Key Takeaways
- • Cresset Capital Management LLC, a multi-family office platform, announced Thursday the appointment of Joe Zidle as executive managing director and chief market strategist.
- • Zidle was formerly chief investment strategist at Blackstone and launched his own firm, Zidle Macro Strategy Group, following his 2025 departure from Blackstone.
- • Zidle spent nearly a decade at Merrill Lynch before Blackstone, including roles as head of investment strategy for global wealth management and deputy director of the firm's research investment committee.
- • The hire follows Cresset's earlier naming of Susie Cranston as CEO, with her April 15 promotion making founders Eric Becker and Avy Stein executive co-chairs.
Summary
Multi-family office platform Cresset Capital Management LLC announced Thursday the appointment of Joe Zidle as executive managing director and chief market strategist. Zidle, formerly chief investment strategist at Blackstone, launched his own firm, Zidle Macro Strategy Group, after leaving Blackstone in 2025.
Before joining Blackstone, Zidle spent nearly a decade at Merrill Lynch, serving in several research and strategy-related roles. These included head of investment strategy for global wealth management and deputy director of the firm's research investment committee. According to publisher descriptions, the newly created role has Zidle working alongside Cresset's investment and advisory teams on macroeconomics, asset allocation, and public and private markets, and leading the firm's market outlook.
In a statement, Zidle said Cresset "has built something distinctive by bringing together investment management, wealth planning, and family office capabilities around the needs of families, business owners, and entrepreneurs." Cresset CIO Mike Silverman said the firm is "building an investment platform designed around the complexity and long-term needs of ultra-high-net-worth families," and praised Zidle's experience across macroeconomics, asset allocation, and public and private markets.
The appointment comes amid leadership changes at the firm. Earlier this year, Cresset named Susie Cranston, who had been president since 2024, as CEO. With Cranston's April 15 promotion, founders Eric Becker and Avy Stein became executive co-chairs.
Before joining Blackstone, Zidle spent nearly a decade at Merrill Lynch, serving in several research and strategy-related roles. These included head of investment strategy for global wealth management and deputy director of the firm's research investment committee. According to publisher descriptions, the newly created role has Zidle working alongside Cresset's investment and advisory teams on macroeconomics, asset allocation, and public and private markets, and leading the firm's market outlook.
In a statement, Zidle said Cresset "has built something distinctive by bringing together investment management, wealth planning, and family office capabilities around the needs of families, business owners, and entrepreneurs." Cresset CIO Mike Silverman said the firm is "building an investment platform designed around the complexity and long-term needs of ultra-high-net-worth families," and praised Zidle's experience across macroeconomics, asset allocation, and public and private markets.
The appointment comes amid leadership changes at the firm. Earlier this year, Cresset named Susie Cranston, who had been president since 2024, as CEO. With Cranston's April 15 promotion, founders Eric Becker and Avy Stein became executive co-chairs.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.