NEW YORK, October 6, 2021 – Trident, an institutional asset manager that utilizes proprietary technology and a systematic approach to invest in high potential small businesses in the Healthcare, Consumer and Industrial sectors, today announced that Aron Betru has joined as Chief Strategic Officer and Chief Operating Officer.
Mr. Betru leads Trident’s strategy and operations work for both Trident and the small businesses the firm invests in. Previously, Mr. Betru was the Managing Director for the Milken Institute Center for Financial Markets, leading the Institute’s Access to Capital, Capital for Innovation, and strategic innovative financing initiatives to enhance social impact in the U.S. and in developing economies. He was also a member of the steering group for the Blended Finance TaskForce launched by the Business & Sustainable Development Commission, and co-chaired the Partnership for Lending in Underserved Markets, a joint Milken Institute and U.S. Small Business Administration initiative.
“Aron Betru brings years of successful experience in innovative finance and diversity in financial services,” said Eric Taylor, CEO of Trident. “Trident’s team is a key driver in our success as a firm, and Aron’s track record of excellence will be instrumental in ensuring that our investments maintain a high caliber of both commercial returns and social outcomes. We look forward to working with Aron as we continue our mission of investing in small businesses and doing well while doing good.”
“21st-century asset management will be the perfect mix of not only differentiated alpha and commercial investment opportunities, but also intentional commitment to ESG and impact. By leveraging technology to do this at scale, Trident is committed to being an industry leader on this front,” said Mr. Betru. “In a post-COVID world, with heightened awareness of the need to unlock sustainable economics for both investors and communities, leaning in on diversity as an alpha generator is a must. I am thrilled to be a part of the Trident team and can’t wait to work with our small businesses and surrounding communities.”
Prior to Milken, Mr. Betru was co-founder and CEO of Financing for Development and held international development roles at the United Nations Foundation, TechnoServe and Dalberg Global Development Advisors, and has had private sector experience at McKinsey & Co. and Goldman Sachs. Mr. Betru is a member of the Board of Directors for Calvert Impact Capital, FHI 360 and National Bankers Community Alliance, as well as a Senior Advisory for Milken Institute, Wells Fargo MDI Investment Committee, and Financial Health Network Financial Solutions Lab. He holds an MBA from Columbia University, an MA from Johns Hopkins SAIS, and a BA in Economics and International Studies from Northwestern University.