Family Office

Lydian Wealth builds out investment oversight team

FWR Staff 26 June 2006

Lydian Wealth builds out investment oversight team

Multi-family office follows Togher’s hire with those of Allenby and Trosh. Lydian Wealth Management has made two more additions to its team, bringing in Peter Allenby and Dan Trosch to buttress its alternative and equity investments divisions.

Three in all

Rockville, Md.-based Lydian named former Oppenheimer & Company portfolio manager Stephan Togher director of alternative investments back in April.

Allenby, another former Oppenheimer & Company staffer, will serve as Togher’s deputy. Prior to Oppenheimer, Allenby was a director at CIBC World Markets, where he was the product manager for CIBC’s discretionary wrap program.

Equity researcher Trosch, formerly with West Financial Services, will work with associate director Steve Snyder to oversee all aspects of Lydian’s long-only equity investments, including manager searches, due diligence, asset allocation, and risk management.

Lydian Wealth Management, a subsidiary of Palm Beach, Fla.-based holding company Lydian Trust, has about $11 billion in assets under management or administration. In addition to suburban Washington, D.C., and Philadelphia, Lydian Wealth Management has offices in New York, Palm Beach, Seattle, Atlanta and Portland, Ore. –FWR

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