Larissa Davy, a senior investment director on NEPC's research team focused on infrastructure, has relocated from Boston to lead the firm's newly opened London office.
CIO Tim McCusker said the Feb. 27 opening of the Boston-based consulting and investment firm's London office, its first overseas, will bolster its coverage of global investment managers and strategies — with a focus on private markets — for NEPC's predominantly U.S. client base.
Andrew Pettersen, a senior investment director focused on private equity, will join Davy in London shortly, relocating from NEPC's Boulder, Colo., office, McCusker said.
The London office will strengthen the insights NEPC can offer clients on managers, strategies and portfolio solutions in Europe while providing attractive career development opportunities for the firm's consultants, McCusker said.
Having a London office will also help NEPC better compete with investment consultants that have global footprints, he said.
While prospective clients reviewing NEPC's research on non-U.S. managers and ideas about the global investment landscape typically come away thinking highly of the firm's work, "we weren't answering yes" to RFP questions about whether NEPC has overseas offices, McCusker noted. "We feel like we're a very global organization and wanted to align that," he said.
McCusker said NEPC's London office will likewise help the firm better cover the many top-rated global equity and emerging markets managers based in London, even if private markets remain the primary focus.
McCusker said the same logic driving NEPC's London office opening could one day lead the firm to open an office in Hong Kong, Singapore or Shanghai.
NEPC provides investment consulting and outsourced CIO services to 400 retainer clients with combined assets of $1.6 trillion.
