Friday, 28 April 2017
Last updated 5 hours ago
Apr 27 2016 | 6:50pm ET
Wilshire Consulting, the institutional advisory and consulting unit of Wilshire Associates, has named Mark Brubaker head of its outsourced chief investment officer business.
Brubaker’s appointment is effective immediately, according to the company. Already a managing director for parent firm Wilshire Associates, Brubaker has played a key role in growing the firm’s discretionary advisory business, and his new role as head of the OCIO business formalizes his role and responsibilities, Wilshire said.
“Mark has been instrumental in building our team, structure and procedures critical for effectively executing numerous aspects of managing an outsourced CIO practice,” said Andrew Junkin, president of Wilshire Consulting, in a statement. “Mark’s unique skills, exceptional experience and demonstrated leadership have us poised for continued growth.”
Brubaker joined Wilshire Associates in 1997 and has served as an investment consultant to large corporate, endowment and public fund clients out of Wilshire’s Pittsburgh office. A CFA charterholder, he is also a member of Wilshire Consulting’s investment and manager research oversight committees. He will report to Junkin in his new role.
Wilshire Consulting began offering full discretionary and implemented consulting services in 2001 as a way to help customers design, implement and maintain customized investment strategies. Wilshire’s OCIO practice grew out of this effort, tapping into the trend for money managers to outsource many of the more resource-intensive tasks of managing complex portfolios.
Founded in 1981, Wilshire Consulting was established to provide the fund sponsor community with customized consulting solutions designed to enhance every stage of the investment decision-making process. As of Dec. 31, the firm had more than $986 billion in assets under advisement and more than $7 billion in discretionary assets under management.
Its parent, Wilshire Associates, provides services to clients in more than 20 countries representing more than 500 organizations with assets totaling approximately $8 trillion.