Investment Placement Group (IPG) has announced that industry veteran Gilbert “Gil” Addeo has been appointed Chief Operating Officer and Head of Business Development. Mr. Addeo, will be based in San Diego and report directly to Mr. Adolfo Gonzalez-Rubio, Chairman and Chief Executive Officer of IPG.
With over 20 years of experience in the financial services industry, Mr. Addeo will be an integral member of IPG’s executive leadership team with direct oversight of compliance, operations, trading, private banking, finance, information technology and business development.
Mr. Addeo most recently served as a Director at Pershing LLC, a BNY Mellon Company, where he oversaw the international Relationship Management teams. Prior to that, Mr. Addeo served as the Head of Business Development and Relationship Management at Bear Stearns Clearing Corp.
Mr. Gonzalez-Rubio commented, “We are very happy to have Gil become part of the IPG team. Having known Gil for many years, I can say that he is a talented leader and brings a lot of expertise to IPG. I look forward to working with Gil and I am confident with his leadership we can achieve our goals of attracting new advisors to our platform.”
Mr. Addeo commented, “I am very excited to become part of the IPG team. IPG is a great organization with a 30 plus year history of success and clear vision of growth in both international and domestic markets. IPG has all the tools from dynamic global trading in Equites, Fixed Income options and commodities, partnerships with the top clearing and custody platforms in the industry and access to various investment products for our clients. This is the perfect environment for advisors looking to gain independence with a fully developed platform to support them. I look forward to the opportunities ahead.”