Glenmede Opens NYC Office and Announces Glenn Switzer to Join
October 12, 2009
PHILADELPHIA, October 1, 2009 – Glenmede, a leading investment and wealth management firm based in Philadelphia, today announced it will open a New York City office and has hired Glenn Switzer, a tenured wealth management professional, as a senior member of the New York team. Glenmede’s New York office will serve high-net-worth families, endowments and foundations, and institutional partners across the metropolitan area. Mr. Switzer joins Glenmede from U.S. Trust/Bank of America Private Wealth Management where he led a team of 16 investment professionals and was responsible for client assets in excess of $ 1 billion. He will report to Howard E.N. (Chip) Wilson, Director of Client Services. “We serve a national clientele. The increased interest we are experiencing from investors and industry partners in the New York area signals that this is an opportune time for us to establish an office,” said Al Piscopo, President and Chief Executive Officer of Glenmede. “We are building a team of advisors who share the service philosophy that defines Glenmede, and we are delighted Glenn has joined our effort.” Founded more than 50 years ago, Glenmede was originated to serve as the investment manager and trustee of The Pew Trusts established by children of Joseph N. Pew, founder of Sun Oil. Today, Glenmede remains privately owned and independent, and continues to be singularly focused on investment and wealth management. The company serves nearly 1,700 families and endowments and foundations, and oversees more than $17 billion of assets under management. "Our track-record of growing and protecting assets resonates with investors. We understand the relationship among families and their money is highly personalized," said Gordon Fowler, Chief Investment Officer. "We believe our history, independence and culture of collaboration differentiates Glenmede. Over the last 18 months, we have realized growth from new clients and experienced exceptional client retention rates.”
About Glenn N. Switzer Glenn Switzer will join Glenmede’s New York City office as a First Vice President and Portfolio Manager. Previously, he served as a Managing Director and senior portfolio manager with U.S. Trust/Bank of America Private Wealth Management. In this role, Glenn was responsible for leading a team of 16 investment professionals while maintaining management responsibility for client assets in excess of $1 billion. Before then, he worked as a senior portfolio manager in the private client division of J&W Seligman which was subsequently purchased by U.S. Trust. Earlier, he worked for Concord Capital/Train Smith as a Managing Director and portfolio manager for an international client base. Mr. Switzer joined Deutsche Bank Capital in 1972 as an international securities analyst. About Glenmede Glenmede is among the nation’s leading investment and wealth management firms, with more than $17 billion in assets under management for high net worth families and institutional clients. Headquartered in Philadelphia, the firm has offices in Delaware, Ohio and New Jersey. For additional information, please visit us at: www.glenmede.com.