Cresset Expands Leadership Team with New Executive Appointments in Investment Strategy

Cresset's Leadership Transformation: Growth and Strategic Vision

Cresset, a prominent multi-family office based in Chicago, recently made significant updates to its executive leadership team, underscoring its ongoing growth and commitment to provide innovative investment solutions. With a vision to enhance client experience and investment strategies, the firm has announced three key appointments: Mike Silverman as Chief Investment Officer (CIO), Jack Ablin as Chief Investment Strategist, and Amy Hong as Chief Operating Officer (COO).

Elevated Leadership Roles

These changes were announced on July 29, 2025, as a reflection of Cresset’s expanding influence in the financial sector. Mike Silverman, who has played a vital role as the Executive Managing Director, steps into the role of CIO after an impressive track record in investment management. He brings considerable expertise from his previous position as Co-President and CIO at CH Investment Partners, an organization absorbed by Cresset in 2024. His deep understanding of both public and private investment markets is expected to significantly enhance Cresset’s offerings.

Jack Ablin, one of the founding partners of Cresset, has been promoted to Chief Investment Strategist after serving as CIO. In this new capacity, Ablin will focus on the analysis of macroeconomic trends that inform Cresset’s investment strategies. With over thirty years of experience in money management, his insights are invaluable for clients looking to navigate the complex financial landscape. Ablin expressed enthusiasm about his new role, stating, "Working closely with Mike and the Cresset team, I am committed to further enhancing our reputation as a leader in the multi-family office sector."

Amy Hong, previously the Chief Compliance Officer, has expanded her scope to become the COO. With 25 years of experience in investment management, including her tenure at JPMorgan Chase, she is well-positioned to steer Cresset’s operational strategies. Hong expressed her excitement at the prospect, stating, "I look forward to working with the team to redefine how our clients experience wealth management."

Cresset's Vision and Future

Cresset is driven by a unique mission: to transform the wealth management experience into one that is personalized, intentional, and aligned with clients' visions of success. The firm's leadership emphasizes a client-first approach, ensuring that both investment opportunities and outcomes are tailored to meet individual needs.

The appointments of Silverman, Ablin, and Hong signal a strategic initiative to solidify Cresset's position as a top-tier multi-family office. With a focus on innovation and excellence in investment strategies, the firm is not just expanding its leadership; it is also enhancing its capability to service clients in an ever-evolving financial landscape.

Cresset’s commitment to creating a lasting impact in the industry has not gone unnoticed. The firm has received notable recognitions from Barron's and Forbes as one of the nation’s leading Registered Investment Advisor (RIA) firms, reflecting its success in curating exceptional investment experiences for clients.

With over a century-long vision in place, Cresset aims to build an organization characterized by enduring client relationships, shared successes, and a belief that wealth should contribute to a life well-lived. The recent leadership changes are a strategic affirmation of this goal, ensuring that clients receive a sophisticated and personalized approach in managing their wealth.

As the investment landscape continues to change, Cresset’s proactive steps in reshaping its leadership not only highlight its growth trajectory but also reinforce its commitment to providing top-tier services, driven by a team of dedicated and experienced professionals.