Silvercrest Asset Management Group Appoints J. Allen Gray to Board of Directors

Core Insights - Silvercrest Asset Management Group Inc. has appointed J. Allen Gray to its Board of Directors, effective immediately [1] - Mr. Gray has nearly 17 years of experience at Silvercrest, significantly contributing to the growth of the institutional asset management business, which now represents approximately 30% of the firm's discretionary assets under management [2] - The Chairman and CEO of Silvercrest, Richard Hough, expressed confidence that Mr. Gray's strategic insights will enhance the firm's growth in institutional asset management and global initiatives [3] Company Overview - Silvercrest was founded in April 2002 as an independent, employee-owned registered investment adviser, with a reported assets under management of $36.5 billion as of December 31, 2024 [5] - The firm operates offices in New York, Boston, Virginia, New Jersey, California, and Wisconsin, providing traditional and alternative investment advisory and family office services to wealthy families and select institutional investors [5] J. Allen Gray's Background - J. Allen Gray is a Managing Director and Head of Institutional business at Silvercrest, previously serving as Managing Partner at Osprey Partners Investment Management and as President of the Osprey Concentrated Large Cap Value Equity Fund [4] - His career includes roles at Radnor Capital Management and Wheat, First Securities, where he was involved in sales, marketing, and client relations [4]