Fortress Investment Group today announced key leadership appointments for the firm’s newly created Client and Product Solutions Group (“CPSG”), which will replace the firm’s prior Capital Formation Group (“CFG”) in January 2025. Scott Werthamer, a 17-year Fortress veteran and formerly Deputy Head of CFG, and Seth Ruthen, who joins Fortress on January 6, 2025, have been appointed Co-Heads of CPSG, reporting to the firm’s Managing Partners. Fortress veterans Peter Hausmann and Maggie R., who have held senior positions focused on key client relationships for a combined 30 years, have been appointed Co-Heads of Institutional Sales within CPSG. In a joint statement, Drew McKnight, Co-CEO and Managing Partner, Joshua Pack, Co-CEO and Managing Partner, and Jack Neumark, Managing Partner, said, “From our position today as an industry leader in providing capital solutions to our clients, we plan to strategically expand the breadth of our products in the coming years while increasing our geographic diversification and continuing to grow our Private Wealth Solutions and Insurance Solutions businesses. As Co-Heads of our Client and Product Solutions Group, Scott and Seth will work with their teams to create products and structures that allow us to diversify significantly the cost, duration and type of capital we raise – which in turn will allow us to target an even broader set of investment opportunities as we seek to deliver strong risk-adjusted returns to our investors. We are also very pleased to announce the appointments of Peter and Maggie to lead our institutional sales efforts.” Read more:
Fantastic opportunity and work Fortress Investment Group. Let’s get some movements going.
Todd, what a great run under your leadership over the past decades! My warmest congratulations. Please keep in touch and let me know of your future endeavors. 👏
Congrats Scott Werthamer !
Exceptional group, congrats all! 💪🏼
Go Peter go 💫 congrats everyone.
Congrats, Scott Werthamer and Maggie R. !!
Congrats! Scott Peter and Maggie Awesome recognition of your collective contributions to CFG’s success
Awesome 😎
Go Maggie R., Peter, Scott and the rest of the team! So excited for this news. Very deserving individuals.
Director of US Operation - Property Inspect
3moPowerhouse team!