It's been a week of shake-ups
at the series trusts.
| Kevin Hesselbirg|
The Gemini Companies
CEO Andrew Rogers
has resigned from his post after sixteen years with the firm, and Kevin Hesselbirg
will take over. The change is effective April 10.
A spokesperson from Gemini was not immediately available for further comment.
There's no word on Rogers' next move after Gemini, though he will stay on for now in an advisory capacity to help with the transition.
Hesselbirg most recently served as CEO of Primatics Financial
, a financial solutions provider. Before that, he worked at E&Y and served as CEO and COO of OpenLink Financial. He has also advised various PE shops, including TA Associates, the company that bought
a majority stake in NorthStar Financial Group
, Gemini's parent, back in February 2015.
During his time at Gemini, Rogers played a key role in the establishment of additional business lines for both the firm and its parent. Prior to that, Rogers served as vice president, compliance officer and accounting manager at JP Morgan Chase.
In a statement, NorthStar executive chair and board director, Jon Baum
, wishes Rogers the best of luck in future endeavors.
Baum's a fairly recent addition to NorthStar, joining just over a year ago, and has deep roots in the fund industry. He previously served as CEO of Dreyfus
and senior advisor to RidgeWorth Investments
. He was also on the board of governors at the ICI from 2009-2012.
NorthStar Financial has over $530 billion in AUM as of the end of February. This includes Gemini's Northern Lights-branded series trusts.
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