#181: Fred DiSanto (Ancora) — Connecting Dots, Activist Investing, Mentorship, and Deal Making

Lay of The Land

Fred DiSanto, Chairman and CEO of Ancora — the Cleveland-based investment firm with nearly $10B in assets under management and over 100 employees — which he’s led since 2006!

Before Ancora, Fred had an expansive investing career, most recently overseeing investment management, private banking, and Trust and Banking Services at Fifth Third Bank. Fifth Third Bank acquired Maxus Investment Group in 2001, which previously merged with Gelfand Partners Asset Management back in 1997, where Fred served as Managing Partner.

Today, Fred sits on the boards of Ampco-Pittsburgh Corporation (AP), The Eastern Company (EML), and Regional Brands, Inc. (RGBD). He is the former Chair of the Board of Regents of St. Ignatius High School in Ohio City, the former Chair and current Trustee of the Greater Cleveland Sports Commission, and the current Chair of the Board of Trustees at Case Western Reserve University where he also earned his Bachelor’s and MBA!

This conversation is full of wisdom and amazing stories from Fred — we cover the influence of his competitive spirit, the business of activist investing — specifically exploring Fred’s approach through the lens of Ancora’s recent campaign to seat directors at Norfolk Southern in the wake of the catastrophic train derailment incident in East Palestine, Ohio — the lost of art of hand-written notes, lessons learned from his mentors, the power of employee ownership and incentives in driving behavior and outcomes, the importance of dot connecting, effective deal-making, and so much more!

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LINKS:
https://ancora.net/
https://www.linkedin.com/in/freddisanto/

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Past guests include Justin Bibb (Mayor of Cleveland), Pat Conway (Great Lakes Brewing), Steve Potash (OverDrive), Umberto P. Fedeli (The Fedeli Group), Lila Mills (Signal Cleveland), Stewart Kohl (The Riverside Company), Mitch Kroll (Findaway — Acquired by Spotify), and many more.

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