ATLANTA, Ga. (February 21, 2013) – A. Montag & Associates (www.amontag.com) today announced that Robert G. Pennington has joined the firm as a managing director.
Mr. Pennington will direct marketing and business development at the 30-year-old firm, whose motto, “Investing for Generations,” is familiar to many Atlanta families. The firm has approximately $950 million under management.
“Bob Pennington is an experienced, growth-oriented executive whose values are deeply rooted in client relationships and service that has been the hallmark of our firm since its inception,” said Ned Montag, CEO of A. Montag & Associates.
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Mr. Pennington was most recently the CEO and managing director of a Gainesville, Georgia, investment firm that grew from $120 million to more than $1.1 billion during his eight-year tenure there.
“I am pleased and fortunate to be joining such a successful and respected firm,” said Mr. Pennington. “Since the firm’s founding in 1982, Montag and its investment professionals have been widely known for their investment expertise and exemplary client service.”
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Prior to his work in Gainesville, Mr. Pennington served as vice president in the Division of Institutional Advancement at Emory University. While there, he oversaw annual giving, planned giving, strategic major gifts and alumni relations, reorganizing several of these functions as the university prepared for a comprehensive capital campaign.
Before transitioning to a career in investment management, Mr. Pennington was a partner at King & Spalding, one Atlanta’s oldest and most distinguished law firms, where his diverse practice included leading a team of attorneys that represented the Atlanta Committee for the Olympic Games in the development, construction and operation of the Olympic Village and competition venues for the 1996 Centennial Olympic Games.
Mr. Pennington is a member of the Business Advisory Council at University of North Georgia’s Cottrell School of Business. He also serves on the board of directors at Connect North Georgia Inc., the board of trustees of Elachee Nature Center, and the board of visitors of Riverside Military Academy. A native of Atlanta, Mr. Pennington holds four degrees from Emory University and continues to serve the university in a variety of volunteer capacities.
About A. Montag & Associates
A. Montag & Associates (www.amontag.com), founded in 1982 by Anthony Montag, is an independent investment management firm registered as an investment adviser with the U.S. Securities and Exchange Commission. As of January 2013 the firm manages approximately $950 million in client assets for some 200 high net worth individuals and families, foundations, and other endowed institutions. Three generations of Montags have assisted clients in achieving their investment goals and objectives for more than 30 years.
