Lebenthal Holding said Monday that it is making several changes to its executive lineup, including the appointment of former-Ally Bank CEO Barbara Yastine to a co-CEO slot.
Alexandra Lebenthal, who has been CEO of the company since 2008, will assume the role of co-CEO. In addition, she will continue to serve as CEO of the company’s broker-dealer and is assuming the CEO role of Lebenthal Wealth Advisors, the company’s wealth management unit.
Frank Campanale has had this post for the past two years, but is stepping down “to pursue other opportunities,” the company says. (Prior to joining Lebenthal Wealth Advisors, Campanale was head of E. F. Hutton, First Allied Securities and Smith Barney Consulting.)
James B. Lebenthal, Alexandra’s brother, continues in the role of CEO of Lebenthal Asset Management, while Andrew J. Grillo remains president and COO of Lebenthal Wealth Advisors.
“These management changes are a significant event in the development of Lebenthal,” said Lebenthal Holdings Chairman Jeffrey B. Lane, in a statement. “I’ve known and worked with Barbara for over 25 years, and her experience running complex financial services organizations, her leadership skills and her ability to maintain strategic vision while managing operational issues will serve us well going forward.”