Wealth Manager - the site for professional investment managers

Register to get unlimited access to 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 Picton: the UK property hotspots for rental income

Picton: the UK property hotspots for rental income

Picton Property Income CEO Michael Morris reveals how he is planning to ride the ‘ripple effect’ as UK economic growth spills out from the capital across the country.

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

This week Brewin Dolphin's head of research talks to Mike Riddell, fund manager at Allianz Global Investors, about the forces driving bonds markets in a tumultuous week for markets.

Play Henderson's Hermon: how to be defensive in smaller caps

Henderson's Hermon: how to be defensive in smaller caps

Hermon, who manages the Henderson Smaller Companies trust, talks about he will tackle a 'challenging' 2016.

Your Business: Cover Star Club

Profile: 'what we are doing at Mosaic is Darwinian'

Profile: 'what we are doing at Mosaic is Darwinian'

The changes in financial services over the last few years may leave some destitute warns Marco Sambucci of Mosaic Money Management

Wealth Manager on Twitter