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 Sam Vecht: the best opportunities in frontier markets

Sam Vecht: the best opportunities in frontier markets

Blackrock's Vecht evaluates frontier markets and explains where he sees the opportunities

Play Where A-rated Pattullo is finding the best bond opportunities

Where A-rated Pattullo is finding the best bond opportunities

Henderson Global Investors head of retail fixed income explains how he is managing his fund against the surprise current monetary policy divergence.

1 Comment Play Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Our much anticpated new series is here! We hand a black cab driver a tenner and grill the manager of the 125-year Merchants trust until the meter runs out.    

Your Business: Cover Star Club

Profile: meet the duo at the heart of Hargreave Hale's succession plan

Profile: meet the duo at the heart of Hargreave Hale's succession plan

For the first time in the company's history a non-Hargreave is now at the head of the north west broker and asset manager

Wealth Manager on Twitter