What You Need to Know
- The addition of Brown expands StepStone's board to 11 members.
- Brown previously was executive chair of Advisor Group’s board and Cetera CEO.
- She remains a member of Advisor Group's board.
Former Advisor Group executive chair Valerie Brown has joined the board of global private markets investment firm StepStone Group.
The addition of Brown, the board’s third independent director, expands it to 11 members, StepStone said Tuesday. The industry veteran will serve on the board’s Audit Committee.
Brown was executive chair of Advisor Group’s board from 2016 until 2019, when Advisor Group said it was being acquired by the private equity firm Reverence Capital Partners and Brown was stepping down. But she remains a board member.
Brown was also CEO of Cetera Financial Group from 2010 to 2014. Prior to joining Cetera, Brown held a number of executive and senior leadership positions at the global bank ING, as well as Taco Bell Worldwide, Bain & Co. and Chevron.
“Her experience as a board member and executive at leading financial institutions will provide us with the diverse perspectives required to thrive in an ever-changing world,” according to Monte Brem, co-CEO and chairman of StepStone.