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The ceo will retain previous responsibilities for the Illinois and Wisconsin markets until a successor is found.
The nine-member team will provide portfolio management, retirement planning, investment consulting and other wealth management services to nonprofits and private family foundations.
The plan approved transitioning to a new program manager in the third quarter as its previous provider was acquired earlier this year.
The university’s board of trustees voted to dissociate from 90 companies that are active in the thermal coal or tar sands segments of the fossil fuel industry in early September as part of its goal to achieve net-zero greenhouse gas emissions in its endowment.
The college savings plan will conduct searches for both investment consulting and 529 industry consulting services due to the April 2023 contract expirations of its incumbent providers.
The university is searching for a director of investments to help replace its deputy cio, who left this summer to join another university as its investment head to help launch an in-house investment office.
The organization hired an investment advisor in the third quarter following a search from late 2021.
The university will consider taking a more discretionary role in the management of its non-endowed portfolios.
The consulting firm is seeking long volatility and tail risk hedging managers on behalf of a $6 billion OPEB trust client.
The plan made the hire at a board meeting this week after reissuing an RFP for the second time this summer.