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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
Admin:
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Karl Heckenberg: It was surprise to them, and if I'm doing my job it should be a surprise.
Keith Girard contributed to the editing of this article.

KSwiss

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

November 22, 2018 at 12:07 AM


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