#USA #New York #Private Wealth Management #ABS Global Investments #Steve DiMaio

ABS Global Investments Expands Leadership in Wealth Management

In an important development for the financial services sector, ABS Global Investments—a prominent investment management firm with assets totaling $8.8 billion as of June 30, 2025—has appointed Steve DiMaio as the new Head of Private Wealth Management. This strategic hire is part of ABS's ongoing efforts to deepen its engagement with Registered Investment Advisors (RIAs) and high-net-worth (HNW) investors in light of its plans to expand its offerings in late-stage private market opportunities.

Steve DiMaio arrives at ABS with a wealth of experience, having dedicated over 30 years to strategic distribution in the financial services arena. He comes from Brookfield Oaktree Wealth Solutions where he notably developed the RIA distribution group for the private wealth space. His experience is anticipated to be pivotal as ABS seeks to enhance its institutional and private wealth access, transforming how investors engage with both public and private market opportunities.

Laurence Russian, the Founder and Managing Director of ABS Global Investments, expressed his enthusiasm about DiMaio’s appointment, stating, "Expanding into private wealth is a natural extension of our platform. We're uniquely positioned to deliver institutional-caliber private market access to RIAs and HNW clients, thanks to our global network of external sourcing partners."

The firm has a distinctive model to source and invest in global equity strategies and emerging markets, a facet that is now expected to be even more robust with DiMaio at the helm of Private Wealth Management. He emphasized the unique deal flow that ABS offers as a significant opportunity for both advisors and their clients. DiMaio articulated his excitement about joining ABS during this transformative phase, highlighting the firm’s commitment to integrity, research, and a long-term investment mindset.

Jon Feinberg, Managing Director, backed this sentiment, suggesting that DiMaio's entrepreneurial mindset and profound understanding of private wealth management will greatly benefit ABS as it aims to forge deep-rooted partnerships within the RIA and private wealth sectors.

The timing of DiMaio’s appointment aligns with the enhanced focus by ABS on its suite of Emerging Markets capabilities and diverse private markets strategies. As the investment landscape evolves, the need for tailored solutions to meet the demands of private wealth investors becomes increasingly critical. ABS aims to fulfill this need with a comprehensive array of offerings designed to align with investor objectives and market conditions.

ABS Global Investments specializes in creating alpha opportunities through a diversified approach across various global equity strategies. With offices not only in Stamford, CT, but also Hong Kong and Zurich, ABS is recognized for identifying unique investment managers early in their market cycles. This is facilitated by their proprietary system, The ABSolute, ensuring systematic research, rigorous due diligence, and effective risk management processes. As a majority employee-owned firm, the company prides itself on fostering a culture grounded in accountability and engagement, which drives its initiative to focus on niche global equity strategies.

DiMaio's onboarding is indeed a game-changer for ABS as it looks to enhance relationships with key partners and investors. As the wealth management field continues to evolve rapidly, having leaders like Steve DiMaio is essential for firms that want to stay ahead in delivering exceptional service and innovative solutions to their clients. For more information about ABS Global Investments and its offerings, please visit their website at www.absinv.com.