Debra Xu

Published On

May 18, 2015

Published In

Press Release

Marketing Executive Barbara Goodstein Named President and CEO of TIGER 21 Holdings, which includes premier network of learning groups for high-net-worth investors and successful lifestyle company, Magnolia Purchasing Advisors; TIGER 21 now counts more than 325 Members with over $30 billion in personal net worth

New York (May 18, 2015) – TIGER 21, the premier network of learning groups for high-net-worth investors, has formed a new holding company structure to house both its flagship membership operations, and its fast growing purchasing advisory services unit for Members and non-members alike.

TIGER 21 Holdings has been created to continue fostering the accelerating growth that TIGER 21 has experienced in recent years. The new parent will also contain Magnolia Purchasing Advisors, the TIGER 21 unit created to help Members purchase a broad array of high ticket or critical products and services, including insurance, aviation charter and purchase, artwork, automobiles and other collectibles.

Joining TIGER 21 Holdings as president and CEO is Barbara Goodstein, a longtime marketing and management executive now tasked with further building both divisions to better serve Members and non-member clients. Ms. Goodstein will work with the current teams of both groups, including Jonathan Kempner, president of TIGER 21 and Clay Speakman, president of Magnolia Purchasing Advisors, to maximize the potential to grow and expand services.

“TIGER 21’s recent growth has allowed us to expand our sights, and I am excited to have Barbara partner with me to focus on and seize the opportunities that our success has created. Our goal is to deepen the Member experience as we continue to enhance the value we deliver to our Members. Barbara has implemented highly successful development strategies in her other senior leadership roles and we are certain that she will be able to do the same for us,” said Michael Sonnenfeldt, founder and Chairman of TIGER 21.

Goodstein has more than 25 years experience building businesses for companies including American Express, Instinet.com, and JPMorgan Chase. She served as Chief Marketing Officer for AXA Equitable, and most recently Vonage Holdings Corp. (NYSE: VG). Goodstein also sits on the Board of investment management company Manning and Napier (MN:NYSE).

“Barbara’s unique background positions her to lead our efforts to expand our businesses. The success of TIGER 21, and the trajectory of Magnolia have confirmed that these businesses warrant the fulltime attention of a senior leader who can cultivate the synergies between the two and develop additional opportunities for overall growth, whether through innovation or acquisition,” added Sonnenfeldt.

TIGER 21 was founded in 1999 with an initial roster of New York-based entrepreneurs who had recently sold their businesses and were seeking to leverage their shared knowledge and learn from each other’s successes and mistakes. Since then, it has grown into a formidable international network of investor intelligence, with groups in 18 major cities throughout North America.

“Under the leadership of Jonathan Kempner as President, TIGER 21 has enjoyed record growth over the past five years and now has more than 325 Members with over $30 Billion of combined personal investable assets. We look forward to Jonathan’s continued leadership at TIGER 21. He has brought a steady hand during his tenure, and conceived the idea for our annual Members Only conference — which is now considered our signature event. It has been a huge success in helping TIGER 21 to evolve. Barbara, Jonathan and I will now function as the leadership team at TIGER 21 as we seek to grow well beyond our current size and geography,” Sonnenfeldt said.

Magnolia Purchasing Advisors was formed in 2012 to leverage the combined buying power of TIGER 21 Memberswhen purchasing high ticket and critical products and services. In the last year, Magnolia has expanded its mission to begin serving high-net-worth clients beyond TIGER 21’s base, and is about to complete its thousandth transaction. Magnolia’s offerings include an innovative Flex Aviation service, special purchasing options on luxury automobiles, and a best-in-class umbrella liability insurance group policy with over $3 Billion of coverage in place.

“I am excited to be leading TIGER 21 Holdings at a time of tremendous opportunity for TIGER 21 and Magnolia” said Goodstein. “TIGER 21 has built a community of extraordinary Members and we want to find new and exciting ways to serve them, as we accelerate our growth in the coming years. We have a team of talented executives and I look forward to helping build upon their accomplishments as we explore new avenues for growth, which I expect will be achieved both organically, and through acquisition.”

About TIGER 21:TIGER 21 (The Investment Group for Enhanced Results in the 21st Century) is North America’s premier peer‚Äêto‚Äêpeer learning network for high‚Äênet‚Äêworth investors. TIGER 21’s over 325 Members collectively manage more than $85 billion in total assets of which $30 billion represents the combined net worth of the Membership, while the balance represents assets managed by Members through real estate and investment funds or partnerships for others. Its Members are entrepreneurs, investors and top executives. TIGER 21 focuses on improving investment acumen as well as exploring common issues of wealth preservation, estate planning and family dynamics beyond finance. Founded in 1999, TIGER 21 is headquartered in New York City and has groups in Atlanta, Austin, Boston, Chicago, Dallas, Los Angeles, Miami, New York, Palm Beach, San Diego, San Francisco, Seattle, Tysons Corner, VA, and Washington, DC as well as Canadian groups in Calgary, Montreal, Toronto, and Vancouver. More information can be found at www.tiger21.com.


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