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Rich DeMartini

Vice Chairman

Rich DeMartini is a vice chairman.

Bio

Rich DeMartini is a seasoned financial services executive and investor with a distinguished career in asset and wealth management. He most recently retired in 2021 as Partner and Head of Financial Services Strategy at Crestview Partners, where he now serves as Vice Chairman.

Prior to Crestview, Rich served as President of Bank of America’s Wealth and Asset Management Group from 2001 to 2004, overseeing the bank’s global wealth and investment operations. Before that, he spent 26 years at Morgan Stanley, where he held several senior leadership roles including Chairman and CEO of the International Private Client Group, Co-President of Asset Management, Co-President of Dean Witter & Company, Inc., and Chairman of Discover Card.

Rich has held directorships at numerous public and private companies. He was a founding member of Partners Capital and previously served as Chairman of the Board of the NASDAQ Stock Market. Rich currently serves as Lead Independent Director of Victory Capital Management (NASDAQ: VCTR).

Beyond finance, Rich is actively involved in the arts and sports. He is a Trustee and Chairman of the Whitney Museum of American Art. An avid sports investor, he is a shareholder in Major League Soccer team Nashville SC and the founder of Elm Rock BV, which owns and manages show jumping horses that compete internationally.

Rich earned a Bachelor of Arts from San Diego State University, where he attended on a tennis scholarship.

Investments

Arxis Capital Group

Financial Services

Realized

Arxis was an electronic trading firm specializing in the automated market-making of global securities. Its goal was to develop and utilize technological innovations that intelligently analyze data in order to deliver liquidity across asset classes.

Capital Bank Financial

Financial Services

Realized

Capital Bank Financial Corporation was established by Crestview and management in 2009 and grew to $10.1 billion in assets through eight bank acquisitions. Capital Bank completed its $2.2 billion merger with First Horizon National Corporation in November 2017.

FBR & Co.

Financial Services

Realized

FBR provides investment banking, merger and acquisition advisory, institutional brokerage and research services. It focuses on the consumer, energy & natural resources, financial institutions, healthcare, industrials, insurance, real estate and TMT sectors.

Fidelis Insurance Holdings Limited

Financial Services

Current Portfolio

Fidelis is a global provider of specialty insurance and reinsurance products. The company has offices in Bermuda and London.

Lancashire Holdings

Financial Services

Realized

Lancashire is a global provider of specialty insurance and reinsurance, focusing on short-tail risks in property, energy, marine, aviation and Lloyd’s. The company was established in 2005.

Martin Currie

Financial Services

Realized

Martin Currie is a specialist active equity manager. It manages assets for financial institutions, charities, foundations, pensions, trusts, banking and insurance companies, family offices and offshore funds. It was acquired by Legg Mason in October 2014.

Munder Capital Management

Financial Services

Realized

Munder is an investment advisory firm offering actively managed investment products to institutional and retail clients. It offers a broad array of equity, fixed income and balanced investment disciplines and was acquired by Victory Capital in October 2014.

PartnerRe

Financial Services

Realized

PartnerRe is a global multi-line reinsurer specializing in property and casualty, life and health and alternative risk products. Crestview initially invested in Paris Re (formerly AXA Re) in 2006, which subsequently merged with PartnerRe in 2009.

Protect My Car

Financial Services

Realized

Protect My Car is a vertically integrated seller and administrator of vehicle service contracts and maintenance products that protect used vehicle owners against unexpected costs of servicing, repairs and replacement.

Victory Capital

Financial Services

Current Portfolio

Victory Capital is an investment management firm operating a next-generation, integrated multi-boutique business model with $132.5 billion in assets under management as of July 31, 2020. Victory Capital serves both institutional and retail investors.