Victory Capital CEO Finds Home in San Antonio After Tough Philly Upbringing

David Brown helped secure major Spurs partnership after relocating company headquarters

Jan. 29, 2026 at 9:39pm

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The latest episode of Pickup Lines features Victory Capital CEO David Brown, who relocated to San Antonio in 2020 and helped secure a major naming-rights partnership with the San Antonio Spurs. Brown grew up in a divorced household in a tough area outside Philadelphia, but credits basketball with helping change the direction of his life. After earning his CPA and working at Ernst & Young, Brown joined Victory Capital in 2004 and has built a decades-long career there. When Victory Capital acquired USAA's investment management business, the company announced a headquarters relocation to San Antonio in 2019, and Brown moved in June 2020 during the pandemic.

Why it matters

This story highlights how a business leader's personal background and experiences can shape their professional journey and community involvement. Brown's tough upbringing in Philadelphia appears to have instilled values that guided his career path and led him to forge a strong connection with San Antonio through Victory Capital's partnership with the Spurs.

The details

As CEO of Victory Capital, Brown helped secure a major naming-rights partnership with the San Antonio Spurs after the company relocated its headquarters to the city in 2020. Brown credits basketball with keeping him on a positive path growing up in a divorced household in a tough Philadelphia suburb, saying the sport taught him discipline and kept him away from negative influences. After earning his CPA and working at Ernst & Young, Brown joined Victory Capital in 2004, expecting it to be a temporary role but ultimately building a decades-long career there. The headquarters move to San Antonio came after Victory Capital acquired USAA's investment management business.

  • Brown grew up in the Philadelphia area in a divorced household.
  • Brown earned his CPA and took a job at Ernst & Young after college.
  • Brown joined Victory Capital in 2004, expecting it to be a temporary role.
  • Victory Capital announced its headquarters relocation to San Antonio in November 2019.
  • Brown moved to San Antonio in June 2020, during the height of the COVID-19 pandemic.

The players

David Brown

The CEO of Victory Capital who relocated the company's headquarters to San Antonio in 2020 and helped secure a major naming-rights partnership with the San Antonio Spurs.

Victory Capital

An investment management firm that relocated its headquarters to San Antonio in 2020 after acquiring USAA's investment management business.

San Antonio Spurs

The professional basketball team that entered into a major naming-rights partnership with Victory Capital after the company relocated to San Antonio.

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What they’re saying

“I'm where I am because of my childhood, not in spite of my childhood.”

— David Brown, CEO, Victory Capital (ksat.com)

“It's time in the market, not timing the market.”

— David Brown, CEO, Victory Capital (ksat.com)

What’s next

The article does not mention any specific future newsworthy events related to this story.

The takeaway

This story demonstrates how a business leader's personal background and experiences can shape their professional journey and community involvement. Despite growing up in a tough environment, David Brown's focus on basketball helped him find a positive path, and his values have guided his leadership at Victory Capital, including the company's decision to relocate to San Antonio and partner with the Spurs.