Advent Taps Haber As COO

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.”


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...