SCS Financial Appoints Lane MacDonald as Chief Investment Officer

NEW YORK--(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.