Cresset Promotes President Susie Cranston to CEO Diana Britton Tue, March 10, 2026 at 10:36 PM GMT+8 2 min read In this article: - JPM -0.42%
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Cresset, a multi-family office and wealth manager with over $235 billion in assets under management and advisement, has promoted Susie Cranston, current president of the firm, to CEO, effective April 15. Co-founders Avy Stein and Eric Becker will step down as co-CEOs but remain active as executive co-chairs of the firm. Cranston will join the firm’s board of directors.
Cresset said the change was a “natural and intentional evolution of Cresset’s leadership structure,” that it better aligned responsibilities with title, and that it was part of a long-term succession plan.
Cranston was hired in 2024 as president and chief operating officer from J.P. Morgan Chase, where she served as managing director, chief operating officer, and head of integration. She joined J.P. Morgan through the company’s acquisition of First Republic Bank, where she built the bank’s private wealth management business from $30 billion to $275 billion as COO.
“When Eric and I founded Cresset, our goal was to build a firm designed to serve families with care, alignment and integrity for generations,” Stein said in a statement. “Susie embodies those principles and leads with clarity, sound judgment and deep respect for the trust families place in our firm. Formalizing her role as CEO reflects the leadership she has already been demonstrating and positions Cresset well for the future.”
Cresset was founded by Becker and Stein in 2017, who brought private equity experience to its investing capabilities for clients. Last February, it spun off its private markets investing business into its own entity, Peakline Partners.
Cresset is majority-owned by its employees, with a smaller stake held by clients. In 2024, the RIA sold a minority stake to Constellation Wealth Capital, a private equity company founded in 2023 by former Emigrant Partners CEO Karl Heckenberg to invest in RIAs. Constellation invested $150 million for less than 10% of Cresset’s equity.
The RIA shuffled its C-Suite leadership last July. That included elevating Mike Silverman, currently executive managing director, to chief investment officer, a role formerly held by founding partner Jack Ablin. Also, Amy Hong added the role of chief operating officer to her position as head of compliance.
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