BRYN MAWR, Pa.--(BUSINESS WIRE)--Spouting Rock Asset Management, LLC, (“Spouting Rock”), a multi-boutique manager platform offering investment solutions and services, is pleased to announce the appointment of Andrew (“Andy”) Provencher, CFA, as Chief Client Officer. With over 30 years of industry experience, Andy will play a critical role in strengthening the firm’s relationships with clients and augmenting the breadth and effectiveness of the firm’s distribution networks.
Prior to joining Spouting Rock, Andy held significant roles at BNY Mellon Investment Management as head of North American distribution and at American Century Investments as head of platform sales. His career began at Neuberger Berman, where he spent nearly 17 years, ultimately rising to managing director, head of intermediary distribution.
At Spouting Rock, Andy will spearhead initiatives to deepen and broaden relationships across parts of the asset management ecosystem, including with institutional investors, intermediaries, financial advisors and retail investors.
"Being part of Spouting Rock at this juncture is a great opportunity to leverage my experience in a firm that’s on a clear upward trajectory," Andy Provencher shared. "The firm’s dedication to providing a variety of investment solutions while navigating the complexities of today’s financial landscape aligns well with my background. I am excited to join the team and contribute to the firm’s ongoing initiative to help build an asset management business focused on helping clients achieve their goals.
Andrew Smith, Chairman of Spouting Rock, also expressed his views on this strategic appointment, "We are fortunate to have Andy join our team, bringing with him a wealth of experience that we believe is vital for our next phase of growth. His understanding of the industry and his experience in building meaningful client relationships make him an asset to Spouting Rock.”
Spouting Rock continues to strategically expand its offerings, adding depth to its platform of investment management solutions and private market opportunities. Over the past three years, Spouting Rock has added several leading managers to its platform, including Penn Capital Management Company, LLC., Glovista Investments, Stewart Asset Management, Alquity Investment Management, SR Alternative Credit (formerly Old Hill Partners) and Altan Asset Management.
For more information, please visit: https://spoutingrock.us.
About Spouting Rock Asset Management
Founded in 2018, Spouting Rock Asset Management (Spouting Rock) offers a platform of curated global investment managers specializing in traditional and alternative investment solutions aimed to enhance portfolios and protect wealth. Located outside of Philadelphia, Pennsylvania, Spouting Rock’s multi-boutique manager platform provides institutions, financial professionals and sophisticated investors access to invest in niche strategies in less efficient markets where active management has the potential to add meaningful alpha. Spouting Rock offers a robust, cost-efficient shared services platform that gives boutique managers the back-office benefits of a scaled asset management business, allowing them to focus on their strengths – portfolio management and investment analysis.