Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Reid Scott steps down as Stonehage Advisory chair

Reid Scott steps down as Stonehage Advisory chair

David Reid Scott is stepping down as chairman of Stonehage Advisory.

A spokesperson for the business said there was no 'direct replacement' for Reid Scott's role for the time being. He will become a senior adviser to Stonehage’s family office division after stepping down.

Andrew Nolan, managing director of the Stonehage Group and head of the family office division, said in a statement: 'David is a figurehead in corporate finance and has added enormous value to the advisory division at Stonehage.

'We’re sure he will continue to drive the growth of the business as a senior adviser to the family office division, which provides organisational structure to a variety of our clients’ complex needs.'

He joined in 2010,  following an eight-year period as chairman of Hawkpoint Partners. Previously,  he was a funding partner of Phoenix Securities, which was sold to Donaldson Lufkin Jenrette (DLJ). He then became vice chairman of DLJ and chairman of its international financial institutions practice.

Prior to this, he worked in London and New York for White Weld & Co, before becoming a senior adviser to the Saudi Arabian Monetary Agency.

Stonehage Advisory forms part of  the Stonehage Group, a multi family office with assets under administration in excess of $35 billion (£21.1 billion).

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Neil Gregson: gold is prettiest in ugly contest

Neil Gregson: gold is prettiest in ugly contest

The JP Morgan Natural Resource fund manager talks about the prospects for gold with plenty of uncertainty in the global economy.

Brewin's Gutteridge & Foster talk property with Standard Life's Baggaley

Brewin's Gutteridge & Foster talk property with Standard Life's Baggaley

Gutteridge and Foster discuss UK commercial property with Jason Baggaley, manager of the Standard Life Property Income investment trust

Brewin's Gutteridge asks Odey's Tim Bond two tough questions

Brewin's Gutteridge asks Odey's Tim Bond two tough questions

Gutteridge puts the heat on Odey's asset allocation maestro with a couple of tough questions.

Your Business: Cover Star Club

Profile: Creechurch Capital’s CEO on going the extra mile in a crowded market

Profile: Creechurch Capital’s CEO on going the extra mile in a crowded market

Growing a business is the main aim of many company owners but managing that growth in a controlled way is just as important

Wealth Manager on Twitter