FS Investments Names Ex-GSAM Exec DeAngelis Head of Distribution

Oct 5 2016 | 7:41pm ET

Alternative asset manager FS Investments has hired veteran financial services executive Steve DeAngelis as executive vice president and head of distribution. 

DeAngelis will serve on the firm’s executive committee and as president of wholly owned broker-dealer subsidiary FS Investment Solutions, the company said in a statement. He joins the firm as it is expanding distribution into new channels, preparing to launch new investment strategies, and ramping up its advisor and investor education platform.

DeAngelis joins the company from Goldman Sachs Asset Management, where he was head of the U.S. advisor solutions group and led distribution of all products and services to RIAs, regional and national wirehouses, and independent broker-dealers. Beforehand, he co-founded and served as President of ADVISORport, the industry’s first web-based platform for delivering customized managed account services to broker-dealers, banks and third-party RIAs. He also held several senior positions at Delaware Capital Management after starting his career at Brinker Capital, Inc. He holds the Certified Investment Management Analyst® designation.

“Steve DeAngelis has had a long and impressive career in financial services, both as a sales leader and business builder,” said Michael Forman, chairman and CEO of FS Investments. “We believe we have just cracked the surface in reaching investors who will benefit from incorporating alternatives in their portfolios and look forward to Steve leading our efforts to reach and help more folks."

Founded in 2007 as Franklin Square Partners, FS Investments is designs alternative investments to help institutional, advisory and individual investors build better portfolios. Its solutions include business development companies, closed-end credit funds and operating companies.  The Philadelphia-based firm currently manages six funds with over $18 billion in assets under management as of June 30, 2016.

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