Cresset Hires Randy Conte as COO of Cresset Asset Management

Conte brings extensive leadership experience in the financial services industry, with previous roles as President of Parkway Bank and Trust, and COO / CFO of MB Financial Bank.

CHICAGO – Aug. 5, 2020 Cresset Asset Management (“Cresset”) announced today that Randall “Randy” Conte has been named Chief Operating Officer (COO). In his role, Conte oversees all client service, technology and operations, information and systems technology, HR, trading, and reporting.

Cresset Asset Management is an SEC registered investment advisor that offers individuals and families access to a comprehensive suite of family office services, deeply personalized wealth management, investment advisory, and goals-based planning. Since its founding three years ago, Cresset has grown to $9.8 billion in assets under management, making it one of the 25 largest RIAs in the nation.[1]

“We are thrilled to welcome Randy to Cresset. He brings extensive operations experience with both large and small financial services organizations and will further bolster the innovative platform we have built and continue to improve,” said Avy Stein, Co-Founder and Co-Chairman of Cresset.

Prior to Cresset, Conte was President of Parkway Bank and Trust and Parkway Bancorp, a $2.7 billion[2] community bank headquartered in Harwood Heights, Illinois, focused on commercial real estate lending. Previous to that role he was Executive Vice President and Chief Operating and Chief Financial Officer of MB Financial Bank, a $20 billion[3] publicly traded commercial bank that was headquartered in Rosemont, Illinois, prior to being acquired by Fifth Third. Conte served as the co-head of all acquisition integration efforts for MB Financial Bank.

“I am honored to join a team as talented and dedicated to client service as Cresset. Cresset’s vision to reinvent the way clients experience wealth was especially attractive to me. I’m very excited to help build upon that vision,” Conte said.

Conte is a Certified Public Accountant (CPA) and earned a Bachelor of Science in Accountancy degree from the University of Illinois, and an MBA from the University of Chicago. He lives in Hinsdale, Illinois, with his wife, Cheryl.

[1] Source: Most recently updated on June 5, 2019, for fee-only advisors –
[2] Source:
[3] Source:

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About Cresset

Cresset is an independent, award-winning multi-family office and private investment firm with more than $40 billion in assets under management (as of 11/01/2023). Cresset serves the unique needs of entrepreneurs, CEO founders, wealth creators, executives, and partners, as well as high-net-worth and multi-generational families. Our goal is to deliver a new paradigm for wealth management, giving you time to pursue what matters to you most.

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