DENVER, Dec. 12, 2018 — Cresset has named Faraj Elmagbari as Partner and Managing Director of Global Sales. He will be responsible for global business development efforts by identifying key relationships with ultra-high-net-worth individuals and families, and mid-size to large privately held businesses.
Elmagbari has more than 20 years of experience in team management, portfolio management, and business development. He most recently served as Senior Vice President of Global Banking for Bank of America Merrill Lynch. In that role, Faraj was responsible for managing and growing a portfolio of middle market clients and helping serve their complex financial needs. Prior to that, he spent 16 years with Wells Fargo in a similar capacity.
“As a proven performer with success in local, regional, national, and international markets, Faraj is a fantastic addition to the Cresset team,” said Kevin Long, Partner and Senior Managing Director at Cresset. “He is deeply strategic, collaborative and has a hands-on style that will serve the Cresset team and our clients well. He is a team player through and through.”
Elmagbari earned a bachelor’s degree in Social Science from the University of Northern Colorado. He lives in Denver with his wife and three children.
Private equity entrepreneurs Eric Becker and Avy Stein founded Cresset with a vision to reinvent wealth management and with a firm belief that clients deserve better. Cresset offers individuals and families access to a comprehensive suite of family office services, deeply personalized wealth management, investment advisory, planning and other services through Cresset Asset Management, an SEC registered Investment Advisor, which in 2018 surpassed $3 billion in assets under management. Cresset Partners, our private investing group, offers clients direct access to real estate, private equity and other investment opportunities. Alongside Diversified Real Estate Capital, which was founded and is led by Larry Levy, Cresset Partners launched the Cresset-Diversified QOZ Fund, which will invest in Qualified Opportunity Zones across the United States with the goal of creating positive and measurable social impact and the potential for risk-adjusted, tax-advantaged returns.* Since Cresset’s inception in 2017, the firm has recruited over 70 team members across six offices.
*The contents hereof are not to be used as the basis for making any investment decision and are not a recommendation of, or solicitation for, the subscription, purchase or sale of any security, including the fund mentioned herein.