ACG New York, the largest financial middle market non-profit association and largest chapter of ACG Global, announced that Executive Director Robert (Bobby) Blumenfeld will be departing to pursue new business opportunities effective August 31, 2019.

Blumenfeld joined ACG New York in 2000 when it was a small chapter of ACG Global. In 2004, he became Volunteer-President for six years, and in 2010 became the first full-time Executive Director of ACG New York.

“From the onset, my focus has been on the strategic development and creation of a platform for the middle market community where professionals would benefit from increased deal flow, middle market knowledge, and long-term business relationships. The success and growth of ACG New York has rewarded me with great pride and accomplishment,” Blumenfeld said. “I leave ACG New York knowing that ACG leadership and committee volunteers will continue to build upon the strong foundation that has been created.”

During his leadership, Blumenfeld led the growth of the association from 175 members to over 1,100, and increased annual programming from nine events to 65, with over 7,500 middle market professionals attending. Additionally, he was instrumental in the creation of ACG Cares, increasing inclusion in the middle market, development of the ACG University-New York program in conjunction with Fordham University, and creation of Middle Market Week.

“On behalf of the ACG New York Board and its members, I would like to thank Bobby for his dedication and exemplary work that helped make ACG New York into the successful middle market networking association, it is today,” said David Acharya, President of ACG New York and Partner at AGI Partners.

Adds David Hellier, ACG New York Chairperson and Partner at Bertram Capital, “Bobby Blumenfeld has made a lasting contribution to ACG New York through his leadership, his focus on driving membership growth and involvement, and guiding the New York chapter to be regarded as an innovative leader among all ACG chapters,” “We thank Bobby for his years of dedication on behalf of the New York and the Global Middle Market industry, and in wishing him future success.”

The Board has named a committee to lead the search for the next leader of ACG New York, headed by Marcia Nelson, ACG New York Executive Vice President and Managing Director at Alberleen Family Office Solutions.