Advent Capital Management has appointed Scott Reid to the newly created position of chief of staff and strategy.
Based in New York, Reid (pictured) reports to Tracy Maitland, president, and is responsible for implementing synergistic strategies to further enhance the quality of all current and new investment strategies and ensure that Advent continues to maintain a world class investment platform.
Advent’s new investment initiatives will leverage the firm’s core expertise and institutional platform while also developing and introducing value added solutions that will seek to offer structural alpha and positive asymmetry.
“Given the rapidly evolving asset management industry, it’s important to face challenges and resulting opportunities head on and with the best talent available,” says Maitland. “Scott has a proven track record of adding value to his clients and we are confident he will help optimise our current strategies while also introducing innovative solutions in both the public and private markets.”
Reid brings a diverse asset management background to Advent, particularly in alternatives. Most recently, he served as a senior adviser to Thayer Street Partners, an early stage private growth capital firm.
Prior to Thayer Street, he was president of One East Partners where he was responsible for the business development and operational activities of the firm.
He also spent 10 years as a managing director and partner at Auda International where he led the firm’s hedge fund group and served as a member of the senior management committee. During his time at Auda, the firm experienced a period of significant productive growth while it introduced innovative value added solutions that met the requested return, risk and structural demands of its institutional and private clients.
“Scott brings the perspective of a seasoned allocator and a client-oriented approach which will further enhance our broad client experience,” Maitland adds.