Cresset, a US multi-family office with $237 billion in assets under management and administration, makes a senior appointment from within its own ranks.

Cresset has announced that Susie Cranston (pictured), currently president of the firm, will assume the role of chief executive officer, effective April 15, 2026. She will also join Cresset’s board of directors. 

Co-founders Avy Stein and Eric Becker will continue as executive co-chairmen, the firm said in a statement yesterday. 

Cranston, who has served as president of Cresset since April 2024, has been leading the firm’s day-to-day operations in partnership with Stein, Becker, and the executive leadership team. The firm said her appointment reflects an evolution of Cresset’s leadership structure. 

Prior to joining Cresset, Cranston built a career advising clients through complexity and leading institutions with care and discipline. Her background includes senior leadership roles at First Republic Bank and JP Morgan Chase, as well as experience at McKinsey & Company.

“When Eric and I founded Cresset, our goal was to build a firm designed to serve families with care, alignment, and integrity for generations,” Stein said. “Susie embodies those principles and leads with clarity, sound judgment, and deep respect for the trust families place in our firm. Formalizing her role as CEO reflects the leadership she has already been demonstrating and positions Cresset well for the future.”

“Susie has played a central role in strengthening Cresset’s culture, supporting our advisors, and reinforcing a client-first approach across the firm. She brings both discipline and empathy to her leadership, and we are confident in the path forward with her as CEO,” Becker added.

There have been high-level changes in recent years. Lisa Nesvold, who became Cresset president in 2023, left and re-surfaced as chair of Emigrant Partners in February 2024. The firm made several C-suite changes in July 2025. FWR spoke to Eric Becker in October last year.

Cresset operates in more than 20 locations, including Atlanta, Chicago, Dallas, Denver, Greenwich, Houston, Los Angeles, Menlo Park, Minneapolis, Nashville, New York City, Phoenix, San Francisco, Santa Barbara, Sioux Falls, Tulsa, Washington and West Palm Beach.