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February 18, 2021 at 11:23 AM
Hightower Advisors says it has two new board members: Lisa Dolly, the former CEO of BNY Mellon Pershing, and Darrell Horn, CEO of Green Square Wealth Management, a member firm of Hightower’s network.
With these additions, Hightower CEO Bob Oros will take on the role of chairman.
“Lisa Dolly brings more than 30 years’ experience helping advisory businesses grow and scale, and we are thrilled to welcome her to our board,” according to Oros. “Lisa’s management expertise and passion for serving clients will help us elevate and expand our institutional-class advisor services.”
Dolly is the former chair and CEO of Pershing, where she worked for 31 years before stepping down in mid-2019. Her roles there included time spent as CEO (2016-2019), chief operating officer (2013-2016), head of Managed Investments (2012-2013), chief administrative officer (2010-2012) and head of Global Operations (2006-2010).
She has served on the board of the Securities Industry and Financial Markets Association (SIFMA) and on the Depository Trust & Clearing Corp.’s cross-industry committees. She also is a volunteer with the 30% Club, where she mentors aspiring professional women, and a former board member for Invest in Others.
“Central to Hightower’s business model is the belief that financial advisors are entrepreneurs at heart … ,” Dolly said in a statement. “As a new board member, I am excited to support Hightower in its mission to further scale its value-added services for advisors, freeing up their time to deepen and extend their client relationships and grow profitability. I look forward to contributing to the next chapter of Hightower’s growth.”
