asset Management, LLC, (“Spouting Rock”), a multi-boutique manager platform providing investment solutions and services, today announces Marc Brookman, an industry veteran with more than 30 years of experience, is joining the firm as Chief Executive Officer. As part of a broader series of leadership changes amid the firm’s growth, Andrew Smith will assume the role of Chairman. Current Chairman John Coyne is transitioning into an advisory role for the firm and will remain an investor.
“Over the past few years, Spouting Rock has undergone a period of transformational growth,” said Andrew Smith, Chairman of Spouting Rock Asset Management. “As we look to further develop our platform, we’re excited to leverage Marc Brookman’s vast experience in asset management to continue to broaden our distribution efforts and shared services model designed to help clients achieve their investment goals.”
Prior to joining Spouting Rock, Brookman was the CEO of Schroders North America. Before Schroders, Brookman worked at Morgan Stanley for more than a decade where he was Head of Institutional Wealth Services, Products and Sales and was also responsible for Graystone Consulting.
“Spouting Rock has set a new standard for multi-boutique managers in the United States,” said Marc Brookman, CEO of Spouting Rock Asset Management. “After working with large firms for more than 30 years, I’m honored to join such an innovative, growth-oriented organization that is offering the benefits of a large firm – scale, efficiency, brand and distribution – and combining it with the benefits of a boutique firm – investment focus, ownership, strong performance and alpha generation – to provide investment solutions that seek to enhance portfolios and protect wealth.”
Spouting Rock offers investment management solutions and private equity opportunities to sophisticated investors, institutions and financial professionals aimed at enhancing portfolios and protecting wealth. Over the past three years, Spouting Rock has added several leading managers to its platform, including Penn Capital Management Company, LLC., Glovista Investments, Bell Asset Management and Old Hill Partners.
About Spouting Rock Asset Management, LLC
Founded in 2018, Spouting Rock Asset Management is a multi-boutique manager platform providing alternative, traditional and thematic investment solutions and services. This platform of curated active and opportunistic managers offers sophisticated investors, financial professionals and institutions forward-thinking solutions designed to help them plan for their financial future.