Hamilton Lane veterans named co-CEOs
Two longtime executives have been appointed co-chief executive officers at Hamilton Lane in a succession plan that sees current CEO, Mario Giannini, step up as executive co-chairman.
Erik Hirsch, based in Pennsylvania, and Juan Delgado-Moreira, based in Hong Kong, will take up the new roles on 1 January 2024.
According to the firm, Hirsch will lead the firm’s strategic direction and manage its operations while Delgado-Moreira, who will be appointed to the board of directors, will primarily focus on leading Hamilton Lane’s global sales efforts and client service organisation.
The executives will jointly lead the firm’s global investment team.
Meanwhile, Giannini, who has been CEO at Hamilton Lane for 22 years, will join firm veteran Hartley Rogers as executive co-chairman.
“We’re thrilled to be making this announcement today – at a time when Hamilton Lane is as strongly positioned as it’s ever been in terms of our global platform and scale, new and differentiated product lines, growing client base and deep leadership bench,” Giannini said.
“With Erik and Juan stepping into the roles of co-CEOs, I am both confident and excited about the future of Hamilton Lane, knowing we’ve identified the right leaders to build upon the strength of our current foundation and guide us through the next evolution of our business.”
Rogers said he’s proud of Hamilton Lane’s accomplishments in the last two decades, adding the new structure reinforces its foundation as it expands in global private markets.
“I am incredibly grateful to Mario for his leadership through decades of tremendous transformation and look forward to continuing our active roles in advancing the best interests of Hamilton Lane’s clients, employees, shareholders and business partners,” Rogers said.
“This announcement reflects a thoughtfully considered transition plan – one that elevates two long-standing partners to well-deserved roles. Erik and Juan have been instrumental in shaping Hamilton Lane into the outstanding firm it is today through their respective contributions to our investment success, product innovation and global reach.”
Hirsch, who joined the firm in 1999, currently leads the firm’s strategic and technology initiatives, serves on the firm’s investment committee, and is a board member.
He served as the firm’s chief investment officer from 2003 to 2016.
Delgado-Moreira, who joined Hamilton Lane in 2005, is currently its vice chair. He is an investment committee member and oversees international investment activities and client relationships.
The private markets investment firm has nearly US$818 billion in assets under management and supervision, composed of US$117 billion in discretionary assets and approximately $701 billion in non-discretionary assets as of 30 June 2023.
AUTHOR
Rhea Nath
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