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Janney Montgomery Scott announced that President Tony Miller will also take on the mantle of CEO, succeeding Tim Scheve, who will join the firm's board of managers as an independent director.
Scheve served as Janney’s president and CEO from 2007 to 2023. According to his LinkedIn profile, he overhauled the firm’s executive team, streamlined direct reports, and established its executive leadership program. As president, Scheve was actively involved in the firm’s acquisition activities and helped build a digital onboarding platform for its clients.
Miller has been with Janney since 2005, according to BrokerCheck. He assumed the role of chief administrative officer in 2013, according to his LinkedIn profile, and became the interim president of Janney in January 2023 before being promoted to president in October 2023.
Miller will be responsible for overseeing Janney’s services to high-net-worth individuals, families, and businesses and its reported $150B in assets under advisement.
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