CIM Group Expands Private Wealth Team With Weisenfeld Hire
As it continues to grow its private wealth group, CIM Group has added financial services veteran Paul Weisenfeld as head of national accounts. Weisenfeld will be based in New York.
With more than 30 years of experience in wealth management, asset management, and the development and distribution of both traditional and alternative investment products, Weisenfeld will lead CIM Group’s national accounts team in expanding the firm’s footprint in the private wealth space. In this new role, he will focus on cultivating and deepening key partnerships across wirehouses, broker-dealers, registered investment advisers, and independent financial advisers while driving product placement and spearheading strategic growth initiatives.
“I’m thrilled to join CIM Group, a forward-thinking firm that is committed to delivering value through partnership and innovation,” said Weisenfeld. “Returning to this space with the opportunity to lead an exceptional national accounts team during such a pivotal time is both inspiring and energizing. I look forward to leveraging my experience to drive growth and provide innovative solutions across real estate, infrastructure, and credit for our clients.”
Weisenfeld most recently served as senior relationship manager at Allspring Global Investments since 2021, where he amplified the newly independent firm, led distribution efforts around the launch of ETFs, and helped double sales three years in a row at a strategically important wealth management partner. Previously, he led the key accounts team at Wells Fargo Asset Management from 2020 to 2021 and held senior distribution roles at Legg Mason from 2018 to 2020, overseeing the firm’s largest wealth management partnership and launch of its first retail real estate alternative investment offering.
Earlier in his career, Weisenfeld was a partner at Perella Weinberg Partners from 2014 to 2018, where he launched and managed the intermediary asset management business. He also served as Managing Director at Morgan Stanley from 2009 to 2014, overseeing mutual funds, ETFs and 529 plans, and as COO of Investments at Citigroup Global Wealth Management. His career began with a focus on alternative investments, first as a lawyer and then at Smith Barney, ultimately leading its alternative investments business.
According to CIM Group, Weisenfeld’s appointment underscores its commitment to its private wealth group.
“Paul brings unmatched expertise and deep industry relationships that are essential in today’s complex wealth environment. His leadership as head of national accounts will be instrumental as we broaden our reach in delivering innovative solutions to our partners and clients,” said Barry Schanker, managing director, head of private wealth at CIM Group.
This spring, Matthew Borstein joined CIM Group as managing director, co-head of credit. Borstein has more than 25 years of experience across real estate investments, loans, securities, and hard assets with expertise in building and leading global credit platforms.
CIM Group is a community-focused real estate and infrastructure owner, operator, lender and developer. Since 1994, CIM has delivered more than $60 billion of essential real estate and infrastructure projects.
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