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Deals & People June 13, 2011
Scott and Giolitti Join Wurts & Associates
Seattle-based Wurts & Associates selected Jeffrey Scott as Chief Investment Officer and Max Giolitti as Director of Risk Allocation.
Reported by PLANADVISER staff
Scott has served as CIO of the Alaska Permanent Fund for nearly three years, and has more than twenty years of investment experience. He previously acted as Assistant Treasurer at Microsoft, where he worked with Giolitti, then the Director of Quantitative Analysis. The two recently worked together again after Scott was selected to be the CIO for the APFC, where Giolitti was the Director of Asset Allocation and Risk, in 2008.
Scott will continue with the APFC through early August and officially join Wurts & Associates shortly thereafter. He will focus on leading the investment professionals and managing the company’s discretionary business. Giolitti will support the consulting team and the implementation of risk management solutions for discretionary clients.
“We are thrilled to have Jeff and Max join Wurts & Associates,” said Wurts CEO, Jeff MacLean. “Conventional wisdom needs to be challenged in how we allocate assets and manage risk in portfolios. Jeff’s well established background and thought leadership will help Wurts & Associates redefine how institutional investors should allocate their assets relative to liabilities and objectives.”