SANTA MONICA, Calif., April 27, 2016 (GLOBE NEWSWIRE) -- Wilshire Consulting, the institutional investment advisory business unit of Wilshire Associates Incorporated (Wilshire®), a diversified global financial services firm, today announced it has named veteran consultant Mark Brubaker, CFA, as head of its Wilshire OCIO Solutions practice. In recent years, Wilshire’s full discretionary advisory business has grown significantly due in great part to Brubaker’s leadership and this appointment formalizes his role and responsibilities.
“In the past three years, the number of clients we serve and our assets under management have increased substantially,” stated Andrew Junkin, CFA, CAIA, president, Wilshire Consulting. “Mark has been instrumental in building our team, structure and procedures critical for effectively executing numerous aspects of managing an outsourced CIO practice. This is an important part of our business and Mark’s unique skills, exceptional experience and demonstrated leadership have us poised for continued growth,” added Junkin.
Wilshire Consulting began offering full discretionary and implemented consulting services in 2001 to develop, implement and maintain customized investment strategies for clients seeking to outsource the resource-intensive tasks of managing complex portfolios. Following decades of experience advising some of the world’s largest asset owners, the infrastructure for Wilshire’s OCIO practice was in place and prepared to assist clients in meeting long-term investment objectives.
“While the Wilshire OCIO Solutions team is comprised of seasoned investment professionals, its real strength in attracting new clients is its ability to leverage the intellectual capital, technology and infrastructure developed for the institutional asset owner by Wilshire Associates over the past four decades,” noted Brubaker. “There are an increasing number of organizations seeking to better allocate resources by outsourcing many of the investment and administrative responsibilities traditionally shouldered by a CIO and I look forward to leading Wilshire’s response to this market demand.”
About Mark Brubaker
Mark Brubaker is a Managing Director of Wilshire Associates. Mr. Brubaker joined Wilshire in 1997 and has served as investment consultant to large corporate, endowment and public fund clients out of Wilshire’s Pittsburgh office. He is head of Wilshire’s OCIO Solutions practice and is a member of the Wilshire Consulting Investment Committee and Manager Research Oversight Committee.
Prior to joining Wilshire, he worked at Westinghouse Electric Corporation, where he was responsible for over $9 billion in defined benefit, defined contribution and foundation assets. He also worked in the Investment Management and Trust Division of PNC Financial. He earned a B.A. in Economics from Yale University and an M.B.A. from Carnegie Mellon University. Mr. Brubaker also holds a Chartered Financial Analyst designation and is active in the CFA Society of Pittsburgh.
About Wilshire Consulting
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. Through its investment consulting services to public and corporate clients, Wilshire Consulting assists in ensuring secure and safe retirements for approximately 49 million Americans including those participating in some of the nation’s largest public and corporate retirement plans.
For over 35 years, Wilshire Consulting has served many of the world’s largest asset owners and taken great pride for its innovations in the areas of performance fees and style mapping in equity management. These capabilities, combined with an established infrastructure and industry-leading technology, have helped Wilshire Consulting effectively deliver full discretionary advisory services or Outsourced Chief Investment Officer (OCIO) Solutions to institutional investors seeking economies of scale for the ultimate benefit of their constituents. As of 12/31/15, Wilshire Consulting has over $986 billion in assets under advisement and over $7 billion in discretionary assets under management.
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About Wilshire Associates
Wilshire Associates, a leading global, independent investment consulting and services firm, provides consulting services, analytics solutions and customized investment products to plan sponsors, investment managers and financial intermediaries. Its business units include Wilshire Analytics, Wilshire Consulting, Wilshire Funds Management and Wilshire Private Markets.
The firm was founded in 1972, providing revolutionary technology and acting as an early innovator in the application of investment analytics and research to investment managers in the institutional marketplace. Wilshire also is credited with helping to develop the field of quantitative investment analysis that uses mathematical tools to analyze market risks. All other business units evolved from Wilshire’s strong analytics foundation. Wilshire developed the Wilshire 5000 Total Market IndexSM and became an early innovator in creating integrated asset/liability analysis/simulation models as well as practical models in risk budgeting through beta and active risk analysis. Wilshire has approximately 300 employees serving the needs of investors around the world.
Based in Santa Monica, Calif., Wilshire serves over 500 clients across 20 countries with combined assets exceeding $8 trillion*. With 10 offices worldwide, Wilshire Associates and its affiliates are dedicated to providing clients with the highest quality counsel, products and services. Wilshire® is a registered service mark of Wilshire Associates Incorporated. Wilshire 5000 Total Market IndexSM is a service mark of Wilshire Associates Incorporated. Please visit http://www.wilshire.com.
*Client assets are as represented by Pensions and Investments, detailed in P&I’s “Largest Retirement Funds” and P&I’s “Largest Money Managers (U.S. institutional tax-exempt assets)” as of 9/30/14 and 12/31/14, and published 2/9/15 and 5/18/15, respectively.