G. Scott Clemons Managing Director
New York

Scott Clemons joined Brown Brothers Harriman in 1990 and has held a variety of investment roles at the firm since that time. His career began in international equities, where he was an analyst and portfolio manager of European and Asian equities, working out of the firm’s New York and London offices throughout the 1990s. In 2001 he broadened his responsibilities into domestic equity management and research, and from 2005 through 2010, he managed the New York office of the firm’s Wealth Management business. Mr. Clemons was appointed Chief Investment Strategist in 2010 and is today one of the firm’s primary writers and speakers on topics related to the economy, financial markets and investing. Mr. Clemons is a Chartered Financial Analyst and a member of the New York Society of Security Analysts and the CFA Institute. Outside of his professional interests, he serves on advisory boards at the Morgan Library and Museum in New York and the Getty Research Institute in Los Angeles. He is a director of the Grolier Club in New York and chairs the Friends of the Princeton University Library. Scott also serves on the Board of Directors of the Research Corporation for Science Advancement, the oldest foundation in the United States dedicated to basic scientific research. Born and raised in Florida, he is a magna cum laude graduate (Classics) of Princeton University.

Market Commentary

Weighing the Risks and Opportunities: Corporate Earnings, Margins and Valuations

Chief Investment Strategist Scott Clemons and Thomas Martin, a member of our Investment Strategy team, examine the drivers of the U.S. equity market rally, current valuations and the risks facing continued market growth.
Quarter 2 2013

And We’re Off…

Chief Investment Strategist Scott Clemons reviews recent tax law changes, political activity, the economy and markets in the first quarter of 2013.
Quarter 2 2013

A Busy Week in Politics

Wealth Management Chief Investment Strategist Scott Clemons discusses Congress' passage of the new Continuing Resolution, which funds government operations through September 30, as well as the 2014 budget proposals.
March 2013

March FOMC Meeting

Wealth Management Chief Investment Strategist Scott Clemons discusses the recent Federal Open Market Committee meeting which covered the health of the economy and the continuation of easy monetary policy.
March 2013

All You Ever Wanted to Know About Cyprus

Wealth Management Chief Investment Strategist Scott Clemons discusses the Cypriot banking crisis, as well as the European Union bailout proposal.
March 2013

Turning Corners

Wealth Management Chief Investment Strategist Scott Clemons discusses the drivers of GDP and factors that have contributed to growth in the current economic cycle.
February 2013

BBH Wealth Management Webinar: What's In Store For The Next Four Years?

Wealth Management Chief Investment Strategist Scott Clemons leads a quarterly webinar series in which he provides an outlook on the global economy and financial markets, as well as how BBH is continuing to uphold our principles of investing.
January 2013

What We Believe: BBH’s Principles of Investing

Chief Investment Strategist Scott Clemons and Chief Investment Officer Michael Kim detail BBH’s principles of investing and how to apply them in practice.
Quarter 1 2013

2012: The Year in Review

Chief Investment Strategist Scott Clemons reviews the markets over 2012 and discusses the performance of various asset classes, the American Taxpayer Relief Act of 2012, the debt ceiling and monetary policy, among other topics.
Quarter 1 2013

Let's Make a Deal

Wealth Management Chief Investment Strategist Scott Clemons outlines the key elements of the American Taxpayer Relief Act of 2012 as well as what unresolved fiscal issues remain for 2013. While the full impact of the Fiscal Cliff has been averted, more difficult issues remain and key debates on entitlement spending and raising the debt ceiling will be front and center on the legislative agenda for the 113th Congress.
January 2013

BBH Investors Roundtable

Chief Investment Strategist Scott Clemons leads a “roundtable” discussion featuring some of our most thoughtful professionals at BBH. Participants in the discussion cover a range of topics including taxes, interest rates, concerns for business owners, Europe, China, energy and housing.
Quarter 4 2012

Slip Slidin' Away

In the hours leading up to the Fiscal Cliff deadline, Scott Clemons writes a piece on the implications of going over the cliff.
December 2012

Climbing the Wall of Worry

Chief Investment Strategist Scott Clemons discusses the markets over the recent quarter, focusing on the actions of the Fed and other central banks, as well as the strength of corporate earnings.
Quarter 4 2012

Why Bad Decisions Happen to Good People: Investment Implications of Behavioral Finance

Chief Investment Strategist, Scott Clemons, provides an introduction to the fascinating field of behavioral finance in the feature article, and the implications of behavioral biases throughout the investment world are a common thread in several of this issue’s articles. In early July, Scott had the chance to talk with Yale professor Robert Shiller about the macroeconomic consequences of behavioral biases, and excerpts from their conversation follow the feature article.
Quarter 3 2012

The Dog Days Of Summer

Chief Investment Strategist, Scott Clemons, reviews the ups and downs of the markets over the recent quarters and discusses how housing, the actions of the E.U., and Chinese growth have factored into that. Clemons also delves into the looming "fiscal cliff" facing the U.S., which could have serious implications on the markets in the future.
Quarter 3 2012

Seasons of Change

Chief Investment Strategist, Scott Clemons, reviews the ups and downs of the markets over the recent quarters, and discusses how political action and inaction at home and abroad has factored into that.
Quarter 2 2012

2011: The Year in Review

Equity markets ended 2011 on a strong note. As the economic concerns of the third quarter waned, the large cap S&P 500 index rallied 11.8% and regained all of the ground lost earlier in the year to end 2011 almost exactly flat with the prior year. By G. Scott Clemons, CFA
Quarter 1 2012

Markets: Déjà vu All Over Again?

Markets: Déjà vu All Over Again? If the past few months triggered in you a foreboding sense of déjà vu all over again, the reaction would certainly be understandable. Market sentiment has recently felt a little too much like 2008-09, as investors reacted to a volatile litany of economic data and events during the third quarter. By G. Scott Clemons, CFA
Quarter 4 2011

Debt Crisis Averted, or Prolonged?

Debt Crisis Averted, or Prolonged? August 2011 The events of last week, which culminated in Standard and Poor's decision Friday night to lower its rating on U.S. sovereign debt from AAA to AA+, confirm our assertion that the debt crisis has only just begun. By G. Scott Clemons, CFA
August 2011

The Markets: Canaries in a Coal Mine

The U.S. economy quietly passed an important milestone in the fourth quarter of 2010, as Gross Domestic Product (GDP) recovered all of the ground lost during the economic downturn to achieve a new high point, in nominal as well as inflation-adjusted terms. In other words, not only is the Great Recession over, so is the recovery. By G. Scott Clemons.
Quarter 3 2011

Reflections on Investing from the Courthouse Steps

Last week a jury in a federal courtroom in lower Manhattan found Galleon hedge fund manager Raj Rajaratnam guilty on 14 counts of insider trading. Over the course of the eight-week trial jurors heard numerous recordings of insiders at companies. By G. Scott Clemons, CFA
May 2011

An Initial Analysis of the Tohoku Earthquake

Ever since one of the largest recorded earthquakes in human history occurred off the coast of Japan a little over a week ago the world has watched with alarm and even disbelief at the litany of disaster which has struck that nation. By G. Scott Clemons, CFA
March 2011