Craig Baker and Chris Mansi were appointed global chief investment officer and global delegated chief investment officer, respectively, at Towers Watson, a spokeswoman said.
Both positions are new and effective immediately.
Mr. Baker was previously global head of investment research, and Mr. Mansi was chief investment officer of delegated investment for Europe, both at Towers Watson. Delegated consulting is also referred to as fiduciary management or outsourced CIO. The spokeswoman said replacements for both of their previous positions would be announced in due course.
Mr. Baker is responsible for all aspects of the firm's investment philosophy and process, while Mr. Mansi is responsible for the construction and management of delegated clients' portfolios.
“(Mr. Baker's) role as global CIO for our whole investment business brings together all of our research and portfolio construction resources,” said Chris Ford, global head of investment at Towers Watson, in a news release.
On Mr. Mansi's new role, Mr. Ford said Towers Watson is seeing interest in its delegated or outsourced CIO services in “an increasing number of jurisdictions. In appointing (Mr. Mansi) to the role … we will further increase our ability to deliver our best investment ideas to these clients whatever their jurisdiction.”