Mark Warren left Boeing Co. as director of private equity to join Wespath Investment Management, the investments division of the Glenview, Ill.-based $21 billion General Board of Pension and Health Benefits of The United Methodist Church.
Mr. Warren joined Wespath as manager of public equities Aug. 31. His oversight includes $10.3 billion in U.S. and international equities. He reports to Brian Boyer, director of equities.
The position is not new, but “we do not comment on former employees,” M. Colette Nies, managing director-communications, said in an e-mail.
Mr. Warren’s “primary responsibility is to manage relationships with — and monitor the performance of — all external managers of public equity strategies,” according to a Wespath news release. “The role also includes the manager search and selection process.”
Wespath’s $6.6 billion U.S. equity portfolio uses 29 external managers, its $3.6 billion international equity portfolio, 14 external managers, and its $46 million social values equity portfolio, two external managers, according to the Wespath website.
Boeing executives declined to comment on how the position will be filled, said Charles N. “Chaz” Bickers, Boeing spokesman.
Mr. Warren joined Chicago-based Boeing in 2009 as senior manger of equities, overseeing U.S. equities for Boeing’s $61.1 billion defined benefit plan and $45.3 billion defined contribution plan, according to the company’s most recent numbers.
