Karl Heckenberg ends phenomenal five-year run of reining in Mark Hurley, forming Emigrant Partners -- and selling high on long-held RIA stakes -- as bank boss hired gun
Howard Milstein bet on the then-43-year-old to buy back Fiduciary Network for Emigrant Bank, replace a team and find success; now Emigrant Partners must replace its main man at 48
Author Brooke Southall April 12, 2023 at 7:27 PM
Keith Girard contributed to the editing of this article.
KSwiss
April 13, 2023 — 6:20 AM
Karl arrived on the scene and established credibility and breakthrough success in short order. He’s savvy and well connected, not like most of us don’t bump into guys like Millstein and Co. at our neighborhood Starbucks. Expect great things for what’s next
Related Moves
Karl Heckenberg files with SEC to raise a staggering $1 billion, (presumably) to buy, buy, buy RIA stakes in a 'crowded' market
The former CEO and president of Emigrant Partners has launched the Constellation Wealth Capital Fund with a ten-figure funding target.
August 18, 2023 at 3:56 AM
Emigrant Bank 'doubles down' to send Mark Hurley packing and fire up Fiduciary Network, its RIA deal machine
The billionaire-owned New York bank eschewed the quick buck of a top-of-market sale to bet Karl Heckenberg can make Fiduciary Network function even better as its new CEO
