Atul Varma to Join Hamilton Lane as Chief Financial Officer and Treasurer

BALA CYNWYD, Pa., Jan. 02, 2020 (GLOBE NEWSWIRE) -- Hamilton Lane (NASDAQ:HLNE), a leading private markets asset management firm, today announced that Atul Varma will join the firm as Chief Financial Officer and Treasurer effective January 6^th. He will succeed Randy M. Stilman, who will be retiring from the role after 22 years. Stilman will remain at Hamilton Lane into 2020 to help ensure a smooth transition of his responsibilities.

Varma brings two decades of leadership experience in financial services to Hamilton Lane. He was most recently Head of Business Strategy and Chief Financial Officer of Wealth Management at The Bank of New York Mellon Corporation. Prior to joining BNY Mellon, Varma served as Chief Financial Officer of various divisions of Bank of America Corporation’s Global Wealth and Investment Management group and before that worked in corporate financial planning and analysis at Citigroup, Inc.  

He graduated from Binghamton University with a Bachelor of Science degree in Accounting and from Columbia University with a Master of Business Administration. In addition to his corporate experience, Varma holds several board seats, including at The Partnership, Inc., a nonprofit that promotes opportunities for people of color in the corporate world, and at the Leadership Board of the Beth Israel Lahey Health, a world-class teaching hospital affiliated with Harvard Medical School.

Hamilton Lane CEO Mario Giannini said, “Atul is an experienced senior financial officer whose expertise in finance, accounting and business strategy we think will benefit us greatly as our business continues to grow and evolve.”

Varma commented: “Hamilton Lane is a leader and innovator in private markets investing, and I'm thrilled to be part of the team helping to chart its future.”

Commenting on Stilman’s retirement, Giannini said, “Randy has spent the past 22 years dedicating himself to this firm.  He has been a terrific colleague and friend, and our employees, our Board of Directors and I are grateful to him for his long service and wish him the best.”  

About Hamilton Lane

Hamilton Lane (NASDAQ: HLNE) is a leading alternative investment management firm providing innovative private markets solutions to sophisticated investors around the world. Dedicated to private markets investing for 28 years, the firm currently employs approximately 390 professionals operating in offices throughout North America, Europe, Asia-Pacific, Latin America and the Middle East. Hamilton Lane has approximately $481 billion in assets under management and supervision, composed of approximately $66 billion in discretionary assets and more than $415 billion in advisory assets, as of September 30, 2019. Hamilton Lane offers a full range of investment products and services that enable clients to participate in the private markets asset class on a global and customized basis. For more information, please visit www.hamiltonlane.com or follow Hamilton Lane on Twitter: @hamilton_lane.