Claire Shaughnessy was named senior investment consultant at Hewitt Associates, where she will advise institutional clients on investment issues, said Bradley S. Smith, CEO of Hewitt’s investment consulting business.
The position is new.
She was a managing director with Rogerscasey. Tim Barron, Rogerscasey president and CEO, couldn’t immediately be reached for comment.
Ms. Shaughnessy’s hiring was among six appointments made by Hewitt to new positions in its investment consulting practice amid growing demand for pension risk management and fiduciary outsourcing, Mr. Smith said in an interview.
Alan Parikh and Eric Friedman were named senior pension risk consultants. Both came from Mercer, where they were principals in that firm’s investment consulting practice. According to Jeffrey Schutes, a worldwide partner and Mercer’s U.S. investment consulting leader, in an e-mail response to questions, the two won’t be replaced, reflecting the 15 professionals Mercer has already hired over the past five quarters for the Financial Services Group where Messrs. Parikh and Friedman worked.
Carol Chan and David Barnes were named manager research consultants at Hewitt, and Nicole Kang was named a research analyst, to cover and assess money management organizations.
Ms. Chan was director-trust investments at Dun & Bradstreet, responsible for managing the investments of the company’s global pension and 401(k) plans. Patricia A. Clifford, Dun & Bradstreet’s senior vice president-human resources, couldn’t immediately be reached for comment.
Mr. Barnes came from Towers Watson’s investment consulting business, where he was a manager and researcher of its global equity, non-U.S. equity, emerging markets equity and transition management research teams. Mike McNamara, a spokesman for Towers Watson, said a search is under way for Mr. Barnes’ replacement.
Ms. Kang joins from Citigroup, where she was an institutional consulting analyst, performing due diligence on equity managers used in customized portfolios for high-net-worth and institutional clients, according to a Hewitt news release.