Cresset Strengthens Institutional Push with Morgan Stanley Veteran
Event summary
- Mark Thompson joins Cresset as Executive Managing Director, Institutional Consulting on March 19, 2026.
- Thompson brings 8 years of experience building institutional consulting businesses, most recently at Morgan Stanley.
- Cresset now manages $235B in AUM/AUA following its 2025 combination with Monticello Associates.
- Thompson will lead Cresset's OCIO business and integrate institutional frameworks into private wealth offerings.
The big picture
Cresset's hire of Mark Thompson underscores its push into institutional consulting, a segment increasingly targeted by wealth managers seeking scale. The move comes after the firm's strategic combination with Monticello Associates expanded its AUM to $235B, positioning it as a formidable player in both private and institutional wealth management.
What we're watching
- Institutional Integration
- How Thompson will bridge Cresset's private wealth and institutional offerings.
- Competitive Positioning
- Whether Cresset can sustain its growth trajectory in the crowded OCIO space.
- Client Acquisition
- The pace at which Thompson attracts new institutional clients to Cresset's platform.
Related topics