CAIS Taps Tim Shannon, Brad Walker as Co-PresidentsCAIS Taps Tim Shannon, Brad Walker as Co-Presidents
The New York-based duo will report to CAIS founder and CEO Matt Brown.
Alternative investment platform CAIS has shaken up its leadership structure to help support the company’s “next phase of growth.”
In the new arrangement, Tim Shannon and Brad Walker will serve as co-presidents of the company. Previously, Shannon served as CAIS president and CFO while Walker was chief client and product development officer.
Walker will continue to oversee all client-facing initiatives, while Shannon will remain focused on optimizing CAIS’ operational infrastructure. Both will continue to be based in New York City and report directly to CAIS founder and CEO Matt Brown.
“As we evolve as a firm, we see an opportunity to advance our strategic priorities while maintaining streamlined connectivity across our executive team,” Brown said in a statement. “Brad and Tim have both demonstrated exceptional leadership during their tenure at CAIS and together bring a complementary blend of expertise that is essential to executing the company’s long-term vision.”
Walker joined the firm in 2012 in part focused on managing the company's relationships with independent financial advisors and asset managers. Shannon served as CAIS president for more than a decade focused on the company’s operational infrastructure and governance.
“As we continue to grow and scale, we are confident that our collaborative leadership approach will drive value and success across every facet of the business,” Shannon said in a statement.
“I am excited to take on this expanded role and work alongside Tim to lead the company into its next phase of growth,” Walker said in a statement. “Together, our shared expertise will be crucial in driving the continued success and evolution of CAIS.”
It’s the latest news in a busy stretch for the company.
Last week, it announced a new capability to let advisors integrate and manage alternative investments within third-party turnkey asset management platforms and managed account platforms.
A few months prior, CAIS launched CAIS Advisors, an RIA division created to assist financial advisors with streamlining portfolio construction.
CAIS also rolled out more multi-manager registered investment portfolios, which provide users with access to diversified asset allocation vehicles with products ranging from private equity, private debt and real assets to hedge funds and thematic investments. Earlier in 2024, for example, CAIS added several funds from alternative asset giant Blackstone to its marketplace.
The initiatives came alongside the firm’s launch of Compass, a portfolio construction tool for creating and analyzing asset allocation in alternative investments. In 2023, CAIS, launched its software-as-a-service platform, CAIS Solutions, which lets advisors manage alternative investments in one spot, including those sourced through CAIS’s marketplace, but also ones purchased directly from managers or sourced on other alts platforms.
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