Glenmede, a Philadelphia wealth management firm, announced Monday it hired Susan P. Mucciarone as a senior vice president and director of wealth services.
She will also be a member of the company's management committee.
The hiring is part of Glenmede’s initiative to expand its wealth advisory platform. The firm has added about $3 billion to its assets under management since the end of 2008, for a total of $19 billion. Its New York office, which opened in February, has been "a significant contributor" to the growth, according to Glenmede's president and chief executive, Gordon Fowler.
In addition to Mucciarone, Glenmede has recently hired Steven J. Brandfield, as managing director of business development, Lee P. Miller, as a senior wealth advisor, Jason D. Pride, as director of investment strategy and Glenn N. Switzer, as a senior portfolio manager.
Glenmede , which has six locations, has been gradually adding personnel in recent months, but there are no plans to open more offices, Fowler said. Glenmede remains wary of fast expansion that might compromise its level of client service, he said.
Mucciarone will work from the company's Philadelphia office, reporting to Chip Wilson, an executive vice president and director of client services. She replaced Warren Reintzel, who will retire at the end of the year.
Mucciarone will oversee the wealth management services for high-net-worth, ultra-high-net-worth and family office clientele. She was the executive vice president and senior managing director of Wells Fargo's east coast family wealth business. Before that, she was the managing director of the Calibre family office, a former unit of Wachovia.