Tiger 21, a networking and educational organization for ultra-high-net-worth individuals, has created a holding company to act as the umbrella organization for its growing list of services.
The holding structure, Tiger 21 Holdings, will include the organization’s flagship membership operations and Magnolia Purchasing Advisors, the Tiger 21 unit formed three years ago that helps members and non-members purchase high-ticket products and services, including insurance, aviation charter and purchase, artwork, automobiles and other collectibles.
Barbara Goodstein, a veteran marketing and management executive, has been named president and CEO of the holding company. She served as chief marketing officer for AXA Equitable and, most recently, at Vonage Holdings Corp. She also sits on the board of the investment management company Manning and Napier.
“The success of Tiger 21, and the trajectory of Magnolia have confirmed that these businesses warrant the full-time attention of a senior leader who can cultivate the synergies between the two and develop additional opportunities for overall growth, whether through innovation or acquisition,” said Michael Sonnenfeldt, Tiger 21 founder and chairman.
Tiger 21 started in New York City in 1999 and now has organizations in 18 cities in North America. Its 325 members have $30 billion of combined investable assets.