LA Promise Fund Co-Chair of the Board
Stephen Prough is a Founder of Salem Partners and Salem Partners Wealth Management. In addition to his management responsibilities for Salem Partners’ two main businesses, Prough oversees the firm’s media and entertainment investment banking practice, focusing primarily on mergers and acquisitions advisory services. Prough serves on the investment committees of Salem Partners Wealth Management and SW Contego, a fund of hedge funds established by Salem Partners Wealth Management in 2008. Prior to Salem Partners, Prough was a Vice President in the Media and Communications Investment Banking Group of Furman Selz.
Prough also serves on the Critical Mass Studios Inc. Board of Directors, the Professional Advisory Counsel of the Motion Picture and Television Fund, the Berti Prough Family Foundation Board, and was appointed in September 2019 by the Governor to the CalSavers Retirement Savings Board.
Prough is a graduate of Harvard College, where he majored in Government and was a Harvard Scholar.