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StepStone Group adds to Board of Directors

StepStone Group, a global private markets investment firm, has appointed Valerie G Brown to the company’s Board of Directors, effective 12 April, 2021. 

This newly created directorship expands the Board to 11 members. Brown will be the Board’s third independent director and will serve on the Audit Committee.

Brown joins StepStone’s Board following a distinguished career in the financial services and wealth management industries. From 2016 to 2019, Brown served as Executive Chairman of the Board of Directors of Advisor Group, Inc, one of the largest wealth management firms supporting independent financial advisers in the United States, and was Chief Executive Officer of Cetera Financial Group from 2010 to 2014. Prior to joining Cetera, Brown held a number of executive and senior leadership positions at ING, a global bank, as well as Taco Bell Worldwide, Bain & Company and Chevron.

Chairman and Co-Chief Executive Officer Monte Brem says: “We are delighted to welcome Valerie to our Board of Directors. Her experience as a board member and executive at leading financial institutions will provide us with the diverse perspectives required to thrive in an ever-changing world. In addition, her expertise in wealth management and product distribution will be invaluable as StepStone continues to grow its brand and assets with high-net-worth and mass affluent investors.”

Brown says: “StepStone’s tremendous growth since inception is a testament to its exceptional people, client-centric focus, and collaborative, stakeholder-oriented culture. I look forward to contributing to the firm’s continued success and serving the needs of all shareholders.”

Brown currently serves on the Board of Directors of Advisor Group, AmWINS Group, Inc, a wholesale distributor of specialty insurance products and services, Jackson Hole Airport and Protect Our Water Jackson Hole. She holds a master’s in business administration from Stanford University and a bachelor’s in science with high scholarship in chemical engineering from Oregon State University.

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