People Moves
Cresset Names Family Office Services Co-Head

The new appointee joins a firm that has seen a number of prominent moves and departures in recent weeks.
Cresset Asset
Management, the wealth management firm that has seen some
high-level arrivals and departures in recent sweeks, this week
announced that Barbara Young, senior managing director, has been
appointed as co-head of family office services, serving alongside
Bill Rudnick, senior partner, general counsel and head of Family
Office Services.
Young was previously chief executive, chief investment officer,
and founding principal of Cypress Wealth
Advisors, which Cresset bought in the spring of 2019. Prior
to that, she was the founding president and chief executive of
Springcreek Corporation, a wealth advisory firm that provided
full family office services to high net worth families.
“Barbara is a veteran private investor and trusted advisor who is
highly involved across the broader family office and wealth
management community. She is the ideal choice to help lead Family
Office Services into the future,” Avy Stein, co-founder and
co-chairman of Cresset, said.
Among other details about Young, Cresset pointed out that she is
active within TIGER 21, the network organization for wealth
owners, and has served on the advisory boards of several venture,
private equity, and real estate funds.
Cresset’s Family Office Services group has more than 20
professionals. Cresset’s purchase in June of PagnatoKarp –
interviewed
here – added concierge services, lifestyle management, and
cybersecurity, to its roster of offerings.
There have been a number of senior moves at Cresset. Michael
Cole, CEO of Cresset Asset Management, recently left the
business after a stint of two years. Tiedemann Advisors, the US
wealth management firm, appointed former Cresset Capital senior
managing director Jill Shipley
as head of family governance and education.
Cresset, formed five years ago, oversees $9.8 billion in assets
under management.