AlTi Global, Inc. made significant financial and operational advancements during the fourth quarter of 2024. The company successfully repaid its BMO Credit Facility in December 2024, becoming effectively debt-free by the end of the period.
In late 2024, AlTi launched a comprehensive resource optimization program, including the implementation of Zero-Based Budgeting (ZBB). This rigorous, line-by-line review of expenses across all segments aims to cut unnecessary spending and reallocate resources to strategic priorities.
These initiatives are designed to create a leaner operating model and unlock greater operating leverage, with approximately $20 million in recurring annual gross savings across non-compensation expense categories anticipated to begin materializing in the second half of 2025. The company reported preliminary fourth quarter results on March 13, 2025, with combined assets at nearly $76 billion.
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