Skip R. Karetsky is the Managing Member of the Karetsky Group, LLC (http://www.wetherby.com/) and a principal and shareholder of Wetherby Asset Management, wealth management firms in New York and San Francisco. In 1969, Mr. Karetsky joined Goldman, Sachs & Co. in the Institutional Equity Department and was a founding member of the Restricted Stock Group. In 1974, he joined Morgan Stanley & Co. as the founder of the Restricted Stock Group in the Equity Division. During his sixteen year tenure at Morgan Stanley, he became a Managing Director and had management responsibility in the Individual Investor Services (Private Clients), International Equity and MS Services Departments. During this period, Mr. Karetsky played a key role in the Firm’s MBA recruiting and training programs. He created the first training program for the Sales and Trading Division in 1975 and had senior responsibilities for campus recruiting and training for fifteen years. In 1985, he created and thereafter was responsible for the Private Client Services MBA recruiting and training programs.
In 1990, Mr. Karetsky joined OFFITBANK as a Managing Director and member of the Management Committee. This New York State chartered trust bank managed approximately $11 billion in a range of fixed income assets for private clients, not-for-profit organizations and institutions. It merged with Wachovia Bank in 199. After slightly more than five years at OFFITBANK, Mr. Karetsky returned to Morgan Stanley and from 1995-1997 served as a Managing Director and Advisory Director. During this second “tour of duty”, he was Global Head of the Private Client Services Department, a group of approximately 600 people, with offices in five U.S. cities and six venues in Europe and Asia, including the Swiss Private Bank domiciled in Zurich. He also served as a member of the Equity Division Operating Committee.
In November, 1998, Mr. Karetsky joined European Investors Incorporated as a Managing Director and Principal. He was head of U.S. Private Client Marketing, a member of the equities investment committee and the firm’s Chief Compliance Officer. European Investors, a real estate securities and REIT asset management firm, managed portfolios totaling $3.5 billion for European and U.S. private clients, institutions, corporations, endowments and foundations. Prior to joining European Investors, Mr. Karetsky was an advisor and consultant to Montgomery Securities, several global money management firms, a family office group and private investors.
Mr. Karetsky graduated from Yale University in 1966 with a BA in History and received an MBA in 1968 from the Columbia University Graduate School of Business. He serves on the Board of Directors of Harding, Loevner Funds, Inc., The Joseph Slifka Center for Jewish Life at Yale, St. Mary’s Foundation for Children and the American Jewish Historical Society. Mr. Karetsky and his wife Nancy, an attorney, reside in New York City.