Towers Watson Continues to Expand Delegated Services Team
20.05.12
“We are delighted to have someone with Hrach’s deep knowledge and
broad-based investment experience join our team,” said Debra Woida,
director of Towers Watson’s delegated services in the United States.
“With more than 25 years of experience, Hrach will build on our existing
delegated services to clients and we look forward to his many
contributions helping clients address the investment challenges they are
facing.”
Assets under advice for Towers Watson’s expanding delegated business,
which combines investment strategy and asset/liability modeling (ALM)
capabilities with the fiduciary management of investment portfolios, are
in excess of US$50 billion. In the U.S. alone, Towers Watson’s assets
under advice using this approach have increased by over US$5 billion in
the past 18 months.
Chris DeMeo, Towers Watson’s head of Investment in North America, said:
“The addition of Hrach demonstrates our commitment to expanding our
delegated services business and comes just one month after Bruce Rodio
joined our delegated investment team. In the ongoing complex and
volatile financial environment, our delegated investment solution can
provide timely execution throughout the asset planning cycle and a
transparent approach for total pool management – making it particularly
attractive for investors who lack the resources, expertise or time.”
Source: EON: Enhanced Online News (press release)