A publicly traded, multi-boutique asset manager based in Texas has brought aboard a longtime wealth advisor to fill a newly-created leadership position.

Nikhil Sudan McKinsey & Company Partner, Wealth and Asset Management

Last week, the team at San Antonio-based Victory Capital Holdings [profile] confirmed that Nikhil Sudan has been tapped for the role of president in direct investor business. Sudan serves as a partner in wealth and asset management at McKinsey & Company.

A spokesperson for McKinsey did not immediately return calls for comment.

Victory's chairman and CEO, David Brown, states, "Launching our Direct Investor Business has been a significant achievement for Victory Capital."

"As we continue to invest and allocate resources to realize this growth opportunity," Brown notes, "we are thrilled to welcome Nikhil and look forward to him leading this important business. We have worked with Nikhil and gotten to know him well over the past year, and he has already been instrumental in transforming our use of data and advanced analytics."

Sudan states, "I'm eager to join Victory Capital, a fast-growing company with talented people dedicated to their clients."

Sudan will begin at Victory in January, serving in the company's San Antonio headquarters. He will also become a member of the company’s executive committee.

Sudan concludes, "Victory Capital is ideally positioned with its direct investor base, and this is an exciting time as we embark together on this latest evolution of the Company's business model and growth strategy."

Prior to his work at both Victory and McKinsey, Sudan was with Ada Investments as a partner, chief operating officer, and chief compliance officer from 2015 to 2016. He was at Bridgewater Associates for four years before that, and was at McKinsey previously from 2005 to 2010. He is an alumnus of Union College.

Victory works with around $142.5 billion in AUM. 

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