Ian Toner was named director of strategic research and Shaharyar Asaf was named senior analyst at consulting firm Wurts & Associates, confirmed Shelly Heier the firm's president and chief operating officer Tuesday.
Both are new positions. Mr. Toner will be responsible for strategically managing the firm's research initiatives, including manager research and capital markets. Mr. Asaf will be involved in the analysis and portfolio management activities for Wurts' discretionary relationships.
Mr. Toner was director, research and communications, at Russell Investments. “As of now, Ian's prior responsibilities have been spread among other investment professionals on the capital markets research team,” Russell spokeswomen Kate Stouffer wrote in an e-mail. She did not indicate whether Russell was looking for a replacement for Mr. Toner.
Mr. Asaf was a quantitative portfolio manager at SAMBA Capital in Saudi Arabia. A spokesman for the firm could not be reached.