Victory Capital (VCTR) Announces Resignation of Milton Berlinski from Board

Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital” or the “Company”) today announced that Milton Berlinski will be stepping down from the Company’s Board of Directors on December 31, 2023, after nine years of service.

In 2014, Mr. Berlinski led Reverence Capital Partners’ (“Reverence”) successful investment in Victory Capital. Earlier this year, private equity funds managed by Reverence divested substantially all of their shares in Victory Capital. Following such divestments and after consultation with Victory Capital Chairman and CEO David Brown, Mr. Berlinski has decided to step down from the Board on December 31, 2023.

Commenting on the resignation, David Brown said: “I would like to thank Milton for his support and counsel over the years. His contributions reinforced the rapid growth of our Company as we advanced from a privately held asset manager to a publicly held, scaled organization with well-diversified investment capabilities and a robust muti-channel distribution platform.”

Mr. Berlinski co-founded Reverence Capital Partners in June 2013, after concluding a 26-year career at Goldman Sachs, where he served as a founding member of the Financial Institutions Group in Investment Banking, focusing on banks, consumer and commercial finance companies, asset management, insurance, and capital markets.

“It's been a privilege and honor to have been an investor and director on what has been an amazing journey under David Brown's leadership,” Mr. Berlinski said. “I’ve watched the Company move from strength to strength and, with this strong management team and business model, Victory is extremely well positioned to deliver for its stakeholders.”

You May Also Be Interested In

• Boeing names Ryan Shedd as new SVP and controller
• Yum! Brands adds former HanesBrands CEO to its board
• Home Depot expands executive roles, grants $500K in restricted stock