Hamilton Lane CEO Mario Giannini leaves post

  • After 23 years in the position
  • Thanks for Giannini
  • Erik Hirsch and Juan Delgado-Moreira taking over
  • Giannini will remain as Executive Co-Chairman at Hamilton Lane
  • Giannini said 120 words

(exechange) — Conshohocken, Pennsylvania, September 12, 2023 — Mario Giannini, chief executive of Hamilton Lane, leaves his position. As announced by Hamilton Lane Inc. in a news release and in a regulatory filing published on Tuesday, September 12, 2023, Mario L. Giannini leaves his post as chief executive officer at the investment management firm, after 23 years in the role, effective January 1, 2024.

It is the end of an era.

Mario Giannini’s duties as CEO will be taken over by Erik Hirsch and Juan Delgado-Moreira as Co-Chief Executive Officers.

Erik Hirsch is currently Vice Chairman & Head of Strategic Initiatives at Hamilton Lane Inc.

Juan Delgado-Moreira is currently Vice Chairman at Hamilton Lane Inc.

“Thoughtfully considered transition plan”

The planned management change is explained as follows. Hartley Rogers, Chairman, stated: “Today’s announcement reflects a thoughtfully considered transition plan – one that elevates two long-standing partners to well-deserved roles.”

Giannini will remain as Executive Co-Chairman at Hamilton Lane

Hamilton Lane stated: “[L]ong-time executives Erik Hirsch and Juan Delgado-Moreira have been appointed Co-Chief Executive Officers, effective January 1, 2024. They succeed Mario Giannini, who, after 22 years as Hamilton Lane’s CEO, will join Hartley Rogers as Executive Co-Chairman. Rogers has served as Chairman of the Board since 2005.”

“Transitioning away”

Hamilton Lane said: “On September 7, 2023, Mario Giannini, the Chief Executive Officer (“CEO”) of Hamilton Lane Incorporated (the “Company”), provided notice to the Board of Directors of the Company (the “Board”) that he is transitioning away from his position as CEO, effective as of January 1, 2024, as part of the Company’s long-term succession planning process.”

Share price increase since September 2018

The announcement follows an increase in Hamilton Lane Inc.’s share price of 85% since September 2018.

In the position of CEO since 2001

Mario Giannini became CEO of the Company in 2001.

Giannini is the Company’s Chief Executive Officer, a member of the Company’s board of directors and Chair of its compensation committee.

He is also a member of various HLA investment committees. Giannini has been the Company’s Chief Executive Officer since 2001.

Prior to becoming Chief Executive Officer, Giannini was the President of HLA from 1998 to 2001. Prior to joining the firm in 1993, he served as Executive Vice President and General Counsel of Industrial Valley Title Insurance Company from 1989 to 1992, Deputy General Counsel of Fidelity Bank in Philadelphia from 1984 to 1989 and Senior Attorney at Continental Illinois Bank in Chicago from 1979 to 1983.

Giannini serves on the board of Ownership Works, a nonprofit organization that works with companies and investors to provide all employees with the opportunity to build wealth through equity.

He received a B.A. from California State University, Northridge, a J.D. from Boston College and a Master of Laws degree from the University of Virginia.

He is a former member of the state bars of California and Illinois.

120 words by Mario Giannini

In the release announcing his departure as CEO of Hamilton Lane Inc., Mario Giannini received thanks.

In announcing his departure, Mario Giannini said 120 words.

“We’ve identified the right leaders”

Mario Giannini stated: “We’re thrilled to be making this announcement today – at a time when Hamilton Lane is as strongly positioned as it’s ever been in terms of our global platform and scale, new and differentiated product lines, growing client base and deep leadership bench. With Erik and Juan stepping into the roles of Co-CEOs, I am both confident and excited about the future of Hamilton Lane, knowing we’ve identified the right leaders to build upon the strength of our current foundation and guide us through the next evolution of our business. Personally, I look forward to continuing to play an active role, spending time and deepening relationships with clients, opining on the markets and helping set the strategic direction of the firm.”

Push-out Score for Mario Giannini’s move determined

The Push-out Score indicates on a scale of 0 to 10 how likely it is that Mario Giannini was pushed out or felt pressure to leave his position.

exechange reached out to Hamilton Lane and offered the company the opportunity to comment on the score.

Read the full story in the exechange report 38.2023 ($).