The new group will work in collaboration with Asset Management’s Global Institutional Distribution team to help clients develop investment solutions from across their full range of product offerings. In addition to providing investment strategies and solutions to clients that are not subject to Employee Retirement Income Security Act (ERISA) or similar laws, the group has expertise in the more limited approach required for pension plan clients, consistent with applicable laws, according to the announcement.
David Russ, former Chief Investment Officer of Dartmouth College’s Office of Investments, has been named Managing Director and Chief Investment Strategist of the group. In his former role, Russ directed the college’s investment strategy, asset allocation, and manager selection; and was responsible for Dartmouth’s $3.5-billion endowment.
Russ was also previously the Treasurer of the Regents and VP for Investments in the Office of the President at the University of California, Managing Director – Public Markets for the University of Texas Investment Management Company (UTIMCO), and senior portfolio manager for Stanford University and the Stanford Management Company, the announcement said.
The new Investment Strategies and Solutions group will also include Managing Director Mark Baumgartner, former Senior Portfolio Strategist and head of Portfolio Architecture in Morgan Stanley’s Global Portfolio Solutions group; Managing Director Yogi Thambiah, former head of Credit Suisse’s U.S. Multi Asset Class Solutions (MACS) business within Asset Management; and Director Nicolo Foscari, former Senior Portfolio Manager in Credit Suisse’s MACS business.
“The formation of the Investment Strategies and Solutions group is the next step in providing clients with a coordinated, efficient and strategic approach to investing in a range of products across the spectrum of asset classes and investment styles,” said Mark Bourgeois, Managing Director and Head of Distribution for Asset Management, in the announcement.
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