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Foundation Source Appoints Former Refinitiv Wealth Arm Head As CEO

Editorial Staff

9 March 2024

. During his stint at the firm – now owned by the London Stock Exchange Group – the organization pushed further into the wealth management space, as reported here, for example.

To coincide with Mrak’s appointment, Foundation Source said Chicago-based private equity firm GTCR is buying the business. FS supports 2,200 family, corporate and independent foundations representing over $20 billion in charitable assets. 

In Mrak’s case, he has more than 25 years of experience. Most recently, Mrak was executive chairman of Solovis, an institutional investment management platform servicing family offices, endowments, registered investment advisors (RIAs) and insurance firms. He also served as CEO and chairman of FolioDynamix, an integrated SaaS-based wealth management platform, which today is part of Envestnet.