Deals and People May 28, 2008

Decker Appointed to Lead Evaluation Associates

May 28, 2008 (PLANSPONSOR.com) - Evaluation Associates, a wholly owned subsidiary of Milliman which provides consulting services to the institutional investment community, has tapped Bryan Decker as its new Managing Director and Chief Investment Strategist as part of a top management shakeup.
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An Evaluation Associates news release said the company also named David Hyman asSenior Consultant & Director of Consulting Services and appointed Steve Formanek as Director of Operations & Compliance.

“We view these changes as a positive demonstration of our commitment to our clients,” said Edward Brown, Milliman’s Employee Benefits Practice Director, in the announcement. “We recognize the need for clear direction & priorities and are committed to working with our clients to surpass their expectations.”

Decker told PLANSPONSOR.com that the new management structure was designed around service lines with he, Hyman and Formanek sharing general firm management responsibilities.

Decker replacesSteven C. Case who was named to his leadership post in May 2007(See Case Joins Evaluation Associates ).

“It just wasn’t a good fit,” Decker told PLANSPONSOR.com. “There were different views about the direction of the organization and there was an agreement by all of the parties to part ways.”

Decker has been with the Norwalk, Connecticut, firm since 1993 and all research asset class directors will continue to report to him. Hyman joined Evaluation Associates in 1999 and Formanek has been with the firm since 1988.

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