Latest news with #OCIO
Yahoo
15 hours ago
- Business
- Yahoo
Meketa Investment Group Welcomes New Shareholder
BOSTON, June 05, 2025--(BUSINESS WIRE)--Meketa Investment Group ("Meketa"), a global investment consulting and fiduciary management (OCIO) firm, today announced it has expanded its employee ownership to include one new shareholder. Matt Curran, CFA, CAIA, has joined the firm's ownership group, recognizing his significant contributions to Meketa's research and consulting work. With employee ownership of over 70 shareholders, Meketa continues its growth trajectory. Curran is a Research Consultant on Meketa's Public Markets Manager Research team, where he plays a key role in the evaluation and selection of equity investment managers. He joined Meketa in 2017 and has since supported the firm's consultants in delivering manager research insights to clients. Matt holds a Bachelor of Arts in Biology from the College of the Holy Cross and is both a Chartered Financial Analyst® (CFA) and a Chartered Alternative Investment Analyst (CAIA) charterholder. "Two of our values focus on growth and culture," said Peter Woolley, Managing Principal and Co-Chief Executive Officer at Meketa. "Matt becoming a shareholder reinforces both these critical values, as we support the growth of resources and foster an environment in which employees thrive." "Matt's elevation to shareholder reflects the dedication and insight he brings to our manager research platform," said Hayley Tran, CFA, CAIA, Head of Global Equity Research. "His thoughtful approach to equity manager selection has helped strengthen our recommendations and, ultimately, our client portfolios." Meketa remains committed to providing independent advice and customized investment solutions for clients across the public and private sectors, endowments and foundations, and other institutional investors. Meketa serves as a true partner, fostering deep relationships to understand each client's distinct mission and goals, and delivering best-in-class advice, support, and execution to help them achieve their investment objectives. About MeketaFounded in 1978, Meketa is an employee-owned, full-service investment consulting and fiduciary management (OCIO) firm. As an independent fiduciary, the firm serves institutional investors in nondiscretionary and discretionary capacities. Meketa's collective client assets under advisement represent approximately $2.3 trillion as of December 31, 2024. For more information, please visit View source version on Contacts Daniel AbramsonGregory FCAdabramson@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
3 days ago
- Business
- Business Wire
Northern Trust Appoints Katherine McCabe to Lead OCIO Strategy for Asset Servicing
CHICAGO--(BUSINESS WIRE)--Northern Trust (Nasdaq: NTRS) today announced the appointment of Katherine McCabe to lead the OCIO strategy for its Asset Servicing business unit. McCabe brings more than 30 years of industry experience in the asset owner space, including leadership roles in sales, strategy, consulting relations and analytics. In this newly established role, McCabe will be responsible for developing strategic relationships with Outsourced Chief Investment Officer (OCIO) firms and the associated investment consultant community. She will report to Melanie Pickett, Head of Asset Servicing, Americas. Melanie Pickett, Head of Asset Servicing, Americas, said: 'Northern Trust is committed to building stronger relationships with the OCIO community to unlock the full potential of this space, and we believe Kate's expertise will play a vital role in this effort. By tapping into her wealth of knowledge, we can craft innovative solutions that address the distinct needs of OCIOs and their clients. We're excited to welcome her to our team, where her decades of experience will make a significant impact.' McCabe brings more than 30 years of industry experience in the asset owner space. Most recently, she was the Head of U.S. Asset Owner & Canadian Sales at State Street Bank & Trust Company. Prior to that, McCabe spent more than 25 years at Bank of New York Mellon, where she took on various leadership roles in sales, strategy, consulting relations and analytics, building deep expertise in performance measurement and risk analysis. For many decades, Northern Trust has been dedicated and steadfast in serving the asset owner segment. The goal within the asset owner segment is to empower the missions of its clients, helping them to maximize investment returns so that they may then serve their constituents, their communities and the world. About Northern Trust Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2025, Northern Trust had assets under custody/administration of US$16.9 trillion, and assets under management of US$1.6 trillion. For more than 135 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on Follow us on Instagram @northerntrustcompany or Northern Trust on LinkedIn. Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at
Yahoo
20-05-2025
- Business
- Yahoo
Mizuho, Mercer collaborate for OCIO services in Japan
Mizuho Financial Group has announced a partnership with Mercer Japan and Mercer Investments (Japan) to provide outsourced chief investment officer (OCIO) services in Japan. This collaboration aims to enhance the investment services available to clients, including pension funds and educational institutions, through Mizuho's asset management subsidiary, Asset Management One. The partnership will enable Mizuho to offer a comprehensive suite of OCIO services, building on existing solutions provided by Mizuho Trust & Banking and Asset Management One. The collaboration will focus on several key areas, including optimised asset management across various asset classes, addressing the shortage of specialised talent, improving risk management, and ensuring robust reporting and oversight. Additionally, Asset Management One plans to enhance its investment solutions by utilising Mercer's proprietary manager research and global investment platform. This partnership is expected to create new opportunities for value-added services for clients. Mizuho stated that it aims to support the Japanese government's initiative to establish Japan as a leading asset management centre through its expanded offerings for asset owners. Mercer, which is part of Marsh McLennan, employs over 25,000 people and operates in 130 countries. The company collaborates with private and public pensions, sovereign wealth funds, and institutional investors. It manages more than $17.5tn in assets under advice and $613bn in global assets. Earlier this month, Mercer acquired SECOR Asset Management, founded in 2010 by Tony Kao, Ray Iwanowski, and their partners. SECOR offers diverse portfolio solutions designed for institutional investors, including pension funds, insurance companies, endowments, and family offices. "Mizuho, Mercer collaborate for OCIO services in Japan" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
05-05-2025
- Business
- Bloomberg
The Investor's Edge 2: Multi-Asset Allocation in a Changing Market
Join experts from Bloomberg and Mercer as they explore the role and implementation of a multi asset investment philosophy within the changing macroeconomic environment of today's markets. Speakers Lead, Bloomberg Index Sales Team Bloomberg Joe leads the Bloomberg Index Sales Team covering Institutional Investors, Sellside firms, Insurance Companies and Exchanges in the Americas. He joined Bloomberg in April 2020 as an Index Sales Specialist and over the past year his team has been focused on driving tailored cross asset index solutions to meet the highly specialized needs of their clients. Prior to joining Bloomberg, Joe was the Global Head of the Strategy & Volatility Index Solutions Product Management team at S&P Dow Jones Indices where he was responsible for the full lifecycle (from design to distribute) of index solutions across Factors, Thematics, Multi-asset / QIS strategies, VIX and volatility / option based has a undergraduate degree from Rutgers College and a Masters in Business Administration from Columbia Business School. Andrew McDougall Partner & Global Head of Multi-Asset Mercer Based in London, Andrew leads the teams responsible for global portfolio construction, economics & dynamic asset allocation and multi-asset manager research. Andrew chairs Mercer's Global Asset Allocation Committee, which is the group responsible for guiding asset allocation decisions across the firm's $600bn+ OCIO clients and informing the asset allocation of >$17trillion of advisory clients. Prior to this, Andrew was Head of Portfolio Management for EMEA, with accountability for portfolio construction and manager selection across fixed income, equity and multi-asset funds. Andrew also previously led the Global Fixed Income Portfolio Management team. Rupert Watson Global Head of Economic and Dynamic Asset Allocation Mercer Rupert joined Mercer in May 2013 and is head of the team that develops Mercer's house view on the global economy & markets as well dynamic positions taken in portfolios . Prior to joining Mercer, Rupert was Head of Asset Allocation at Skandia Investment Group and previously worked as a fund manager at Black River Asset Management, Goldman Sachs Asset Management, Investec Asset Management and Merrill Lynch Investment Management. Rupert began his career at the Bank of England. Rupert has a first class economics degree from Edinburgh University and is a Chartered Financial Analyst (CFA). Tom Orlik Chief Economist Bloomberg Economics Tom Orlik is Bloomberg's Chief Economist, based in Washington DC. Previously, Tom was the Chief Asia economist for Bloomberg and China economics correspondent for The Wall Street Journal, based in Beijing. Prior to a decade in China, he worked at the British Treasury, European Commission, and International Monetary Fund. He is the author of Understanding China's Economic Indicators (FT Press) and China: The Bubble that Never Pops (OUP). Jennifer Welch Chief Geoeconomics Analyst Bloomberg Economics Jennifer Welch is the Chief Geoeconomics Analyst for Bloomberg Economics. She previously served as the director for China and Taiwan on the US National Security Council under the Biden and Trump Administrations, and as the advisor to Vice Presidents Harris and Pence on Asia and the Pacific. She is based in Washington, D.C.
Yahoo
04-04-2025
- Business
- Yahoo
Social Security targets tech team for cuts at a time when systems are under strain
The Social Security Administration plans to slash its technology team by nearly one-third at a time when the agency's complex and fragile computer systems are crashing more often. Top executives in the agency's Office of the Chief Information Officer, known as OCIO, have been tasked with cutting 30% of its staff as part of a large-scale reduction-in-force being implemented across the federal government, according to two former employees with direct knowledge of the plan. The office had about 3,200 employees, though it has already lost hundreds of experienced workers due to retirement and separation incentives. (It has also gained some staffers after the agency shuttered other divisions and transferred the functions to OCIO.) The planned purge comes as the agency's long-glitchy technology is suffering more outages than usual, multiple current and former employees, as well as advocates, told CNN. Also adding to the stress on the systems is the increased number of concerned Americans accessing the public 'my Social Security' website, calling the 800 number and visiting local offices amid the turmoil surrounding the agency's massive restructuring. This week alone, the 'my Social Security' site was down for several hours, with a message reading 'Online Service Not Available.' Then, a tech update involving identity authentication resulted in a longer outage for Supplemental Security Income beneficiaries, blocking them from accessing their online accounts, according to one former employee. Some recipients, who are low-income older Americans and people with disabilities, saw an erroneous message that they are not currently receiving payments, according to an internal memo to employees that was read to CNN. 'Those are the risks,' the former employee told CNN. 'You lose staff that have the institutional knowledge, and when something happens, you can't recover, or it takes you a lot longer to recover. The implication is American people get degraded services on the tech side because people internally are understaffed.' The agency, which is being run by acting Commissioner Leland Dudek while Trump's nominee, Frank Bisignano, awaits confirmation, did not return a request seeking comment. Staffers in field offices are encountering more frequent glitches in recent weeks that are temporarily preventing them from helping customers, two union representatives who work in the local offices told CNN. They said they are seeing more internal notices that problems with one or more malfunctioning software programs are being addressed. 'If the system is down, we can't look at a record to be able to take a claim or help beneficiaries with an issue that arises after they are getting benefits,' said Angela Digeronimo, executive vice president of the American Federation of Government Employees Council 220, which represents Social Security employees in field offices, telecenters and other units that assist customers. 'If the system is down, we don't have the tools to give the beneficiary the answer that they are looking for.' The increase in technology problems has prompted some former Social Security executives – notably Martin O'Malley, who served as commissioner in the last year of the Biden administration – to warn that a disruption in payments could occur in coming months. More than 73 million retirees, people with disabilities and others receive Social Security benefits each month. Amid those warnings, the Trump administration is targeting the agency's unionized tech workforce. President Donald Trump signed an executive order last week aimed at stripping many federal workers' collective bargaining rights, which would make it easier to fire them or shift their duties. Trump said the move is intended to bolster national security, but the White House fact sheet also noted that 'certain federal unions have declared war on President Trump's agenda.' The only union workers who would be affected at Social Security are those in OCIO, who number roughly 1,300 after taking into account those who took various incentives to leave, said Shelley Washington, executive vice president at AFGE Local 1923, which represents the office's staff. The agency has told AFGE that it is reviewing the executive order. The administration is also suing multiple AFGE locals in federal court in Texas seeking to release several agencies, including Social Security, from their collective bargaining agreements. Without a union contract in place, it would be easier for Social Security to replace OCIO's personnel with staffers who are 'more amenable to doing what they want to do,' Washington said, referring to the efforts by Elon Musk's Department of Government Efficiency to gain access to databases containing hundreds of millions of Americans' personal information, which has been temporarily halted by a federal judge. To be sure, Social Security's antiquated public and internal systems have long experienced outages. At one of the agency's weekly operational meetings last month, which is posted to the agency's YouTube site, Dudek asked if he had fired anyone that would impair the operations of my Social Security or the databases. Wayne Lemon, deputy chief information officer for implementation, responded no. The acting commissioner then asked whether the team had the resources it needs to maintain the systems' stability, to which Lemon said it has what it needs for now. 'There's nothing, I'll call it 'unusual,' about these outages, per se,' Lemon said, responding to Dudek's query on whether these problems have happened in the past. Dudek acknowledged the concerns that many Americans now have about their personal information and their benefits. 'I think we have a lot of customers that right now, a lot of Americans, that are very uneasy, and they need to understand that we are protecting their data, and that we will always have their data,' he said. 'And we can make sure their earnings record reflects the benefits that they will receive, both now and in the future.' The coming cuts at OCIO are part of the agency's effort to whittle down its workforce by 7,000 staffers, or 12%. However, the overhaul lacks strategic planning, which has fanned concerns about the remaining employees' ability to handle tech problems, former officials and advocates said. Social Security's core computer systems run on an aging programming language known as COBOL (Common Business Oriented Language). It's no longer taught, making the old hands at the agency even more essential when it comes to keeping the technology operating and addressing things that go wrong. In addition, there are 3,600 intra-connected applications that keep the agency running. But Social Security is now losing the staff that can prevent upgrades from becoming outages through testing and understanding the implications of the changes being made, one former official said. Plus, it's very difficult to reduce the number of employees until the computer systems are simplified. 'You can't cut out staff until you cut out complexity in your application portfolio,' the former official said. 'They're kind of doing it really backwards on a lot of fronts.' Wired reported last week that DOGE is planning to rewrite Social Security's COBOL code in a matter of months, which has alarmed former officials and advocates. 'It's reckless to do it so quickly,' Kathleen Romig, director of Social Security and disability policy at the left-leaning Center on Budget and Policy Priorities, told CNN. 'It's setting yourself up for possible catastrophe.'
