Axos Hires RIA Pro from Goldman Sachs

By Chris Glynn

Custodian provider Axos Advisor Services has hired sales leader Eugene “Gino” DeRango from Goldman Sachs & Company, according to a press release.


Axos Advisor named DeRango senior vice president, national sales manager, and he will develop and lead client acquisition, the company said.


Mike Watson, senior vice president and head of RIA for Axos Advisor called DeRango “a seasoned senior executive with an outstanding leadership track record throughout his career.”


He went on to note DeRango is indicative of “our commitment to growing our RIA custody platform.”


DeRango joined Goldman Sachs after the multinational investment bank and financial services firm broke into the registered investment advisor (RIA) custodian business last summer.


As RIA custodian, Goldman Sachs signed Steward Partners – a Washington, D.C., investment advisor managing $20 billion – in June 2021. A year earlier, Goldman Sachs launched its official RIA custodian business with the acquisition of Virginia broker-dealer Folio Financial.


The company opened Goldman Sachs Personal Financial Management – its private wealth division – in 2019. 


DeRango is based in Chicago and began working in finance in 2000. He spent the bulk of his investment career with TD Ameritrade Institutional, where he rose to managing director of institutional sales.


DeRango graduated from Loyola University Chicago before gaining his MBA from Creighton University Heider College of Business.