Pitcairn, a leading multi-family office celebrating a century of serving ultra-high-net-worth families, just announced a leadership transition–CEO Leslie Voth will hand over the reins to the firm’s current president, Andrew L. Busser.
Voth, who will continue as chairman, was the first woman CEO and chairman of the board and the first non-Pitcairn family member to serve as chairman. Under her leadership as CEO since 2012, the firm has grown from being a single family office to serve the needs of more than 120 multi-generational families and its average client size has increased from $25 million to more than $80 million.
“I’m very grateful and honored to work at this firm for over 30 years,” Voth tells Crain Currency, remembering how the Pitcairn family told her when she took the job, ‘Make the client experience your north star, and if that goes well everything else will fall into place.’” She’s proud of her work “helping to diversify the firm, both gender and generational” and is “feeling good about leaving it in great hands.”
Busser says that his “number one goal is that we provide an outstanding client experience” and he plans to continue to invest in technology and people towards that end. As for the current investing climate, he expects interest rates to stay high for years to come, is keeping a close eye on the geopolitical situation amid tension with China and the disruption of the Ukraine war, and is anticipating private equity’s shift “from financial engineering to operational value creation.”