Tuesday, 25 October 2016
Last updated 23 min ago
Apr 9 2014 | 11:24am ET
Advent Capital Management, the $8.3 billion New York-based asset manager, has appointed Kris T. Haber as chief operating officer.
Haber has more than 20 years of experience in the investment business, most recently as CEO of Presidio Capital Group which he co-founded to implement infrastructure and facilitate growth for small fund managers. Prior to that, he served as global head of absolute return strategies at Threadneedle Investments and president of Threadneedle Investments North America. Before that, he spent approximately 14 years at Lazard Asset Management, rising to managing director and head of alternative investments.
In his new role at Advent, Haber will oversee the firm’s business development, investor relations and risk management departments as well as firm strategy and execution. Haber will also serve as a member of the management committee and report to Tracy Maitland, Advent’s president and chief investment officer.
Haber succeeds Osbert Hood, the former chairman CEO of MacKay Shields, who came out of retirement mid-2012 to serve as Advent's COO and who will continue to work with Advent through May, serving in a consultative capacity thereafter.
“I am very excited to have Kris as a member of the Advent team," said Maitland in a statement. "With his exceptional track record in the investment field, he brings tremendous experience, unique insight and leadership that will make him an invaluable addition. Advent has experienced significant success in providing an array of investment solutions to its clients, resulting in our AUM growth. I am confident Kris will be an integral part of our firm’s continued momentum.”