Titanbay hires ex-BlackRock exec as co-CEO as it surpasses $1bn AUM
Private markets investment platform Titanbay has appointed former BlackRock EMEA head of retail Michael Gruener as co-chief executive and surpassed $1bn (£770m) in assets under management (AUM).
Gruener (pictured right) will join current chief executive Ossama Soliman (pictured left), a veteran technology executive at Amazon and two fintech unicorns.
Soliman will focus on the technology and operating the business, while Gruener takes the reins on the commercial side.
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Gruener has more than 20 years of experience in financial services, having held key leadership positions at BlackRock and Goldman Sachs.
Titanbay is a private markets investment platform designed for wealth managers, private banks and their clients to access leading global private market funds.
It hit the $1bn AUM miletone a year after launching its B2B platform and growing six-fold year-on-year.
“In order to accelerate our growth, we scoured Europe for the best commercial leader with unparalleled expertise in wealth and asset management,” Soliman said. “I am absolutely thrilled to say that we have found that leader in Michael Gruener and I’m extremely delighted to welcome him as co-chief executive. Adding his wealth and asset management expertise to our existing world class tech, regulatory and operational expertise will amplify our success and solidify Titanbay as the premier platform for private market investments.”
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Gruener added: “I am delighted to join Titanbay at such an exciting time, especially as the company surpasses $1bn in AUM. With its strong momentum and innovative platform, Titanbay is truly reshaping how wealth managers and private banks access private markets. I look forward to working alongside Ossama and the team to further elevate Titanbay’s offering and expand its reach.”
Gruener’s appointment follows a period of rapid growth at Titanbay, which includes securing 30 strategic partnerships, operations across 41 countries, and achieving more than 6x year-on-year growth.
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