Company News
—   January 5, 2018

Vida Capital Announces Key Hires and Promotions

AUSTIN, TX  JANUARY 5, 2018 – Vida Capital Inc. (“Vida”), a multibillion-dollar alternative asset manager specializing in non-correlated investment strategies, announces the promotions of industry veterans Adam Meltzer as Managing Director, Asset Management and Clay Gibson as Managing Director, Policy Origination (Magna) and the hiring of both Fred Tavan as Managing Director, Portfolio Analytics and Scott Harris, Chief Marketing Officer. Along with the key hires and promotions, we are expanding our space and moving to downtown Austin.

Adam and Fred will report to Dan Young, Senior Managing Director, Asset Management. Clay and Scott will report to Dave Serra, President of Magna Life Settlements (“Magna”), a wholly owned subsidiary of Vida.

Dan Young, Senior Managing Director, said of the key hires, “We are excited to announce these new hires and promotions which will improve our focus and execution in both the secondary and tertiary markets to best serve the rigorous expectations of our changing investor base.”

Adam and Clay will each lead teams focused on their specific areas of expertise. Clay will manage all secondary policy acquisitions from direct and indirect sources for Magna and Adam will manage all tertiary policy acquisitions as well as policy servicing, optimization and trading across all of Vida managed assets.

Fred Tavan comes to Vida to head up our Risk Management and Portfolio Analytics team. Previously he was Chief Risk Officer of the Innovation Lab at Sun Life Financial, leading a team of senior Data Scientists, Doctors, Underwriters, and Actuaries. With more than 25 years of experience, Fred is an expert in external, internal, and capital market solutions in the longevity and mortality space that potentially optimize risk and return. He began his career at PricewaterhouseCoopers. Fred has a BASc in Electrical Engineering and a post-degree in Actuarial Science from University of Waterloo, ON.

Scott Harris comes to Vida and Magna as Chief Marketing Officer. With 20+ years of experience, Scott was Co-Founder/CEO of Social Factor. Scott previously served in marketing leadership with Premiere Global Services, Dell, Austin Ventures, and Merck. At Vida, Scott’s primary focus will be on developing materials and programs to increase awareness and educate policy owners and influencers of the potential benefits of accessing the life settlement market. He has a BS Engineering and a MBA from The University of Texas at Austin.

Vida believes there is a tremendous opportunity to increase awareness, especially in light of the recent tax reform law which raised the amount to be excluded from the federal estate tax, of policy owners who previously used insurance as an estate planning tool.

Jeff Serra, Vida Founder and CEO added, “Policy owners are rapidly recognizing life settlements as a compelling alternative to surrendering unwanted life insurance policies. For almost a decade, Vida has led the market in offering a fair market value to policy owners in every state while also delivering compelling returns to investors. With our new team members and changing responsibilities for some of our most experienced employees we hope to continue to serve the needs of our growing list of constituents.”

About Vida Capital Management

Founded in 2009 and headquartered in Austin, TX, Vida Capital is an institutional asset manager with over $2.6 billion of assets under management focused exclusively on providing longevity-contingent investment solutions to institutions and individual investors. Vida specializes in the structuring, servicing, financing, and management of life settlements, synthetic products, annuities, notes, and structured settlements. Vida’s senior management team has over 100 years of life settlements and life insurance experience and extensive knowledge of alternative investing. For more information, please visit

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