Skip to main content
MENU
Subscribe
  • Sign Up Free
  • LOGIN
  • Subscribe
  • Topics
    • Alternatives
    • Consultants
    • Courts
    • Defined Contribution
    • ESG
    • ETFs
    • Face to Face
    • Hedge Funds
    • Industry Voices
    • Investing
    • Money Management
    • Partner Content
    • Pension Funds
    • Private Equity
    • Real Estate
    • Regulation
    • SECURE 2.0
    • Special Reports
    • Washington
    • White Papers
  • Rankings & Awards
    • 1,000 Largest Retirement Plans
    • Top-Performing Managers
    • Largest Money Managers
    • DC Money Managers
    • DC Record Keepers
    • Largest Hedge Fund Managers
    • World's Largest Retirement Funds
    • Best Places to Work in Money Management
    • Excellence & Innovation Awards
    • WPS Innovation Awards
    • Eddy Awards
  • ETFs
    • Latest ETF News
    • Fund Screener
    • Education Center
    • Equities
    • Fixed Income
    • Commodities
    • Actively Managed
    • Alternatives
    • ESG Rated
  • ESG
    • Latest ESG News
    • The Institutional Investor’s Guide to ESG Investing
    • ESG Sustainability - Gaining Momentum
    • ESG Investing | Industry Brief
    • Innovation in ESG Investing
    • 2023 ESG Investing Conference
    • ESG Rated ETFs
  • Defined Contribution
    • Latest DC News
    • The Plan Sponsor's Guide to Retirement Income
    • DC Money Manager Rankings
    • DC Record Keeper Rankings
    • Innovations in DC
    • Trends in DC: Focus on Retirement Income
    • 2023 Defined Contribution East Conference
  • Searches & Hires
    • Latest Searches & Hires News
    • Searches & Hires Database
    • RFPs
  • Research Center
    • The P&I Research Center
    • Earnings Tracker
    • Endowment Returns Tracker
    • Corporate Pension Contribution Tracker
    • Pension Fund Returns Tracker
    • Pension Risk Transfer Database
  • Careers
  • Events
    • View All Conferences
    • View All Webinars
    • 2023 Canadian Pension Risk Strategies
    • 2023 Retirement Income
Breadcrumb
  1. Home
  2. Print
August 04, 2008 01:00 AM

Casey Quirk snares Ben Phillips from Jefferies Putnam Lovell

Longtime experience in investment banking and consulting seen as "notable addition,' making him first partner focused on research

Douglas Appell
  • Tweet
  • Share
  • Share
  • Email
  • More
    Reprints Print
    Kathy Tarantola
    Ben Phillips served in leadership roles at Jefferies Putnam Lovell and Cerulli.

    DARIEN, Conn. — Benjamin F. Phillips is joining Casey Quirk & Associates LLC in late August as the Darien-based money manager consultant's first partner focused entirely on research.

    In an interview, founding partner Kevin P. Quirk called Mr. Phillips “a notable addition” for the firm, with experience over the past decade — as managing director of strategic analysis with investment bank Jefferies Putnam Lovell, New York, and before that as a managing director at Cerulli Associates Inc., Boston — tailored to Casey Quirk's strategic objectives.

    The firm's five current partners have focused on the institutional segment of the money management world, but “we continue to see ourselves doing more work in retail markets, defined contribution and internationally” — all places where Mr. Phillips has established a leading reputation in the industry, Mr. Quirk said.

    Led by veteran John Casey and Mr. Quirk, Casey Quirk is already cited by many industry executives as a leading — or the leading — consultant to money management firms.

    Amid growing competition, however, Mr. Quirk said his firm will face challenges maintaining an edge.

    Over the past year or so, Casey Quirk's partners agreed that research — “thought leadership” — could no longer remain ancillary to the project work being done for clients. Uncovering critical themes in the market is not just a marketing tool but “an essential part of what helps drive our organization forward,” he said.

    Mr. Casey said Mr. Phillips was the only candidate considered for the position — the first partnership offered by the firm in seven years. He brings a “more disciplined research background than anybody in our firm,” which will help sharpen Casey Quirk's focus, Mr. Casey said.

    Overseas experience to come in handy

    In a separate interview, Mr. Phillips said he won't be starting from scratch in building Casey Quirk's research effort. It's more a matter of trying to provide “some extra oxygen” and organizational structure in that department to a fast-growing firm, he said.

    Mr. Phillips said his overseas experience — opening Cerulli's London office and spending a growing chunk of time in recent years in Australia, Japan and Asia ex-Japan — should come in handy in a global market “where most of the growth in the industry is going to occur outside of the states in the next few years.”

    Mr. Quirk said international projects already account for more than 30% of Casey Quirk's revenue, up from roughly 10% at the start of the current decade. The focus of those projects has changed, however, from helping U.S. firms establish themselves abroad or helping foreign firms come to the U.S.

    Today, Casey Quirk is seeing more demand from Japanese investment managers working on their investment strategies in Japan, and Australian managers looking to strengthen their positions in their home market — “those types of projects have become a much bigger part of our business over the last couple of years,” Mr. Quirk said.

    Mr. Phillips' experience in those markets, his “skill sets,” should be “very complementary to our growth strategy,” accelerating the firm's evolution as a global organization — a process that should see the company adding more people “with strong global experience, (and) eventually putting people on the ground overseas,” Mr. Quirk said.

    Mr. Phillips will be based in Boston.

    Jefferies Putnam Lovell won't be replacing Mr. Phillips, said Richard Chimberg, a spokesman for the investment bank. Putnam Lovell wishes him “continued success” as a partner “with one of the leading strategic consultants in the investment management industry ... and we look forward to working on projects with Ben and his colleagues at Casey Quirk,” Mr. Chimberg said.

    Contact Douglas Appell at [email protected]

    Recommended for You
    Read the print edition of P&I
    Read the print edition of P&I
    Targeting millennials: Author, niece put his latest book to music
    Targeting millennials: Author, niece put his latest book to music
    How low is low? Projections say it's not low enough
    How low is low? Projections say it's not low enough
    OCIO: Steady Hand at the Wheel
    Sponsored Content: OCIO: Steady Hand at the Wheel

    Reader Poll

    May 1, 2023
     
    SEE MORE POLLS >
    Sponsored
    White Papers
    Counting on a Crisis: A Catalyst for Investment Innovation?
    A Strategic Allocator's Guide to Productivity and Profits
    Biodiversity: why investors should care
    Quantifying sustainability – the numbers, the data, and the people
    Valuing Banks: Hidden Losses Versus Assets
    Research for Institutional Money Management
    View More
    Sponsored Content
    Partner Content
    The Industrialization of ESG Investment
    For institutional investors, ETFs can make meeting liquidity needs easier
    Gold: the most effective commodity investment
    2021 Investment Outlook | Investing Beyond the Pandemic: A Reset for Portfolios
    Ten ways retirement plan professionals add value to plan sponsors
    Gold: an efficient hedge
    View More
    E-MAIL NEWSLETTERS

    Sign up and get the best of News delivered straight to your email inbox, free of charge. Choose your news – we will deliver.

    Subscribe Today
    December 12, 2022 page one

    Get access to the news, research and analysis of events affecting the retirement and institutional money management businesses from a worldwide network of reporters and editors.

    Subscribe
    Connect With Us
    • RSS
    • Twitter
    • Facebook
    • LinkedIn

    Our Mission

    To consistently deliver news, research and analysis to the executives who manage the flow of funds in the institutional investment market.

    About Us

    Main Office
    685 Third Avenue
    Tenth Floor
    New York, NY 10017-4036

    Chicago Office
    130 E. Randolph St.
    Suite 3200
    Chicago, IL 60601

    Contact Us

    Careers at Crain

    About Pensions & Investments

     

    Advertising
    • Media Kit
    • P&I Content Solutions
    • P&I Careers | Post a Job
    • Reprints & Permissions
    Resources
    • Subscribe
    • Newsletters
    • FAQ
    • P&I Research Center
    • Site map
    • Staff Directory
    Legal
    • Privacy Policy
    • Terms and Conditions
    • Privacy Request
    Pensions & Investments
    Copyright © 1996-2023. Crain Communications, Inc. All Rights Reserved.
    • Topics
      • Alternatives
      • Consultants
      • Courts
      • Defined Contribution
      • ESG
      • ETFs
      • Face to Face
      • Hedge Funds
      • Industry Voices
      • Investing
      • Money Management
      • Partner Content
      • Pension Funds
      • Private Equity
      • Real Estate
      • Regulation
      • SECURE 2.0
      • Special Reports
      • Washington
      • White Papers
    • Rankings & Awards
      • 1,000 Largest Retirement Plans
      • Top-Performing Managers
      • Largest Money Managers
      • DC Money Managers
      • DC Record Keepers
      • Largest Hedge Fund Managers
      • World's Largest Retirement Funds
      • Best Places to Work in Money Management
      • Excellence & Innovation Awards
      • WPS Innovation Awards
      • Eddy Awards
    • ETFs
      • Latest ETF News
      • Fund Screener
      • Education Center
      • Equities
      • Fixed Income
      • Commodities
      • Actively Managed
      • Alternatives
      • ESG Rated
    • ESG
      • Latest ESG News
      • The Institutional Investor’s Guide to ESG Investing
      • ESG Sustainability - Gaining Momentum
      • ESG Investing | Industry Brief
      • Innovation in ESG Investing
      • 2023 ESG Investing Conference
      • ESG Rated ETFs
    • Defined Contribution
      • Latest DC News
      • The Plan Sponsor's Guide to Retirement Income
      • DC Money Manager Rankings
      • DC Record Keeper Rankings
      • Innovations in DC
      • Trends in DC: Focus on Retirement Income
      • 2023 Defined Contribution East Conference
    • Searches & Hires
      • Latest Searches & Hires News
      • Searches & Hires Database
      • RFPs
    • Research Center
      • The P&I Research Center
      • Earnings Tracker
      • Endowment Returns Tracker
      • Corporate Pension Contribution Tracker
      • Pension Fund Returns Tracker
      • Pension Risk Transfer Database
    • Careers
    • Events
      • View All Conferences
      • View All Webinars
      • 2023 Canadian Pension Risk Strategies
      • 2023 Retirement Income