Bluerock hires Michael McGrath as EVP in New York

On September 9, 2024, Bluerock announced the appointment of Michael McGrath as Executive Vice President and Head of Product, a newly established position aimed at enhancing the firm's product development and strategy. This move comes in the wake of Bluerock's recent acquisition of a strategic stake in The Townsend Group, which is expected to create new opportunities for product development and leverage Bluerock's distribution capabilities to enhance Townsend's investment offerings in the private wealth sector. In his role, McGrath will oversee the management of Bluerock's product suite and will be responsible for the development and structuring of new investment products. His extensive experience in product innovation is anticipated to be instrumental as the firm seeks to adapt to the evolving needs of individual investors. McGrath's background includes over 34 years in the industry, with significant leadership roles at Morgan Stanley Wealth Management, where he was Global Head of Alternatives, and at Perella Weinberg Partners and AXAR Capital. Ramin Kamfar, Bluerock's CEO and founder, emphasized the importance of McGrath's expertise at a time when the firm is poised for expansion. The partnership with Townsend is expected to deepen Bluerock's intellectual capital resources, which will be crucial in guiding the product development process and launching new offerings across financial intermediaries. McGrath holds an MBA from NYU Stern School of Business and a BA from Saint Peter's University. He will be based at Bluerock's headquarters in New York, where he will lead initiatives that align with the firm's growth strategy and commitment to meeting the diverse needs of its clients.