SCS Financial Appoints Lane MacDonald as Chief Investment Officer
24 Junio 2024 - 7:15AM
Business Wire
SCS Financial, a leading wealth and investment management firm
for ultra-high-net-worth families and institutions and part of
Focus Financial Partners, today announced the appointment of Lane
MacDonald to the role of Chief Investment Officer (CIO) and Chair
of the SCS Investment Committee, effective July 1. Mr. MacDonald is
an esteemed financial services leader with nearly three decades of
experience in advising clients and investment teams, and his
appointment as CIO marks SCS’ latest step in growing and enhancing
its investment platform, and the leadership behind it, to benefit
the firm’s clients.
Based in Boston, Mr. MacDonald will leverage the breadth of his
investment expertise to lead the development, execution, and
oversight of the firm’s investment strategies, including in the
areas of asset allocation and tactical adjustments, portfolio
construction, manager selection, due diligence, and bolstering SCS’
existing suite of offerings. Additionally, he will oversee a team
of roughly 20 investment professionals across asset classes.
“Lane is an immensely talented and respected leader who’s built
a reputation for delivering outstanding results, and we are
thrilled to welcome him,” said Tony Abbiati, Co-Founder and Chief
Executive Officer of SCS. “As we continue to deepen the power of
SCS’ investment platform, Lane will be instrumental in
strengthening our capabilities and further enhancing our investment
strategies and philosophies.”
In addition to serving as CIO and Chair of the SCS Investment
Committee, Mr. MacDonald will become a member of SCS’ Management
Committee and be responsible for helping to shape the firm’s
broader vision and strategy. In doing so, he will work closely with
firm leaders across all areas as well as with Focus leadership.
“I’m excited to join the SCS team and seize on this opportunity
to drive the firm’s global investment, portfolio, and asset
management allocation strategies and initiatives,” said Mr.
MacDonald. “I look forward to being a part of a dynamic, integrated
organization and to collaborating with teams across SCS to drive
further progress and meaningful results for our clients.”
Mr. MacDonald joins SCS from FMR Diversified Investments where
he managed the investment portfolio for the owners of Fidelity. In
that role, he served as President and CIO, leading the investment
team’s efforts across all asset classes including private equity,
public equity, natural resources, and real estate. Prior to FMR,
Mr. MacDonald held various leadership roles for Harvard Management
Company, including serving as head of the private equity team and
previously as head of the public market team that each oversaw more
than $7 billion of investments globally.
Mr. MacDonald graduated with honors from Harvard College with a
bachelor’s degree in economics and received his MBA from the
Stanford University Graduate School of Business. Formerly, Mr.
MacDonald was a professional hockey player who competed in the 1988
Olympic Games in Calgary and was inducted into the United States
Hockey Hall of Fame in 2005.
About SCS Financial
SCS is a leading wealth and investment management firm that
focuses on ultra-high net worth families and institutions. SCS
offers fee-based expert advice that helps wealthy families feel
secure and confident in their financial futures. Full services
encompass critical areas, including financial planning and
investment management. SCS prides itself on its steadfast
client-focused approach, and all clients benefit from its honesty
in helping them pursue their personal objectives. For more
information about SCS, please visit www.scsfinancial.com.
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