Stanley H. Reese
has left Zurich Scudder Investments
to join Silvercrest Asset Management Group
. He takes the title of managing director and chairman of the Investment Policy Committee at the money manager and will develop and maintain the firm's asset allocation and risk management policies.
Reese headed Zurich Scudder Investments' $15 billion, nine-office, Private Investment Counsel business focused on high-net worth families. His career at Scudder spanned 22 years.
"Wealthy individuals and their families require a very pro-active, customized methodology to investment management, not a mechanical, cookie cutter approach," said Silvercrest Chairman and Chief Executive Officer G. Moffett Cochran
At Scudder, Reese managed over $400 million in assets and re-focused the private client business on quantitative analysis of stock selection and portfolio optimization, which resulted in a 97% client retention rate.
"In looking at nearly 30 firms before making a final decision to join Silvercrest, I found this firm's focus on client needs, its collegial culture, its long-term investment record and its uncompromised dedication to service, to be closely aligned with my philosophy for the private client business," said Reese. Silvercrest is an independent investment advisory and financial services firm focused on family services to the affluent and select institutional investors.
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