Cambridge Associates adds to Private Client Practice
Global investment firm Cambridge Associates (CA) has added Charles B Grace III to its private client practice, who will serve as Managing Director of Family Enterprise Solutions.
He will be based in New York and report to Mary Pang, the Head of the Global Private Client Practice.
Family Enterprise Solutions is a dedicated team within Cambridge Associates’ private client practice which is devoted to supporting wealthy families in establishing family office strategy, goals, structure, governance and other considerations of importance. Grace will partner with investment teams and clients to develop the structural building blocks needed to best complement each family’s unique goals and long-term investment program with CA.
“I’ve had the pleasure of engaging with CA throughout my career and have long admired the firm’s talent and strong commitment to the family office space,” says Grace. “I’m excited to be part of such an exceptional team, and I look forward to helping CA’s world-class clients prepare for generational wealth transfers, establish governance processes, and educate family members on how to preserve and grow their wealth.”
Grace has been active for 20 years in the family office community advising ultra-wealthy families and serving as a resource to multigenerational families and family offices. He joins CA from the Family Office Exchange (FOX). Prior to FOX, he spent almost 10 years working inside $1 billion multi-family and single-family offices.
“We’re delighted to welcome Charlie to the firm. His expertise, hands-on experience and thought leadership will be instrumental in helping our investment teams across the US, Europe and Asia to solve the distinct challenges of managing private wealth,” says Pang.
Nearly 40 years ago, Cambridge Associates began applying its endowment model to the intricacies of private wealth. Today, the firm serves 230+ wealthy individuals and families, working to help each realise their investment goals and fulfil their legacies.