Cleo Chang, chief investment officer of Wilshire Funds Management and a managing director at Wilshire Associates, resigned, said Jason Schwarz, president of Wilshire Funds Management.
Wilshire Funds Management is Wilshire Associates’ global investment management business unit.
Ms. Chang will leave the firm at the end of April. She took over as CIO in December 2013.
Both internal and external candidates are being considered for the CIO position. Mr. Schwarz did not specify whether an executive search firm is being used to seek a replacement.
Information about where Ms. Chang is going and why she resigned could not be learned. Ms. Chang did not return a phone call by press time.
