A team that managed more than $1.6 billion in client assets left Credit Suisse to join William Blair, a spokesman said.
Advisors Kim Chenevey, Joel Dobbs, Craig Savage, and Andy Thompson joined William Blair's Private Wealth Management Group in Atlanta, where they opened a new office. Also moving with the team are service associates Robert Castaneda and Sarah Lundquist.
They are among the latest departures from Credit Suisse, which has plans to exit the U.S. market. The Swiss firm reached a recruiting arrangement with Wells Fargo late last year, giving the wirehouse the inside track on its U.S.-based advisors. Yet many have been passing Wells for rivals such as UBS and J.P. Morgan Securities.
Ryan DeVore, William Blair’s head of Private Client Advisors, said in a statement that the firm is expanding with the right teams in the right markets. "The team is a reflection of the high-caliber talent that we offer clients."
Savage, speaking on behalf of the team, said that they made the move to William Blair for its "independent, partnership culture" and the firm's technology and investment capabilities.
The Chicago-based firm has an asset management unit that oversees over $72 billion and a wealth management unit that has more than $16.7 billion in private wealth assets. The firm has offices in 19 cities.
William Blair recently recruited a Chicago-based advisor from Credit Suisse who managed about $320 million, according to a spokesman.
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