Adam Psichos to manage the Philadelphia MFO's office in northern New Jersey. Multifamily office Glenmede Trust has hired former Bessemer Trust principal Adam Psichos to head its office in Morristown, N.J. He reports to Glenmede's executive v.p. Chip Wilson.

"Adam brings extensive investment and wealth advisory experience to this position, and is well-equipped to help high-net-worth families address complex wealth-management needs," says Wilson.

Dual role

Psichos was a team leader and a senior client an account manager at New York-based Bessemer. Prior to that, he managed equity and balanced portfolios for institutional and private clients at New York-based Brundage, Story & Rose (which Bessemer acquired in 2000). Before that he was a New York-based private-client advisor with the U.K. private bank Coutts & Co.

In his new role Psichos will work with clients directly -- mainly in the realms investment counseling and wealth advisory services -- in addition to taking care of day-to-day operations at Glenmede's Morristown office.

Glenmede was founded in 1956 by four of the children of J.N. Pew, founder of Sun Oil (now known as Sunoco), to act as a fiduciary for the Pew Charitable Trusts. Now it supervises more than $20 billion in private and institutional assets. In addition to its headquarters in Philadelphia and the office in Morristown, it has offices in Princeton, N.J., Wilmington, Del., and Beachwood, Ohio. -FWR

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