Jeffrey Nipp has joined the employee benefits practice at Milliman as a senior consultant, spokeswoman Rebecca Driskill said.
The position is new. Mr. Nipp will evaluate, research, construct and monitor multiasset class portfolios, with an emphasis on public pension plans. He will report to Richard Wright, a principal in Milliman's San Francisco office.
Mr. Nipp was a managing director at Invesco. It could not be learned whether he was replaced; Invesco spokeswoman Jeaneen Terrio could not be immediately reached for comment by press time.