The peer network for wealthy investors has opened another group in the San Francisco Bay Area.

TIGER 21, the North American peer network of wealthy investors, has appointed investor and advisor Pete Wilson as chair of its third San Francisco Bay Area group.

Wilson focuses on investing in and advising small businesses in the Bay Area, and has previously worked at BARRA, Montgomery Asset Management, BGI and BlackRock.

“The Bay Area has long been heralded as an incubator of innovation and talent, and we have expanded our presence there to accommodate the demand for this program. People in San Francisco want to network, discuss wealth preservation, and learn from their peers,” said Barbara Goodstein, president and chief executive of TIGER 21.  

Meanwhile, last week, the organisation expanded into North California with a new Group in Charlotte. Chris Cecil, president of Biltmore Family Office, was named as chair of the new group.

TIGER 21 stands for The Investment Group for Enhanced Results in the 21st Century and is headquartered in New York City. Members are typically entrepreneurs, chief executives, inventors and other senior executives with backgrounds in financial services, real estate, industrial and consumer goods, legal services, entertainment and medicine.

The groups meet monthly to share investment ideas and experiences on a range of wealth-related issues.