Russell Hill plans to retire as CEO and senior consultant at Ellwood Associates in February, the investment consulting firm announced Tuesday.
Mr. Hill will remain chairman, said Sarah McClain, director of marketing. The CEO position will not be filled.
Effective Jan. 1, Mr. Hill's duties will be handled by a management committee comprising Aaron Ward, director of consulting; Bradley Levandoski, director of consulting operations; Susan Toth, director of risk and compliance and business operations; Daniel George, consulting managing director; Daniel Simon, director of consulting research; and Alexander Farquhar, director of manager research. All will be managing directors.
Mr. Ward will be chairman of the management committee for consulting issues and Mr. Levandoski will be chairman of the committee for operations.
All committee members have existing titles that will change effective next year, Ms. McClain said.
Currently, Mr. Ward is senior consultant; Mr. Levandoski, chief operating officer; Ms. Toth, president; Mr. George, senior consultant and CIO; Mr. Simon, senior consultant and director of outsourced CIO consulting; and Mr. Farquhar, senior consultant and director of traditional manager research.
Mr. Hill has been CEO at Ellwood since 2004.
Ellwood consults to corporate and public pension funds, endowments and foundations as well as high-net-worth clients and wealth advisers. Assets under advisement at the firm totaled $67 billion as of Dec. 31.