Focus Financial Partners has tapped two of its network firm leaders to new executive positions, “signaling a new era of strategic and financial growth,” according to a news release.

Mitch Kovitz, principal, founder and co-chief investment officer at Kovitz, a Chicago-based registered investment advisors that manages $7.3 billion, was appointed vice chairman, effectively immediately. And starting February 1, Michael Nathanson, CEO of the Colony Group, a Boston-based RIA with $21 billion in AUM, will assume the role of president.

Kovitz and Nathanson will continue in their current positions at their respective firms, the release noted.

“These appointments are not just about filling positions; they are about bringing in fresh, dynamic perspectives to our leadership team. We are committed to evolving and embracing new ideas, ensuring that Focus Financial Partners remains at the forefront of the financial services industry,” Focus Chairman and interim CEO Dan Glaser said in a statement. 

Glaser, who had been an operating partner at private equity firm Clayton, Dubilier & Rice, which bought Focus Financial in August, has been serving as interim CEO since October, when Focus announced that its founder and CEO, Rudy Adolf, was stepping down at the end of the year. Adolf founded the firm in 2004. 

Focus Financial Partners is a partnership of independent, fiduciary wealth management firms. According to its website, it has more than 90 partner firms in more than 38 states and in Australia, Canada, Switzerland and the U.K. The firm brought in $2.1 billion in revenue last year.