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Lebenthal Announces Management Changes -- Barbara Yastine Named Co-CEO of Holding Company; Alexandra Lebenthal Named Co-CEO of Holding Company
  • USA - English


News provided by

I-Impact Group, Inc.

Sep 21, 2015, 10:30 ET

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These management changes are a significant event in the development of Lebenthal.

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NEW YORK, NY (PRWEB) September 21, 2015 -- Lebenthal Holdings, LLC (“Lebenthal” or “the company”), announced today that industry veteran Barbara Yastine has joined the company, where she will be Co-CEO with Alexandra Lebenthal, who was formerly CEO. Ms. Lebenthal was also named CEO of Lebenthal Wealth Advisors, the company’s wealth management unit, and will continue as CEO of Lebenthal & Co., the company’s broker-dealer. James B. Lebenthal will continue as CEO of Lebenthal Asset Management, the company’s asset management division, and as Chief Investment Officer of Lebenthal. At the same time, Lebenthal announced that Frank Campanale was stepping down as CEO of Lebenthal Wealth Advisors to pursue other opportunities. Andrew J. Grillo will continue in his role as President and COO of Lebenthal Wealth Advisors, reporting to Ms. Lebenthal.

“These management changes are a significant event in the development of Lebenthal,” said Jeffrey B. Lane, Chairman of Lebenthal. “I’ve known and worked with Barbara for over 25 years, and her experience running complex financial services organizations, her leadership skills and her ability to maintain strategic vision while managing operational issues will serve us well going forward. At the same time, Alex is the heart and soul of the Lebenthal brand, and now she will be bringing her energy and brilliance more closely to bear at Lebenthal Wealth Advisors. We have made tremendous progress in the growth of Lebenthal, and I have never been more excited by the opportunities before us.”

Mr. Lane added, “I want to thank Frank Campanale for his service to the firm and for the role he has played in creating and building Lebenthal Wealth Advisors to this point, and to wish him well as he moves on to the next step in his life’s journey.”

Barbara Yastine is a seasoned financial services leader. Prior to joining Lebenthal, she was Chair, CEO and President of Ally Bank, the $100 billion bank subsidiary of Ally Financial. She joined Ally in 2010 as CAO. She began her career in financial services with Primerica Corp., which evolved into today’s Citigroup, where her varied roles included CFO of Consumer Finance, CAO of the Global Consumer Group, and CFO of the Global Corporate & Investment Bank. She also served as CFO of Credit Suisse First Boston from 2002 to 2004.

Ms. Yastine said, “I am thrilled to be joining Lebenthal, a firm that combines the tradition of a 90-year old financial institution with the excitement of a growth company. Jeff, Alex, and Jimmy are building a robust platform that focuses on three main businesses—asset management, wealth management and capital markets. As the financial services marketplace continues to evolve since the financial crisis, with challenges to legacy business models, increased regulatory scrutiny, and greater demands for customer satisfaction, Lebenthal is well-positioned to be a differentiated and profitable boutique. I look forward to joining this leadership team and pushing the company forward.”

Ms. Lebenthal said, “My passion for serving clients is something I inherited from my grandmother and my dad, and I am excited to bring this passion to help grow our existing wealth management business and to continue to attract talented, customer-focused financial advisors to our unique culture and brand. Barbara will be a tremendous partner for our senior management team, and Jeff, Jimmy and I are thrilled to have her on board.”

About Lebenthal
Lebenthal Holdings, LLC, is the venerable New York-based firm that provides a broad range of wealth management, asset management and capital markets products and services through its subsidiaries and affiliated companies. Lebenthal Asset Management (an SEC-registered Investment Advisor) manages domestic and global equity portfolios and taxable and tax-free fixed income portfolios. Lebenthal Wealth Advisors (an SEC-Registered Investment Advisor) offers wealth advisory services and products for high net worth individuals and institutions. Lebenthal & Co. (Member FINRA/SIPC) is a leading woman-owned broker-dealer that conducts underwriting and capital markets activities. Further information about Lebenthal can be found at http://www.lebenthal.com.

Claudio Pannunzio, I-Impact Group, Inc., http://www.i-impactgroup.com, (203) 532-5881, [email protected]

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