Max Skjönsberg
Reporter
10 July 2012
Daily News Analysis
Glenmede, the privately-held investment and wealth management firm, has taken on Lawrence Hatch as the new director of the firm’s Cleveland, OH, office.
The office’s former director, Frank Harding, will focus solely on clients in a senior advisory role.
Hatch joins from the Private Trust Company, where he worked as president, secretary and chief fiduciary officer. In that function, he oversaw the firm’s operations, trust and tax accounting, regulatory compliance and finances, and was directly responsible for the management of all client service, trust administration and investment monitoring. He was also the firm's in-house legal counsel.
In his new job, he will oversee wealth advisory services for high net worth individuals and manage the day-to-day operations of Glenmede's Ohio office. He will lead a team of 20 people and supervise the office’s 184 relationships.
Glenmede manages $20 billion of assets for high net worth individuals, families, family offices, endowment, foundation and institutional clients. Apart from Ohio and its headquarters in Philadelphia, the firm has offices in Delaware, New Jersey and New York.
Back in April, the wealth manager bolstered its New Jersey office with the appointment of Michael Schiff and Richard Giarrusso as business development manager and senior portfolio manager respectively.
