Former Goldman Sachs, GAM Executives Start New Company
Three former Goldman Sachs & Co. and Global Asset Management senior executives have formed a new high-net-worth investment advisory firm in New York City, called BBR Partners. The firm provides investment services to high-net-worth families.
In business less than a month, BBR Partners is already responsible for approximately $400 million in assets. BBR acts as a family’s chief financial officer: investing in public and private partnerships; advising on complex financial circumstances such as low-basis, restricted or illiquid stock; incorporating and supervising existing advisors; and providing consolidated account services.
Partners Brett Barth, Arthur Black and Evan Roth were all former executives at Goldman Sachs and graduates of the University of Pennsylvania Wharton School of Business. Before starting BBR Partners, Barth was a vice president in Goldman Sachs’ Equities Division, having worked in Investment Banking and Equity Capital Markets for the last seven years. Black was in Goldman Sachs’ Investment Management division where he and his partners oversaw client assets of $10 billion. Roth was the director of private accounts at Global Asset Management. Before joining GAM to lead its U.S. high-net-worth effort, he was the national liaison between Goldman Sachs’ Asset Management and Private Client Services divisions. Also on the BBR Partners board are Mary Lehman MacLachlan, former head of Bankers Trust’s Domestic Private Bank and of US Trust’s Financial Counseling division, and Steven Ratoff, current Chief Financial Officer of Brown-Forman and the former Chief Financial Officer of the Pharmaceutical Group of Bristol-Myers Squibb.