Advocate Capital senior management team has decades of first-hand institutional experience in risk management.

Advocate Senior Management Profile Deep Understanding of Market Risk

Scott Peng, PhD

Founder & CEO/CIO

Scott has more than 25 years of investment experience on both the sell-side and buy-side. Prior to founding Advocate, he was head of Portfolio Solutions at Secor Asset Management. Scott was previously a Managing Director and Head of the Portfolio Solutions Group at Credit Suisse and has held a variety of senior portfolio management, trading, strategy and risk advisory positions at firms such as BlackRock, Citigroup, and Oak Hill.

Scott is co-author of the book The Structured Note Market (McGraw-Hill) and has published extensively on global capital markets. During the Global Financial Crisis, his analysis of interest rate market anomalies resulted in the article "Is LIBOR Broken?" which was featured on page one of the Wall Street Journal (April 16, 2008) and led to the global investigations into LIBOR that continue to this day. Scott holds a PhD in Applied Plasma Physics from the Massachusetts Institute of Technology and received his B.S. in Nuclear Engineering from Texas A&M University.

Richard Shea, JD


Richard brings over 30 years of experience in managing investment operations, trading and structuring complex financial products. Previously, Richard was a Managing Director and Global Head of Real Estate Capital Markets at BlackRock Inc. During his 19 years at BlackRock he was a Co-founder, Chief Financial Officer and Chief Operating Officer of their commercial real estate high yield debt group.

Prior to establishing the real estate debt operation, he was a co-manager of ten fixed income mutual funds. Before joining BlackRock Richard was a tax lawyer focusing on investment products and tax advantaged investments. Richard holds a JD from the New York Law School and received his B.S. in Accounting from SUNY Plattsburgh.