The firm has unveiled a series of changes in leadership roles.

Cresset has made a number of changes to its C-suite team, it announced yesterday. 

Executive managing director Mike Silverman has been named chief investment officer. The present CIO has been appointed chief investment strategist, and the existing chief compliance officer is also taking on the role of chief operating officer, it said in a statement.

“Amy, Mike, and Jack are exceptional leaders with a long and distinguished track record of helping to lead growing financial firms,” Susie Cranston, president of Cresset, said. "These changes reflect Cresset’s growth, and we believe will further position us for long-term success." 

Ablin will focus on analyzing and distilling macroeconomic trends that affect Cresset’s investment strategies. Ablin is one of the founding partners of Cresset and has been with the firm since 2018. He has more than three decades of experience in money management and was formerly the chief investment officer of BMO Harris Bank. 

Silverman joined Cresset in 2024 following Cresset’s acquisition of CH Investment Partners, where he served as co-president and chief investment officer. After finishing a 10-year banking career, Silverman spent more than 30 years working in and adjacent to the Crow Holdings organization.

Hong, who joined Cresset in 2024, has more than 25 years of experience in the investment management industry. She previously served as MD of asset and wealth management at JPMorgan Chase, and prior to that as chief compliance officer and head of operations for the private wealth management business line of First Republic Bank.