Cetera Names New Chief Executive Officer
Cetera Financial Group, a network of independent financial advisor firms, has appointed Adam Antoniades as chief executive officer and member of the board of directors.
Cetera Financial Group, a network of independent financial advisor firms, has appointed Adam Antoniades as chief executive officer and member of the board of directors.
Antoniades has served as president of Cetera since 2014 and will replace interim CEO and current chairman of the board Ben Brigeman, who was appointed to the role following the resignation of Robert Moore in March 2019.
Cetera became an independent, privately held organization following the pre-planned bankruptcy of its former parent company, RCS Capital Corp in 2016. Robert Moore took over as chief executive officer in September 2016 after the departure of Larry Roth, who saw Cetera through the bankruptcy process. Private equity firm Genstar Capital purchased a majority stake in Cetera last year.
“I want to thank our CEO search committee for conducting such a thorough vetting of internal and external candidates that was extensive in its diligence and reach,” said Tony Salewski, managing director of Genstar Capital and member of Cetera’s board. “The Cetera CEO role attracted many of the industry’s top talent, and in Adam we are confident that we have identified the best leader to take Cetera forward.”
In 1994, Antoniades founded First Allied, now a Cetera broker-dealer, and served as its president and CEO for the better part of two decades. The company said that he was instrumental in helping Cetera grow both organically and via acquisitions, including First Allied’s sale to Wells Fargo in 2002.
Antoniades previously served as chairman of the Financial Services Institute, an industry trade group, and on its political action committee.
Cetera Financial Group is comprised of Cetera Advisors, Cetera Advisor Networks, Cetera Investment Services (marketed as Cetera Financial Institutions), Cetera Financial Specialists, First Allied Securities and Summit Brokerage Services.
