NEW YORK, August 2, 2023 – Alger Management, Ltd. (“Alger”), a privately-owned $22 billion growth equity investment manager, has today announced that it is expanding its global distribution presence with the hiring of two senior professionals in Europe and Asia.
Stephen Hearle has joined as Senior Vice President, Head of EMEA Business Development, and he will be based in London, U.K. In this new role, he will be responsible for developing Alger’s relationships with institutional investors, investment consultants, wealth managers, private banks, family offices and fund selectors across Europe, the Middle East, and Africa. Stephen will report to Fred Alger & Company, LLC, President and Chief Distribution Officer Christoph Hofmann, CFA.
Stephen King, who has joined as Senior Vice President, Head of APAC Business Development, will be based in Singapore. In this new role, Stephen will be focused on business development opportunities with institutional investors, consultants, high net worth individuals, wealth managers, private banks and family offices across Asia. Stephen will report to Stephen Hearle.
“Growing our global footprint is of strategic importance for the continued growth of the firm, and hiring the right leaders is the first step,” said Hofmann. “Stephen and Stephen both have impressive pedigrees and remarkable track records of building relationships in their respective regions. Alger has made a long-term commitment to both existing and future clients in Europe and Asia and we will deliver exceptional growth equity opportunities to investors.”
“It is a privilege to join Alger at this moment in time, and I am excited to expand the firm’s deep institutional and wealth management knowledge throughout the EMEA region,” said Hearle. King added, “I look forward to working alongside Alger’s talented team to bring unique growth equity opportunities to investors across Asia.”
Alger has provided asset management capabilities in Europe for more than 25 years and opened its London office in 2014. Non-U.S. investors can access Alger investment offerings through Alger SICAV, sub-advised, and separate account mandates. Alger SICAV, a Luxembourg UCITS vehicle, makes the funds available to non-U.S. investors in both U.S. dollar-, Euro-, and Pound sterling-denominated classes.
Alger’s charitable efforts, including the Alger Candlelight Giving Program and the firm’s Matching Gift Program, are additional ways that Alger and its employees are dedicated to giving back to the community by creating meaningful volunteer opportunities and supporting those who are underserved. Alger’s Candlelight Giving Program was established in 2007 and is managed by Alger personnel. For a full list of Alger’s charitable efforts, visit Alger’s website.
CONTACTS:
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Prosek Sheila Kulik 203-745-2523 pro-alger@prosek.com
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Alger Scott A. Anderson 212-806-2972
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