Mercer Investments today announced the appointment of Kenneth Shimberg as US Endowment & Foundations Chief Investment Officer for outsourced CIO services. Ken will serve as Chair of Mercer’s Endowment & Foundation (E&F) Investment Committee, the group that develops strategy and tactics for Mercer not-for-profit client portfolios. In addition, Ken will provide leadership across Mercer’s not-for-profit client base, using his insights and substantial investment experience to continually improve Mercer’s ability to reach successful outcomes for these organizations. With an effective start date of May 4th, Ken will be Boston based and he will report to Stan Mavromates, Americas Chief Investment Officer for Mercer Investments.
Ken joins Mercer’s dedicated team of not-for-profit professionals from Brown University, where he served as an investment office Managing Director since 2001 and as Interim Chief Investment Officer from October 2012 to June 2013.
“As our E&F business continues to grow, we felt creating this role for Ken would enhance the level of service we bring to our client base,” said Stan Mavromates, Americas CIO for Mercer Investments. “Ken brings with him extensive endowment experience and we expect his knowledge will bring an added value for our non-profit clients who will be able to benefit from Ken’s years of experience working in this area.”
Prior to his role at Brown, Ken served as a Principal at the Princeton University Investment Company. He also worked at Nassau Capital, LLC building private equity portfolios and at J.P. Morgan as a Vice President in the Structured Finance Group. Ken is a graduate of the Massachusetts Institute of Technology.
“With nearly 20 years working and leading in a university investment office, Ken brings the skills and intense knowledge necessary to address the challenges faced by endowments, foundations and other not-for-profit investors,” said Kim Wood, National Practice Leader for Not-for-Profit clients at Mercer Investments. “Adding someone of Ken’s caliber to our team demonstrates our commitment to delivering market-leading investment programs to the not-for-profit community.”
Mercer’s Not-for-Profit team delivers custom investment solutions to endowments, foundations and hospital groups by combining hands-on experience of seasoned professionals with the substantial global reach of our investment research and operational resources to help these organizations generate the financial returns necessary to meet their short and long-term goals.
Mercer is a global consulting leader in talent, health, retirement and investments. Mercer helps clients around the world advance the health, wealth and performance of their most vital asset – their people. Mercer’s more than 20,000 employees are based in 43 countries and the firm operates in over 140 countries. Mercer is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global team of professional services companies offering clients advice and solutions in the areas of risk, strategy and human capital. With 57,000 employees worldwide and annual revenue exceeding $13 billion, Marsh & McLennan Companies is also the parent company of Marsh, a global leader in insurance broking and risk management; Guy Carpenter, a global leader in providing risk and reinsurance intermediary services; and Oliver Wyman, a global leader in management consulting. For more information, visit www.mercer.com. Follow Mercer on Twitter @MercerInsights.
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