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Industry Spotlight > Women in Wealth

Lebenthal Adds Co-CEO as Chief Takes Reins of Wealth Unit

By Janet Levaux

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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.”

As for Campanale’s departure, Lane explained: “I want to thank Frank Campanale for his service to the firm and for the role he has played in creating and building Lebenthal Wealth Advisors to this point, and to wish him well as he moves on to the next step in his life’s journey.”

Yastin began her career in financial services with Primerica Corp., which evolved into Citigroup. She also served as CFO of Credit Suisse First Boston from 2002 to 2004.

“I am thrilled to be joining Lebenthal, a firm that combines the tradition of a 90-year-old financial institution with the excitement of a growth company. Jeff, Alex and Jimmy are building a robust platform that focuses on three main businesses — asset management, wealth management and capital markets,” she said in a press release.

Lebenthal Holdings includes Lebenthal Asset Management, an RIA that manages domestic and global equity portfolios and taxable and tax-free fixed income portfolios, as well as Lebenthal Wealth Advisors, an RIA that offers wealth-advisory services and products for high net worth individuals and institutions. Lebenthal & Co. is a member FINRA/SIPC, and a woman-owned broker-dealer that conducts underwriting and capital markets activities.

— Check out Lebenthal Launches Wealth Firm, Names Campanale CEO on ThinkAdvisor.

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