Money manager Dalton Strategic Partnership LLP has turned to royalty for its new CEO, appointing Prince Wenceslas von Liechtenstein to the position.
Prince Wenceslas joined the $2.4 billion Dalton Strategic Partnership as a partner and member of the board in July, quickly ascending to take the CEO crown just one month later. A spokesman for DSP said Prince Wenceslas joined “with the intention being that he would be appointed CEO — however the firm didn't put a strict time frame on the appointment.”
Specialist equity firm Dalton manages assets on behalf of institutional and other investors. Previous CEO Magnus Spence — a co-founder of the firm — left in 2014. Mr. Spence most recently joined Jupiter Fund Management in the new position of head of investments, alternatives.
It's not just blue that runs in Prince Wenceslas' blood: finance does, too. His father, His Serene Highness Prince Philipp von und zu Liechtenstein, is chairman of the board of trustees for LGT Group, a private bank and asset management firm that is the family office of the Princely House of Liechtenstein. LGT had 143.4 billion Swiss francs ($146.3 billion) in assets under management as of June 30.
Prince Wenceslas' own resume also shows an impressive financial lineage — he previously held positions as a managing director in two businesses that provide corporate banking services, such as mergers and acquisitions, and capital restructuring. Further details could not be learned by press time. He was also a senior manager for General Electric in M&A and business development, and prior to that an associate in Goldman Sachs' equity division.