Aon Hewitt bolsters asset allocation team

Derry Pickford was named principal, asset allocation, at Aon Hewitt, said a spokeswoman for the consultant.

The position is new. Mr. Pickford reports to Tapan Datta, head of global asset allocation.

“(Mr.) Pickford brings a combination of both extensive market and theoretical knowledge, gained in a career that has ranged across the hedge fund industry, asset management and macroeconomic consultancy,” said Mr. Datta in a news release.

Mr. Pickford was co-head of asset allocation at Ashburton Investments. It could not be confirmed whether Mr. Pickford has been replaced. Executives could not be reached for comment by press time.

Jack Lejk contributed to this story