Norma Corio
About Norma Corio
Independent director at AlTi Global, Inc. since 2023; age 64. Over 40 years in financial services, including 30 years at JPMorgan (Head of Restructuring; Treasurer during the 2008–2010 financial crisis), Co‑President at Miller Buckfire (2013–2014), CFO at American Express Global Business Travel (2014–2017), and Senior Managing Director at One Equity Partners (2018–2022). Education: BA in Economics (Le Moyne College) and MBA (Pace University). Current roles include public company directorships and committee leadership across audit and compensation domains .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| JPMorgan Chase & Co. | Head of Restructuring; Treasurer | 1982–2012 (various roles; treasurer during 2008–2010 crisis) | Led restructuring; managed firm treasury during crisis |
| Miller Buckfire (Stifel) | Co‑President | 2013–2014 | Senior leadership in restructuring advisory |
| American Express Global Business Travel (NYSE: GBTG) | Chief Financial Officer | 2014–2017 | Finance leadership at a public company affiliate |
| One Equity Partners | Senior Managing Director; Head of Capital Markets | 2018–2022 | Arranged debt financing; investment committee member; served on several portfolio company boards |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Finance of America Companies (NASDAQ: FOA) | Director; Chair of Audit Committee | Current | Audit Committee Chair |
| Cicor Technologies Ltd. (SIX: CICN) | Director | Current | Audit Committee member |
| Omni Environmental Solutions (Private) | Director; Chair of Audit Committee | Current | Audit oversight |
| Wood Technology, Inc. (Private) | Director; Chair of Compensation; Audit Committee member | Current | Compensation leadership; audit member |
| GO Acquisition Corp. (NYSE: GOAC) | Director | 2020–2022 | Audit Committee Chair; Nominating and Compensation Committee member |
Board Governance
- Independence: Determined independent under Nasdaq listing standards and SEC rules .
- Attendance: Board met 14 times in FY2024; all directors attended at least 75% of Board and committee meetings for periods served .
- Executive sessions: Independent directors meet at regularly scheduled executive sessions without management .
- Board leadership: Chair separate from CEO (Chair: Timothy Keaney; CEO: Michael Tiedemann) .
| Committee | Role | 2024 Meetings |
|---|---|---|
| Audit, Finance & Risk Committee | Member | 13 |
| Human Capital & Compensation Committee | Chair | 9 |
| ESG & Nominating Committee | Member | 4 |
Fixed Compensation
| Component | FY2023 | FY2024 |
|---|---|---|
| Fees Earned/Paid in Cash ($) | $60,000 | $122,500 |
| Stock Awards – Grant Date Fair Value ($) | — (no award held at FY2023 year‑end) | $217,350 |
| Total ($) | $60,000 | $339,850 |
Director cash retainer framework (non‑employee directors):
- Board service; committee service retainers; no per‑meeting fees. Audit Committee: Chair $20,000; Member $10,000. Compensation Committee: Chair $10,000; Member $5,000. ESG&N Committee: Chair $10,000; Member $5,000. Transaction Committee: Chair $10,000; Member $5,000. Equity grants typically ~ $110,000 annually, vesting at the earlier of the business day prior to next annual meeting or June 30 of the following year .
Performance Compensation
- Equity form and vesting: Annual restricted stock unit (RSU) grants for directors vest time‑based at the earlier of the business day prior to the next annual meeting or June 30 of the following year; no performance‑based metrics disclosed for director equity .
| Performance Metric | Applies to Director Compensation? |
|---|---|
| TSR/EBITDA/Revenue growth metrics | Not disclosed/applicable to director pay |
Other Directorships & Interlocks
- Current public boards: FOA (Audit Chair); Cicor (Audit member) .
- Committee interlocks: Company discloses no compensation committee interlocks; no executive officer cross‑appointments with entities having overlapping executives on AlTi’s Board or Compensation Committee .
Expertise & Qualifications
- Deep restructuring and treasury experience (JPMorgan Treasurer during the financial crisis) .
- CFO experience at a large, complex enterprise (GBTG) .
- Capital markets and financing expertise; investment committee experience (One Equity Partners) .
- Audit and compensation governance leadership across multiple boards (FOA Audit Chair; Wood Technology Comp Chair) .
- Education: BA Economics (Le Moyne), MBA (Pace) .
Equity Ownership
| Item | As of |
|---|---|
| Beneficial ownership – Class A shares | 40,676 (less than 1%) as of April 7, 2025 |
| Unvested RSUs (director) | 22,312.37 at FY2024 year‑end |
| Hedging/Pledging | Prohibited by insider trading policy (hedging, short sales, options; margin purchases and pledging prohibited) |
| Section 16 compliance | No late filings attributed to her in FY2024; late filings listed for other individuals/entities |
Shareholder Voting Signal (2024)
| Election (June 26, 2024) | Votes For | Withheld | Broker Non‑Votes |
|---|---|---|---|
| Norma Corio (Director) | 102,772,042 | 244,021 | 3,400,247 |
Governance Assessment
- Committee influence and effectiveness: As Compensation Committee Chair and member of Audit and ESG&N, Corio is positioned at the center of pay design, financial oversight, and governance policy—supportive of board effectiveness and investor confidence .
- Independence and engagement: Independent status with ≥75% attendance, and participation in executive sessions indicates robust oversight and engagement .
- Ownership alignment: Holds 40,676 shares and 22,312 unvested RSUs; modest personal stake but aligned via annual equity grants; hedging/pledging prohibitions enhance alignment .
- External roles and potential conflicts: Multiple external board roles in non‑overlapping sectors; Company discloses no related‑party transactions linked to Corio and no compensation committee interlocks—low conflict risk .
- Shareholder support: Strong “For” vote for her 2024 re‑election suggests investor confidence in her governance contributions .
- RED FLAGS: None indicated—no legal proceedings involving her; no pledging; no related‑party transactions; attendance above disclosure threshold .