ALTI News & Events

Reports Q4 revenue $88.3M vs $51.471M last year

AlTi Global announced that Nancy Curtin has been appointed Interim Chief Executive Officer of AlTi and to its Board of Directors, effective immediately. Curtin is a member of the executive leadership team and serves as Global Chief Investment Officer of AlTi. She succeeds Michael Tiedemann, who will remain available in an advisory capacity to support the transition. Since AlTi's inception, Curtin has served as Global Chief Investment Officer

AlTi Global confirmed that it has received multiple preliminary indications of interest regarding a potential transaction with the company. The Board of Directors of the company has formed a Special Committee of independent directors to consider these preliminary indications of interest and to assess potential strategic options to maximize long-term value for shareholders, support the company's continued growth and to continue delivering best-in-class service to clients. AlTi holds a unique position in the ultra-high-net-worth space with a truly global franchise. AlTi continues to simplify its core business model and is focused on improving margins and maintaining momentum around growth organically and inorganically. There can be no assurance that the Special Committee's review process will result in any particular outcome or transaction, and there is no definitive timeline set for the completion of the review process. The company does not intend to make additional comments regarding the review process until it determines that additional disclosure is appropriate or necessary.

Corient, the wealth management arm of Canadian asset manager CI Financial, has held talks to acquire AlTi Global and take the company private, sources with knowledge of the situation told Citywire. The two sides have held talks over the prior few weeks and months, though the current state of negotiations was not immediately clear and a deal has not been finalized, the report added, citing sources.