AlTi Global Appoints New CFO Patrick Keenan
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 25 2026
0mins
Source: seekingalpha
- Executive Change: AlTi Global has appointed Patrick Keenan as Chief Financial Officer, effective July 1, 2026, succeeding current CFO Mike Harrington, which is expected to bring a new financial strategic direction to the company.
- Financial Background: Currently serving as Deputy CFO, Keenan has extensive financial management experience, and his appointment is anticipated to help maintain financial stability and optimize resource allocation during the transition period.
- Revenue Performance: AlTi Global reported $73 million in revenue for Q1 2026, demonstrating the company's competitiveness in the market while laying the groundwork for expected cost reductions in the second half of the year.
- Cost Savings Target: The company aims to achieve $20 million in recurring annual gross savings by the end of 2026, intending to enhance overall operational efficiency through strategic review and executive transition.
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Analyst Views on ALTI
About ALTI
AlTi Global, Inc. is an independent global wealth manager providing entrepreneurs, multi-generational families, institutions, and emerging leaders with fiduciary capabilities as well as alternative investment strategies and advisory services. Its Wealth & Capital Solutions segment provides holistic solutions for its wealth management and Outsourced Chief Investment Officer (OCIO) clients through a comprehensive array of wealth management services, including discretionary investment management services, non-discretionary investment advisory services, trust services, administration services, and family office services. Its International Real Estate segment assists its investors with real estate co-investments by providing access to highly differentiated opportunities in these areas as well as structuring and selecting partners with a proven track record in alternative asset classes, with attractive risk-adjusted return characteristics.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
AlTi Global Appoints New CFO Patrick Keenan
- Executive Change: AlTi Global has appointed Patrick Keenan as Chief Financial Officer, effective July 1, 2026, succeeding current CFO Mike Harrington, which is expected to bring a new financial strategic direction to the company.
- Financial Background: Currently serving as Deputy CFO, Keenan has extensive financial management experience, and his appointment is anticipated to help maintain financial stability and optimize resource allocation during the transition period.
- Revenue Performance: AlTi Global reported $73 million in revenue for Q1 2026, demonstrating the company's competitiveness in the market while laying the groundwork for expected cost reductions in the second half of the year.
- Cost Savings Target: The company aims to achieve $20 million in recurring annual gross savings by the end of 2026, intending to enhance overall operational efficiency through strategic review and executive transition.
See More
AlTi Global, Inc. Q1 2026 Earnings Call Insights
- Revenue and Profitability: AlTi Global reported total revenue of $73 million in Q1 2026, exceeding analysts' expectations of $63.8 million, demonstrating resilience in revenue amidst market volatility, while adjusted EBITDA reached $15 million with a margin increase from 13% to 20%, indicating improved profitability.
- Management Expenses and Strategic Review: Despite a year-over-year increase of $18 million in total operating expenses to $84 million, management emphasized that costs remain too high, with strategic review expenses expected to persist into Q2 and possibly Q3, highlighting the urgency of optimizing cost structures.
- Assets Under Management: Assets under management totaled $49 billion at quarter-end, with management noting that market fluctuations could affect reported AUM, underscoring market sensitivity and uncertainty regarding future growth.
- Future Outlook and Strategic Priorities: While no formal revenue or EPS guidance was provided, management anticipates that the benefits of cost control measures will become evident in the second half of the year, indicating a commitment to enhancing profitability and driving organic growth while maintaining unchanged strategic priorities.
See More
AlTi Global Reports Sharp Revenue Increase Amid Leadership Change
- Significant Revenue Growth: AlTi Global's total revenue surged 54% year-over-year to nearly $88.3 million, primarily driven by incentive fees of $31.7 million, showcasing the success of the company's arbitrage operations.
- Management Fee Increase: The company's management and advisory fees rose 14% to $52.7 million, indicating stable growth in its wealth management business, despite the overall strong market performance.
- Narrowed Net Loss: Under GAAP standards, AlTi's net loss narrowed to just over $15 million, compared to a nearly $72 million loss in the same quarter last year, reflecting an improvement in financial health.
- Leadership Transition: The company appointed its global chief investment officer, Nancy Curtin, as interim CEO, replacing founder Michael Tiedmann, marking a significant step in the company's strategic transformation to expand its wealth management platform.
See More
AlTi Global Reports Q4 2025 Results Amid Leadership Change
- Revenue Growth: AlTi Global's Q4 2025 total revenue surged 54% year-over-year to nearly $88.3 million, primarily driven by $31.7 million in incentive fees, which are bonuses earned from exceeding performance benchmarks in its arbitrage operations, indicating strong performance in wealth management.
- Narrowed Net Loss: The company reported a GAAP net loss of just over $15 million, significantly reduced from a nearly $72 million loss in Q4 2024, demonstrating substantial progress in financial management despite still being in the red.
- Leadership Transition: AlTi Global appointed its global chief investment officer, Nancy Curtin, as interim CEO, replacing founder Michael Tiedmann, marking a significant strategic shift as the company aims to build a leading global wealth and investment platform.
- Cautious Market Reaction: Although AlTi's stock rose by 0.6%, it lagged behind the S&P 500's 2.9% gain, reflecting market uncertainty regarding the company's future, particularly in light of the leadership change, prompting investors to exercise caution.
See More
AlTi Global Reports Q4 Results Amid Leadership Change
- Strong Earnings Report: AlTi Global's Q4 2025 revenue surged 54% year-over-year to nearly $88.3 million, primarily driven by $31.7 million in incentive fees, which are bonuses from exceeding performance benchmarks, indicating robust performance in the wealth management sector.
- Narrowed Net Loss: The company reported a GAAP net loss of just over $15 million, a significant improvement from a nearly $72 million loss in Q4 2024, reflecting progress in financial health and operational efficiency.
- Leadership Transition: AlTi appointed Nancy Curtin, the global chief investment officer, as interim CEO, replacing founder Michael Tiedmann, marking a strategic shift as the company aims to build a leading global wealth and investment platform.
- Future Uncertainty: While AlTi is expanding through acquisitions and organic growth, the unexpected departure of its founder introduces uncertainty that may affect investor confidence, leading analysts to adopt a cautious outlook on the stock's future performance.
See More
AlTi Global Reports 29% Revenue Growth in 2025
- Significant Revenue Growth: AlTi Global Inc achieved total revenue of $255 million in 2025, representing a 29% year-over-year increase, indicating sustained competitiveness in the market and likely attracting more investor interest.
- Expanded Assets Under Management: By the end of 2025, the company's assets under management (AUM) reached $50 billion, a 10% increase year-over-year, which not only enhances the company's market position but also lays the groundwork for future revenue growth.
- Rising Operating Costs: Despite implementing a zero-based budgeting process that identified approximately $20 million in annual savings, operating expenses increased by $72 million to $329 million, highlighting challenges in cost control during expansion.
- Net Loss Warning: The company reported a net loss of $155 million for 2025, primarily driven by non-cash, non-recurring items, and while revenue growth is promising, ongoing losses may impact investor confidence and future financing capabilities.
See More
AlTi Global Appoints New CFO Patrick Keenan
- Executive Change: AlTi Global has appointed Patrick Keenan as Chief Financial Officer, effective July 1, 2026, succeeding current CFO Mike Harrington, which is expected to bring a new financial strategic direction to the company.
- Financial Background: Currently serving as Deputy CFO, Keenan has extensive financial management experience, and his appointment is anticipated to help maintain financial stability and optimize resource allocation during the transition period.
- Revenue Performance: AlTi Global reported $73 million in revenue for Q1 2026, demonstrating the company's competitiveness in the market while laying the groundwork for expected cost reductions in the second half of the year.
- Cost Savings Target: The company aims to achieve $20 million in recurring annual gross savings by the end of 2026, intending to enhance overall operational efficiency through strategic review and executive transition.
See More
AlTi Global, Inc. Q1 2026 Earnings Call Insights
- Revenue and Profitability: AlTi Global reported total revenue of $73 million in Q1 2026, exceeding analysts' expectations of $63.8 million, demonstrating resilience in revenue amidst market volatility, while adjusted EBITDA reached $15 million with a margin increase from 13% to 20%, indicating improved profitability.
- Management Expenses and Strategic Review: Despite a year-over-year increase of $18 million in total operating expenses to $84 million, management emphasized that costs remain too high, with strategic review expenses expected to persist into Q2 and possibly Q3, highlighting the urgency of optimizing cost structures.
- Assets Under Management: Assets under management totaled $49 billion at quarter-end, with management noting that market fluctuations could affect reported AUM, underscoring market sensitivity and uncertainty regarding future growth.
- Future Outlook and Strategic Priorities: While no formal revenue or EPS guidance was provided, management anticipates that the benefits of cost control measures will become evident in the second half of the year, indicating a commitment to enhancing profitability and driving organic growth while maintaining unchanged strategic priorities.
See More
AlTi Global Reports Sharp Revenue Increase Amid Leadership Change
- Significant Revenue Growth: AlTi Global's total revenue surged 54% year-over-year to nearly $88.3 million, primarily driven by incentive fees of $31.7 million, showcasing the success of the company's arbitrage operations.
- Management Fee Increase: The company's management and advisory fees rose 14% to $52.7 million, indicating stable growth in its wealth management business, despite the overall strong market performance.
- Narrowed Net Loss: Under GAAP standards, AlTi's net loss narrowed to just over $15 million, compared to a nearly $72 million loss in the same quarter last year, reflecting an improvement in financial health.
- Leadership Transition: The company appointed its global chief investment officer, Nancy Curtin, as interim CEO, replacing founder Michael Tiedmann, marking a significant step in the company's strategic transformation to expand its wealth management platform.
See More
AlTi Global Reports Q4 2025 Results Amid Leadership Change
- Revenue Growth: AlTi Global's Q4 2025 total revenue surged 54% year-over-year to nearly $88.3 million, primarily driven by $31.7 million in incentive fees, which are bonuses earned from exceeding performance benchmarks in its arbitrage operations, indicating strong performance in wealth management.
- Narrowed Net Loss: The company reported a GAAP net loss of just over $15 million, significantly reduced from a nearly $72 million loss in Q4 2024, demonstrating substantial progress in financial management despite still being in the red.
- Leadership Transition: AlTi Global appointed its global chief investment officer, Nancy Curtin, as interim CEO, replacing founder Michael Tiedmann, marking a significant strategic shift as the company aims to build a leading global wealth and investment platform.
- Cautious Market Reaction: Although AlTi's stock rose by 0.6%, it lagged behind the S&P 500's 2.9% gain, reflecting market uncertainty regarding the company's future, particularly in light of the leadership change, prompting investors to exercise caution.
See More
AlTi Global Reports Q4 Results Amid Leadership Change
- Strong Earnings Report: AlTi Global's Q4 2025 revenue surged 54% year-over-year to nearly $88.3 million, primarily driven by $31.7 million in incentive fees, which are bonuses from exceeding performance benchmarks, indicating robust performance in the wealth management sector.
- Narrowed Net Loss: The company reported a GAAP net loss of just over $15 million, a significant improvement from a nearly $72 million loss in Q4 2024, reflecting progress in financial health and operational efficiency.
- Leadership Transition: AlTi appointed Nancy Curtin, the global chief investment officer, as interim CEO, replacing founder Michael Tiedmann, marking a strategic shift as the company aims to build a leading global wealth and investment platform.
- Future Uncertainty: While AlTi is expanding through acquisitions and organic growth, the unexpected departure of its founder introduces uncertainty that may affect investor confidence, leading analysts to adopt a cautious outlook on the stock's future performance.
See More
AlTi Global Reports 29% Revenue Growth in 2025
- Significant Revenue Growth: AlTi Global Inc achieved total revenue of $255 million in 2025, representing a 29% year-over-year increase, indicating sustained competitiveness in the market and likely attracting more investor interest.
- Expanded Assets Under Management: By the end of 2025, the company's assets under management (AUM) reached $50 billion, a 10% increase year-over-year, which not only enhances the company's market position but also lays the groundwork for future revenue growth.
- Rising Operating Costs: Despite implementing a zero-based budgeting process that identified approximately $20 million in annual savings, operating expenses increased by $72 million to $329 million, highlighting challenges in cost control during expansion.
- Net Loss Warning: The company reported a net loss of $155 million for 2025, primarily driven by non-cash, non-recurring items, and while revenue growth is promising, ongoing losses may impact investor confidence and future financing capabilities.
See More
