People Moves

Former Morgan Stanley Senior VP Joins HighTower In US With $225 Million.

Eliane Chavagnon, Editor Americas, 3 February 2015

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HighTower has added to its team in Virginia with a wealth manager who brought over $225 million in client money.

HighTower has appointed Patricia Pick within VWG Wealth Management in Vienna, Virginia, adding $225 million in client assets and boosting VWG total assets under advisement to some $1.2 billion.

Pick has over three decades of experience in wealth management, most recently as senior vice president at Morgan Stanley.

She joins HighTower as a partner and managing director alongside senior private wealth associate Rashmi Chahil, who was previously her colleague at Morgan Stanley.

Meanwhile, last week HighTower announced an increase in the $100 million revolving credit facility obtained last summer to $150 million. The facility now provides HighTower access to up to $150 million in financing from original lenders BMO Harris Bank and PNC Bank, who are now joined by SunTrust Bank.

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