Encyclopedia · Biography

Glenn August

American investor and founder/chief executive of Oak Hill Advisors, named as a minority investor in Cantor Fitzgerald’s May 2025 succession plan.

History and structure

Glenn August built his investment-management career at Oak Hill Advisors. Professional biographies and the Cantor announcement describe his leadership at that firm.

Current documented status

Cantor announced in May 2025 that August would join 26North’s minority investor group as an investor in Cantor Fitzgerald ownership. A proposed minority stake should not be described as operational control, and any eventual closing should be verified separately.

Education and investment career

August earned a bachelor's degree in industrial and labor relations from Cornell University and an M.B.A. from Harvard Business School. He worked for Morgan Stanley in New York and London before co-founding the predecessor of Oak Hill Advisors in 1987. He assumed responsibility for its credit and distressed-investment activities in 1990 and became its chief executive in 1999.

Oak Hill Advisors was acquired by T. Rowe Price Group in 2021 and operates as a standalone business within that company. August has served as a director of T. Rowe Price and held nonprofit board roles with Mount Sinai Medical Center, the Partnership for New York City and Horace Mann School. Cantor Fitzgerald's May 2025 announcement named August as an outside minority investor in its ownership transition; it did not place him in the Lutnick family trusts or make him Cantor's chief executive.

References

1. https://www.cantor.com/cantor-fitzgerald-announces-next-generation-of-ownership/
2. https://investors.troweprice.com/board-directors/glenn-august