The new CIO previously worked at another family office in the US for 12 years.

AdCap, a family office based in Cleveland, Ohio, has appointed Chaya Slain as chief investment officer. She previously worked at another family office, Parkwood, from 2007 to earlier this month.

Slain was a director at Parkwood, according to her public profile. Prior to this, she was an associate at Goldman Sachs from 1998 to 2003.

The family office was founded and is now headed by entrepreneur Joel Adelman. According to his public profile, Adelman created Advance Partners in 1998 to bring funding, technology and advisory services to small businesses in the staffing market. He sold that business in 2015. Other roles also include chairmanship of YPO Family Office Principal Group.