StepStone Group Appoints David Park as Chief Financial Officer, Following Retirement of Johnny Randel
07 11월 2023 - 6:06AM
StepStone Group Inc. (Nasdaq: STEP), a global private markets
investment firm focused on providing customized investment
solutions and advisory and data services, today announced that
David Y. Park has been appointed Chief Financial Officer (CFO),
effective January 1, 2024. Mr. Park will be succeeding Johnny
Randel, who has served as CFO since 2010, and is retiring at the
end of the calendar year.
“I would like to thank Johnny for more than a
decade of leadership, dedication, and strategic vision to
StepStone,” said Monte Brem, StepStone’s Chairperson of the Board.
“Johnny has helped lead StepStone for nearly 14 years. He steered
the company through an evolution that broadened our reach across
the globe, expanded our solutions into all major private market
asset classes, and transformed StepStone into a public company. He
has constructed a world-class finance function and built a deep and
talented team. We congratulate Johnny on a tremendous career and
wish him all the best in retirement.”
“We are thrilled to announce that David Park,
our current Chief Accounting Officer, will become CFO in the new
year,” added Scott Hart, StepStone’s Chief Executive Officer.
“David joined StepStone in 2019 after an already accomplished
25-year career in public accounting and senior-level roles in both
public and private companies, including alternative asset
management. Together with Johnny, David helped guide StepStone
through our initial public offering in September 2020, and is a key
leader of our finance team. We look forward to David helping lead
StepStone through our continued growth.”
About StepStone
StepStone Group Inc. (Nasdaq: STEP) is a global
private markets investment firm focused on providing customized
investment solutions and advisory, data and administrative services
to its clients. As of September 30, 2023, StepStone was responsible
for approximately $659 billion of total capital, including $146
billion of assets under management. StepStone's clients include
some of the world's largest public and private defined benefit and
defined contribution pension funds, sovereign wealth funds and
insurance companies, as well as prominent endowments, foundations,
family offices and private wealth clients, which include
high-net-worth and mass affluent individuals. StepStone partners
with its clients to develop and build private markets portfolios
designed to meet their specific objectives across the private
equity, infrastructure, private debt and real estate asset
classes.
Forward-Looking Statements
Some of the statements in this release may
constitute “forward-looking statements” within the meaning of
Section 27A of the Securities Act of 1933, Section 21E of the
Securities Exchange Act of 1934 and the Private Securities
Litigation Reform Act of 1995. All statements other than statements
of historical fact are forward-looking. Words such as “anticipate,”
“believe,” “continue,” “estimate,” “expect,” “future,” “intend,”
“may,” “plan” and “will” and similar expressions identify
forward-looking statements. Forward-looking statements reflect
management’s current plans, estimates and expectations and are
inherently uncertain. The inclusion of any forward-looking
information in this release should not be regarded as a
representation that the future plans, estimates or expectations
contemplated will be achieved. Forward-looking statements are
subject to various risks, uncertainties and assumptions. Important
factors that could cause actual results to differ materially from
those in forward-looking statements include, but are not limited
to, global and domestic market and business conditions, successful
execution of business and growth strategies and regulatory factors
relevant to our business, recruiting and retaining personnel, as
well as assumptions relating to our operations, financial results,
financial condition, business prospects, growth strategy and
liquidity and the risks and uncertainties described in greater
detail under the “Risk Factors” section of our annual report on
Form 10-K filed with the U.S. Securities and Exchange Commission on
May 26, 2023, as such factors may be updated from time to time. We
undertake no obligation to revise or update any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as may be required by law.
Contacts
Shareholder Relations:Seth
Weissshareholders@stepstonegroup.com1-212-351-6106
Media:Brian Ruby / Chris Gillick / Matt
Lettiero, ICRStepStonePR@icrinc.com1-203-682-8268
StepStone (NASDAQ:STEP)
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StepStone (NASDAQ:STEP)
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