Lebenthal Asset Management Expands Business Development Team August Wolf to Focus on Asset Management Opportunities

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Addition Continues Execution of Growth Strategy of Lebenthal

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We have a dynamic group of portfolio managers at Lebenthal Asset Management, and I believe Augie will be a forceful driver of business for our team.”

Lebenthal Asset Management (“LAM”), the asset management division of Lebenthal Holdings, LLC, announced today that August Wolf has joined the company, where he will have a broad portfolio of responsibilities focusing on business development and asset management marketing. Mr. Wolf, who has over twenty years of experience in a range of senior positions in institutional fixed income, will report to James B. Lebenthal, CEO of LAM.

“I am pleased that Augie Wolf has joined Lebenthal,” said Mr. Lebenthal. “His career experience has provided him with a deep familiarity with taxable fixed income markets, a broad perspective on capital markets and relevant skills in investment management strategies and practices. We have a dynamic group of portfolio managers at Lebenthal Asset Management, and I believe Augie will be a forceful driver of business for our team.”

In his career, Mr. Wolf has worked in a variety of capacities in fixed income business management, institutional sales and trading and asset management marketing, at firms including Mitsubishi UFJ, Deutsche Bank, PaineWebber, Lazard and BNP Paribas. His clients included major mutual funds, insurers, hedge funds and pension funds. Most recently he worked at Credit Suisse Private Banking. Mr. Wolf is a two-time national champion and Ivy League outdoor record holder in the shot-put and competed for the United States in the 1984 Olympics. An honors graduate from the Woodrow Wilson School of Public Affairs at Princeton University, Mr. Wolf is the founder of U.S. Athletic Trust, a sports Non-governmental organization supporting local and Olympic athletes, and a trustee of the United States Olympic and Paralympic Foundation.

Mr. Wolf said, “I’m thrilled to be joining Lebenthal at this exciting time in their long corporate history. Their comprehensive blend of capabilities in institutional asset management, wealth management and capital markets, combined with their well-respected brand legacy and outstanding leadership, has them well-positioned to be a powerful independent force in the financial services industry. I’m looking forward to playing a part in the firm’s growth.”

About Lebenthal Asset Management
Lebenthal Asset Management is the asset management division of Lebenthal Holdings, LLC, the venerable New York-based firm that provides through its subsidiaries and affiliated companies a broad range of wealth management, asset management and capital markets products and services to institutional and retail clients. Lebenthal Asset Management manages taxable and tax-free municipal bond portfolios, equity portfolios and international equity portfolios for high net worth individuals, institutions and non-profit organizations. The Heckman Global Group division of Lebenthal Asset Management is the research unit of Lebenthal Asset Management. Further information about Lebenthal Asset Management can be found at http://www.lebenthal.com

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Claudio Pannunzio
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