Rich DeMartini

RICHARD M. DEMARTINI

Co-Executive Chairman

  • Former Partner at Crestview Partners

  • Served as President of the Bank of America Wealth and Asset Management Group

  • Served Co-President of Asset Management at Morgan Stanley

  • Served as President of Asset and Wealth Management at Dean Witter  

  • Served as Chairman of Discover Card Services

  • Served as Chairman of the Board of The Nasdaq Stock Market Inc.

  • Currently Chairman and a Trustee of the Whitney Museum of American Art

Our Co-Executive Chairman, Richard M. DeMartini, has significant experience in financial services executive leadership, corporate strategy, M&A, capital markets and asset/wealth management. His career at Dean Witter, Discover & Co., a securities, asset management and credit card company (“Dean Witter”), and Morgan Stanley, a multinational investment bank and financial services company, spanned 27 years, until his retirement in 2001. His senior leadership experience includes serving as Co-President of Dean Witter. He oversaw significant growth of Dean Witter’s financial advisor network to become one of the country’s largest. During his career, Mr. DeMartini had responsibility for wealth management, asset management, investment banking and other investment divisions including insurance, and served as Chairman of Discover Card Services. Mr. DeMartini was a Member of the Executive Management Committee during Dean Witter’s successful initial public offering (“IPO”) and the subsequent merger with Morgan Stanley. At Morgan Stanley, Mr. DeMartini served on the Executive Committee and was responsible for the Dean Witter, Morgan Stanley and Van Kampen mutual fund businesses. He also served as Chairman and Chief Executive Officer of Morgan Stanley International Private Client Group. Mr. DeMartini joined Bank of America in 2001, and served as President of the Bank of America Asset Management Group. He was also a member of Bank of America’s Executive Management Committee.

Mr. DeMartini joined Crestview Partners, L.P., a value oriented private equity firm focused on the middle market ("Crestview"), in 2005 as a Partner and member of the Investment Committee. Mr. DeMartini built the financial services franchise at Crestview and was responsible for leading many successful investments, including Munder Capital Management, Capital Bank, Fidelis Insurance Holdings and Victory Capital. Capital Bank raised funds to buy failing banks and successfully acquired eight banks, ultimately selling to First Horizon Corporation for a sizeable profit. Victory Capital Holdings, Inc. (Nasdaq: VCTR) (“Victory Capital”) has experienced significant growth and transformed from a modest size company to a fully-scaled asset manager, completing a successful IPO on The Nasdaq Stock Market Inc. Mr. DeMartini stepped down as a Partner of Crestview and was appointed as a Vice Chairman of Crestview in January 2021, and currently serves on the boards of the following Crestview portfolio companies: Victory Capital – Chairman of the Nominating and Governance Committee, Fidelis Insurance Holdings and Protect My Car.

Mr. DeMartini is a founding strategic investor and board member of Partners Capital, a high growth outsourced chief investment officer business that serves high-net-worth clients and endowments. Partners Capital has increased AUM and profitability significantly during Mr. DeMartini’s involvement.  Mr. DeMartini was a founding strategic investor in 55ip, an industry leading financial technology company that provides tax-smart investment strategies.  55ip recently announced the completion of its sale to JPMorgan.  Mr. DeMartini is Chairman and a Trustee of the Whitney Museum of American Art. His prior board service includes Chairman of the Board of The Nasdaq Stock Market Inc. and Vice Chairman of the National Association of Securities Dealers. He is a former Non-Executive Chairman and Director of Martin Currie Investment Management, a former director of Munder Capital Management, and a former director of The United States Equestrian Foundation. Mr. DeMartini received a B.A. from San Diego State University, which he attended on a tennis scholarship.