Highmount Capital, a wealth management firm with $2.3 billion in assets under management, has updated its leadership structure.

Highmount Capital, a wealth management firm with $2.3 billion in assets under management, has updated its leadership structure.

Steven Hoch and Maarten van Hengel, founding partners of the firm, have assumed the additional responsibilities of chief executive and chief investment officer respectively. Founding partners Berk Nowak and Brian Walsh round out the leadership team.

Kevin Bannon, who served as CIO for five years, remains a vital member of the Highmount team, the firm said. As a managing director, his focus has shifted toward the research and management of Highmount's private equity interests. He continues as a member of the investment team, participating in discussions regarding the firm's investment approach and asset allocation structure.

Prior to Highmount, Hoch was a member of the executive committee at Pell Rudman Trust Company (now Atlantic Trust), and held senior positions at Bessemer Trust and Chemical Bank in New York and Zurich. Van Hengel was a managing director at Trainer Wortham & Company, where he established the family wealth management team. He also held other senior roles at Bankers Trust Private Bank and Swiss Bank Corporation. Together they founded Highmount Capital in 2002. 

Highmount has offices in New York and Boston, MA, as well as European branches.