Palisade Mourns Loss of Partner Frank Galdi

With deep sadness, we share the news of the tragic passing of our Partner and dear friend, Frank O. Galdi, on February 1, 2026.

Our thoughts and prayers are with Frank’s family—especially his wife, Angie, and his daughters, Olivia and Christina—as well as Frank’s extended family, many of whom we have come to know over the years. Frank was not only a respected leader at Palisade, but also a trusted colleague and dear friend whose impact on our firm and culture will be felt for years to come.

Frank was a valued member of Palisade’s team for more than a decade. Although he had recently been on personal leave from the firm, Frank’s contributions since joining Palisade in 2014 were significant. Frank was a mentor to many, a thoughtful and dedicated professional, and a colleague who consistently held himself and those around him to the highest standards. He worked tirelessly on behalf of the firm and its clients and had a remarkable ability to connect with people with warmth, humility, and sincerity.

Frank’s career reflected both intellectual rigor and deep integrity. He earned his M.B.A. in Finance and his B.A. in Accounting from the Lubin School of Business at Pace University. He began his career at Metropolitan Life Insurance Company before joining Bear Stearns & Co., where he became a Managing Director and Principal. He later joined New York Life Insurance Company’s wealth management division, serving in senior leadership roles including Vice President, Head of Investment Strategy and Risk Management, and Chairman of the Investment Committee, with responsibility for risk oversight and investment due diligence.

Frank initially joined Palisade as Chief Risk Officer and was subsequently named Deputy Chief Investment Officer. In recognition of his leadership and meaningful contributions, he became a Partner in 2023 as part of Palisade’s first class of new equity holders since the firm’s founding in 1995.

At Palisade, Frank had overall responsibility for the firm’s risk management framework, performance measurement and analytics, and due diligence related to new investment strategies and strategic initiatives. Under Frank’s leadership, the firm’s risk management team was significantly enhanced to include longstanding Palisade employee Jonathan Masarof, Senior Vice President, Risk Management & Portfolio Analytics, and, in 2018, Amrita Thapa, CFA, Managing Director, Risk Management and Client Solutions, with whom Frank had previously worked at New York Life Insurance Company’s wealth management division.

Amrita Thapa, CFA works closely with senior leadership across the firm to identify and assess risk at both the portfolio and business levels. She has been deeply involved in these responsibilities for several years. Jonathan Masarof has been with Palisade for over 15 years and has extensive experience managing and enhancing the firm’s analytics and reporting infrastructure. In line with our long-standing succession plan, Jonathan and Amrita will continue in their roles and report directly to Dan Veru, Palisade’s Senior Partner and Chief Investment Officer. Firmwide business risk continues to be evaluated by senior management and is regularly reviewed by Palisade’s Operating Committee.

We remain committed to serving our clients with the same care, discipline, and integrity that Frank exemplified throughout his career. For those who wish to share condolences or memories of Frank, we have established a dedicated email address at condolences@palcap.com.