Chip Castille joined Wilshire as the consultant and money manager's head of product strategy on Jan. 9, according to a Jan. 22 news release.
It is a new position, and Castille will be based in Lafayette, La., a spokesperson said in an email.
Castille be responsible for augmenting, enhancing and expanding the range of products and solutions across the firm's various business segments, the news release added. He reports to Jason Schwarz, president and deputy CEO.
"Chip brings over three decades of experience as one of the leading innovators in the wealth and retirement space, and his leadership and industry expertise will further cement Wilshire's standing as a pioneering provider of world-class investment solutions," Schwarz said in the release. The role will "further enable us to provide our clients with compelling solutions tat meet evolving industry dynamics," he added.
Castille first joined Wilshire in 2000 and served a variety of roles, including managing director and chief investment officer of Wilshire Funds Management, the firm's multiasset, multimanager investment platform.
He left the firm to join Barclays Global Investors in 2007, a spokesperson confirmed in an email. In 2009, BGI merged with BlackRock, where Castille notably served as managing director and head of its U.S. and Canada defined contribution group.
Castille most recently was CEO of GoalBased Investors, a financial technology company. The platform, which serves individual investors, was founded by him in 2019, according to a GoalBased news release. Officials at the firm could not be reached immediately.
"I'm thrilled to rejoin Wilshire at a pivotal time when the convergence of product development across wealth, retirement, institutional and alternative segments is in full force," Castille said in the Wilshire release.
As of Sept. 30, Wilshire had more than $1.2 trillion in assets under advisement and $86 billion in assets under management.