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Consultant will assist in the administration of its 529 plans due to the upcoming contract expiration of its incumbent provider, which has been providing the services for more than a decade.
Foundation’s previous v.p. for finance and cfo transitioned to a new role as advisor to the cfo.
New CEO joined manager from security screening company Evolv Technology, where he served as cfo.
He first joined the consultant in 1999 as a senior research associate focused on domestic small-cap equity before leaving in 2003.
The transaction is expected to close in the third quarter, subject to customary closing conditions.
The purchased entity will operate under the buyer’s brand after the close, which is scheduled to occur by the end of June.
Letter was sent to colleges and universities including Harvard University, Yale University and Duke University, arguing that diversification in investment must not come at the expense of abetting human rights violations.
The plan will hear presentations on three private debt managers next month.
Plan received only one response to an RFP issued last month.
Plan is seeking an investment consultant to review its investment lineup and help conduct a bundled provider RFP in the next two years.