Money Management

Verger Capital adds 2 to client development team

Wesley Carroccio and Patrick Decker were named client development director and client development managing director, respectively, at Verger Capital Management, said Garry Duncan, Verger's president, in an email.

Both positions are new. Previously, client development responsibilities previously fell to Mr. Duncan.

Ms. Carroccio and Mr. Decker started at the investment outsourcing firm Wednesday. Both report to Mr. Duncan.

Previously, Ms. Carroccio spearheaded member outreach initiatives at The Investment Fund for Foundations, according to a statement on its website.

Previously, Mr. Decker was an investment officer at Hirtle Callaghan & Co.

A Hirtle Callaghan spokeswoman could not immediately be reached for information on whether Mr. Decker has been replaced. A TIFF spokesman declined to comment.

Verger has more than $1.4 billion in assets under management, of which Wake Forest University makes up roughly 50%.