Cool Springs investment management firm CapWealth Advisors has promoted a managing principal brought on board last year to president and COO.
Phoebe Venable joined CapWealth in March of 2011 from SunTrust's GenSpring family-office division. In her new role, which will be effective Jan. 1, she will oversee on a day-to-day basis the dozen or so people at CapWealth. She will take over from Scott Roland, who was named to the president and COO posts in the summer of 2010 and will continue to run CapWealth Investment Services, the firm's broker-dealer subsidiary.
"I'm excited to name Phoebe to this leadership position," said CapWealth Chairman and CEO Tim Pagliara. "She has quickly proven her managerial and investment skills and has worked tirelessly and effectively to help our clients succeed. I believe our firm and clients will greatly benefit from her continued visionary leadership."
Twelve-year-old CapWealth manages about $750 million for clients in 29 states and four countries. That's up from about $650 million in early 2011.