Ivy Promotes Execs, Names Co-Vice Chairman

Jan 13 2006 | 8:18pm ET

Alternative asset management firm Ivy Asset Management has named Sean Simon and Michael Singer as co-presidents and Adam Geiger as chief investment officer.

The firm, which has $14 billion in assets under management, has also named co-founders Lawrence Simon and Howard Wohl as vice chairmen.

In their new roles, Sean Simon and Singer will be responsible for establishing Ivy's strategic plan and managing the firm's business. Sean Simon will oversee Ivy's global client relationship development and servicing and Singer will oversee the finance, compliance, information technology, human resources and administration departments. Sean Simon previously served as Ivy's head of global client development, while Singer was chief administrative officer.

In his new role, Geiger, who will report to the co-presidents, will be in charge of the global investment team. Previously, he was global head of investments.

Meanwhile, Lawrence Simon and Wohl will serve as strategic advisers to the firm, participating in the tactical development of key firm initiatives and providing mentorship to Ivy executives.

Lawrence Simon was formerly president and ceo of the management firm, which he co-founded with Wohl in 1984.  Wohl was previously chief investment officer.

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