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New York-based investment firm Pretium is putting its more than $55B in assets under management under the eye of a former chief financial officer at Goldman Sachs Group.

Stephen Scherr was appointed co-president alongside existing President Jonathan Pruzan, who spent 30 years at Morgan Stanley before joining Pretium in September 2023. Pretium was founded by Don Mullen, who worked with Scherr at Goldman, BNN Bloomberg reported.