Star Mountain Capital, a specialized investment manager, hired Peter Scaturro as senior advisor. Scaturro has 40+ years of banking, wealth management and financial services leadership experience at leading global financial institutions.
“We are excited to welcome Peter as an aligned senior advisor where we believe his extensive leadership experience across multiple cycles will benefit all of our stakeholders,” Brett Hickey, founder and CEO of Star Mountain Capital, said. “Peter’s extensive CEO, board and 40+ years of financial services experience will add value to our firm in many ways.”
“The lower middle-market provides a compelling market opportunity that I believe many investors haven’t yet benefitted from as a compelling complement to more traditional investment portfolios,” Scaturro said. “Star Mountain has developed what I believe to be a distinctive platform where I also value its culture of economic alignment with team and investors.”
Scaturro was most recently a partner in the global private client business of Goldman Sachs, where he oversaw the global private client business ($220 billion AUM; now Global Wealth Management). He was a member of the firmwide business practices committee and served on the investment management division operating committee.
Prior to Goldman Sachs, Scaturro was the CEO at U.S. Trust ($265 billion AUM) until its acquisition by Bank of America in 2007 for $3.3 billion. Before becoming CEO at U.S. Trust, Scaturro was the CEO of Citigroup Global Private Bank ($750 billion AUM), where he was responsible for 98 offices in 38 countries. He also served as a member of Citigroup’s management committee. During his tenure, the global private bank’s earnings more than doubled and had industry leading margins.
Earlier in his career, Scaturro was a partner at Bankers Trust (acquired by Deutsche Bank in 1999). Scaturro began his career in 1982 at Chase Manhattan Bank in New York City.
Scaturro received a Bachelor of Applied Science in engineering and a Master of Engineering from Columbia University.
Scaturro is currently a managing partner at Regenerative SportsCare Institute, a regenerative-medicine destination for non-surgical, interventional orthobiologic care in New York.
