We believe differences enrich perspective, debate fosters innovation, and teamwork fuels excellence.

Across our seven offices in the United States and through our over 330 investment professionals, we offer clients customized and enduring investment solutions culled from extensive research. As an employee-owned organization, our accomplishments are aligned with the success of our clients.

Meet Our Leadership Team

Team
AllExecutive LeadershipResearchDiscretionaryEndowments & FoundationsHealthcarePrivate WealthDefined ContributionCorporate Defined BenefitInsuranceTaft-HartleyPublic FundsHuman ResourcesInformation Technology
Headshot of Richard Charlton.
Chairman Emeritus

Richard M. Charlton

Headshot of Michael Manning.
Managing Partner

Michael P. Manning, CFA, CAIA

Headshot of Lenia Ascenso.
Partner, Director of Portfolio Services

Lenia M. Ascenso

Headshot of Samuel Austin.
Partner

Samuel M. Austin, III

Headshot of Margaret Belmondo.
Partner

Margaret Belmondo

Headshot of William Bogle.
Partner, Chief Compliance Officer

William Y. Bogle, IV

Headshot of Ross Breman.
Partner

Ross A. Bremen, CFA

Headshot of Timothy Bruce.
Partner, Director of Portfolio Construction

Timothy R. Bruce

Headshot of Michael Cairns.
Partner

Michael D. Cairns, CEBS

Headshot of Steven Charlton.
Partner, Director of Consulting Services

Steven F. Charlton, CFA

Headshot of Kristen Colvin.
Partner

Kristen Colvin, CAIA

Headshot of KC Conners.
Partner

KC Connors, CFA, CAIA

Headshot of Brian Donoghue.
Partner

Brian S. Donoghue

Headshot of Chenae Edwards.
Partner

Chenae W. Edwards, CPA

Headshot of John Elliot.
Partner

John M. Elliot

Headshot of Sean W. B. Gill.
Partner

Sean W. B. Gill, CFA, CAIA

Headshot of Kristi Hanson.
Partner, Director of Taxable Research

Kristi Hanson, CFA

Headshot of Karen Harding.
Partner

Karen Harding, CFA

Headshot of Rhett Humphreys.
Partner

Rhett Humphreys, CFA

Headshot of Christopher Klapinsky.
Partner, Director of Portfolio Strategy

Christopher J. Klapinsky, CFA

Headshot of Catherine Konicki.
Partner

Catherine M. Konicki, CFA, CAIA

Headshot of John Krimmel.
Partner

John R. Krimmel, CPA, CFA

Headshot of Kevin Leonard.
Partner

Kevin M. Leonard

Headshot of Christoper Levell.
Partner

Christopher A. Levell, ASA, CFA, CAIA

Headshot of Christine Loughlin.
Partner

Christine A. Loughlin, CFA, CAIA

Headshot of Allan Martin.
Partner

Allan C. Martin

Headshot of Timothy McCusker.
Partner, Chief Investment Officer

Timothy F. McCusker, FSA, CFA, CAIA

Headshot of David Moore.
Partner

David W. Moore, ARM, CEBS, CPCU

Headshot of Douglas Mosley.
Partner

Douglas W. Moseley

Headshot of Judy Murphy.
Partner, Director of Organizational Development

Judy A. Murphy, SPHR

Headshot of Phillip Nelson.
Partner, Director of Asset Allocation

Phillip R. Nelson, CFA

Headshot of Kristine Pelletier.
Partner

Kristine M. Pelletier

Headshot of Scott Perry.
Partner, Head of Portfolio Strategy

Scott F. Perry, CAIA

Headshot of Samuel Pollack.
Partner

Samuel J. Pollack, CAIA

Headshot of James Reichert.
Partner, Director of Portfolio Strategy

James E. Reichert, CFA

Headshot of Brian Roberts.
Partner

Brian Roberts, CAIA

Headshot of Kristin Reynolds.
Partner

Kristin M. Reynolds, CFA, CAIA

Headshot of Jay Roney.
Partner

Jay E. Roney, CTP

Headshot of Matthew Rowell.
Partner

Matthew Rowell

Headshot of Sarah Samuels.
Partner, Director of Investment Manager Research

Sarah Samuels, CFA, CAIA

Headshot of Neil Sheth.
Partner

Neil N. Sheth

Headshot of Bradley Smith.
Partner

Bradley S. Smith, CFA, CEBS

Headshot of Carolyn Smith
Partner

Carolyn Smith

Headshot of Michael Sullivan.
Partner

Michael P. Sullivan

Headshot of Craig Svendsen.
Partner

Craig A. Svendsen, CFA

Headshot of Gary Wyniemko.
Partner

Gary Wyniemko, CFA

Headshot of Andrew Brett.
Principal, Director of Real Assets Research

Andrew Brett, CAIA

Headshot of Richard Ciccione.
Principal, Senior Consultant

Richard K. Ciccione

Headshot of Wyatt Crumpler.
Principal, Senior Consultant

Wyatt L. Crumpler

Headshot of Lynda Dennen Costello.
Principal, Senior Research Consultant

Lynda Dennen Costello, ASA, EA

Headshot of team member Devan Dewey.
Principal, Chief Technology Officer

Devan Dewey

Headshot of Stacey Flier.
Principal, Senior Consultant

Stacey Flier, CFA

Headshot of William Forde.
Principal, Senior Consultant

William Forde, CFA, CAIA

Headshot of Daniel Gimbel
Principal, Senior Consultant

Daniel S. Gimbel, CIMA®

Headshot of Sebastian Grzejka.
Principal

Sebastian Grzejka, CAIA

Headshot of Eric Harnish.
Principal, Senior Research Consultant, Private Equity

Eric R. Harnish

Headshot of Richard Harper.
Principal, Senior Consultant

Richard J. Harper, CFA, CAIA

Headshot of Scott Harsh.
Principal, Senior Consultant

Scott B. Harsh

Headshot of team member Andrew Hone.
Principal, Senior Investment Management Attorney

Andrew Hone

Headshot of Matt Lombardi.
Principal, Chief Financial Officer

Matt Lombardi

Headshot of Dulari Pancholi
Principal, Director of Credit and Multi-Asset

Dulari Pancholi, CFA, CAIA

Headshot of Jesse Pricer.
Principal, Senior Consultant

Jesse Pricer, CFA

Headshot of Alec Rapaport.
Principal, Senior Research Consultant

Alec Rapaport

Headshot of team member Teresa Sacramone.
Principal, Senior Human Resources Manager

Teresa A. Sacramone, SPHR

Headshot of Troy Saharic.
Principal, Director of New Business Development

Troy K. Saharic

Headshot of Elton Thomaj.
Principal, Senior Research Consultant

Elton Thomaj, CAIA

Headshot of Michael Valchine.
Principal, Senior Consultant

Michael J. Valchine, CAIA, CIPM

Chairman Emeritus

Richard M. Charlton

Richard “Dick” Charlton’s investment experience dates back to 1972, when he initiated Michigan Bell’s Pension Oversight District in anticipation of the oversight requirements of ERISA. Dick also prepared financial regulatory testimony, and wrote his master’s seminar on pension fund performance evaluation. He was elected Assistant Treasurer in February 1976, overseeing the financial modeling, market research, economics, pension, and math research districts.

After an assignment at AT&T, Dick joined Merrill Lynch Capital Markets in 1981, assuming the investment consulting responsibility for over $25 billion in assets. With Merrill Lynch’s decision to leave the institutional investment consulting market at the end of 1985, Dick formed his own firm, New England Pension Consultants, now “NEPC, LLC,” converting 100% of his clients in the process. During the ensuing 35 years, NEPC has become one of the largest and most well-known investment consulting firms in the industry.

NEPC pioneered the use of alternative assets, making its first placement in 1988.  Our work in that regard has been recognized many times, most recently in 2016 when Acquisition International accorded NEPC a hedge fund award.

Dick has been influential in shaping NEPC’s impact investing capabilities, including mission-related and Environmental, Social and Governance (ESG) principles based on a deep understanding of the role that these factors can play in many investment programs.

Dick is a frequent speaker at national industry conferences and seminars. He also served as the Co-Chairman of the Consultants Performance Presentation Standards Task Force, a two-year effort by the investment consulting industry to develop standards for performance documentation, presentation and disclosure. He is also a past director of IMCA, the Investment Management Consultants’ Association. In 2013, Dick was honored at NASP-Detroit’s 7th Annual Encore Gala as the recipient of their “Measure of Excellence” Award.

Dick’s undergraduate degree is in Mechanical Engineering from the University of Detroit (1965), and his M.B.A., with emphasis in Statistics and Finance, is from Wayne State University (1972).

Location:Boston, MA

Managing Partner

Michael P. Manning, CFA, CAIA

Mike began his investment career in 1993 and joined NEPC in 1997. Mike became President of NEPC, LLC in 2003 and Managing Partner in April 2011. Mike works with a broad array of clients, covering Taft-Hartley, Public, Corporate, and Endowment/Foundation investment programs. Mike currently serves on NEPC’s Alternative Assets Committee. In addition, he is a frequent speaker at national industry conferences and seminars.

During his tenure at NEPC, Mike has co-authored many of the firm’s research reports. Some of the topics covered are market neutral hedge funds, high yield bonds, global fixed income, and mid-cap equities. In addition, he is a frequent speaker at national industry conferences and seminars. Recent speeches have dealt with conflicts of interest in Investment Consulting, uses of portable alpha, and asset allocation strategies.

Prior to joining NEPC, Mike worked in a money management division of Prudential Insurance Company of America focusing on private debt investing. Prior to Prudential, Mike worked at Putnam Investments and Fidelity Investments.

Mike earned his M.B.A., with honors, from the University of Chicago Graduate School of Business, with concentrations in Finance and Accounting. At University of Chicago, he served as a member of the school’s Admission’s Committee. He received his B.A. from the University of Notre Dame. Mike is a member of the Boston Security Analyst Society and the CFA Institute. Mike is a CFA charter holder and he also became a Chartered Alternative Investment Analyst (CAIA) designee in 2005.

Location:Boston, MA

Partner, Director of Portfolio Services

Lenia M. Ascenso

Lenia joined NEPC in 2014 and has over 20 years of experience in investment operations. As Director of Portfolio Services, Lenia has responsibility for the Discretionary Operations team as well as NEPC’s Performance Reporting teams. Lenia also works on new business opportunities and other strategic initiatives related to the growth of the OCIO business and technology initiatives.

Lenia is a member of the Firm’s Digital Business Steering Committee which sets the direction and oversees the overall technology program for the Firm. In her career, Lenia has authored white papers related to operational best practices for OCIO providers as well as operational considerations for alternative strategies structured within regulated mutual fund constructs.

Prior to joining NEPC, Lenia was Executive Director, Senior Product Manager at J.P. Morgan Chase, where she was responsible for Fund Services products including fund accounting and fund administration for registered and unregistered products. Before J.P. Morgan, Lenia spent six years at Wellington Management Company in various roles including Vice President within Hedge Fund Administration. Lenia began her investment operations career at Investors Bank and Trust where she spent seven years as an Account Manager in Fund Accounting and Custody Operations.

Lenia earned a B.A. from Colby College and M.B.A., Concentration in Finance from Suffolk University.

Location:Boston, MA

Partner

Samuel M. Austin, III

Sam Austin, based in Redwood City, California, manages NEPC’s Western Region public fund consulting activities. For 32 years, Sam has offered consulting advice to public fund, corporate, multi-employer, endowment and eleemosynary clients. In 2020, he was elected by his fellow Partners to represent them on NEPC’s Executive Committee. Sam also serves as Chair of the firm’s Diversity & Inclusion Board, Co-Chair of the Diverse Manager Committee and a member of the Impact Investing Committee.

Prior to joining the Partnership at NEPC in 2017, Sam was a Senior Vice President at FIS Group (now Xponance) for five years, where he advised pension clients on the portion of their asset allocation dedicated to emerging managers. Sam contributed to manager selection decisions as a Voting Member of the Investment Committee at FIS. Previously, Sam worked for 10 years at Virtus Investment Partners where he held the position of Executive Managing Director. As a Member of the Virtus Executive Committee, reporting to the CEO, he was a key participant in the strategic planning and implementation for the spin-out of multiple boutique money management subsidiaries from Phoenix Insurance. Earlier in his career, Sam was a Principal and Team Leader for the Public Fund and Taft-Hartley businesses at Barclays Global Investors (now BlackRock). He also served initially as a Portfolio Strategist for Quantitative Equities and later as Principal and Co-Head of Marketing at Bankers Trust Company (now Deutsche Bank).

Sam was the founding President of the New York Chapter of the National Association of Securities Professionals (NASP-NY), where he created the NASP-NY Trustee Education Seminar in 1994. His initiative to launch the NASP Finance and Scholastic Training Track (“FAST Track”) Program in New York has been adopted by other local chapters of NASP around the country and has introduced hundreds of inner-city high school students to careers in banking, finance and asset management. Sam was inducted into the NASP-NY Wall Street Hall of Fame in 2013. Outside of his vocation, Mr. Austin also serves as Executive Pastor of his local church in the San Francisco Bay Area. Sam earned his M.B.A. degree in Finance from the Questrom School of Business at Boston University and a Bachelor of Science degree from Boston University.

Location:Redwood City, CA

Partner

Margaret Belmondo

Margaret Belmondo joined NEPC in October 2016 with her investment experience dating back to 2001. Margaret sits on the Public Fund Team with broad responsibilities in all facets of client management, including investment policy development, asset allocation, investment manager selection, performance and risk measurement, and asset/liability studies. Margaret is also co-Chair of NEPC’s Women’s Leadership Forum and serves on the Diversity and Inclusion Board.

Previously, Margaret was at the PFM Group of Philadelphia, PA, where she was a Director in the asset management group. There, she collaborated with trustees, investment committees and plan sponsors to develop and implement investment objectives, policies, strategies and on-going tactical portfolio moves. She was a member of the investment research team responsible for conducting due diligence on investment managers, including those running alternative strategies such as private equity and hedge funds. Margaret participated in Multi-Asset Class Investment Committee meetings and oversaw the Emerging Manager Program, which focused on selecting qualified minority- and women-owned business enterprises (MWBE).

Prior to that she was a Senior Investment Consultant at SEI Investments in Oaks, PA. She provided private wealth management services to a group of high net worth and institutional clients including individuals, family offices, and foundations with greater than $750 million in assets under management and advisement.

Margaret is a Board Member and serves as Investment Committee Chair of Women Against Abuse, a non-profit organization serving a diverse population of survivors of domestic violence in Philadelphia. She is a 2016 graduate of LEADERSHIP Philadelphia, a non-profit organization that mobilizes and connects talent of the private sector to serve Philadelphia. Margaret earned a B.A. in Finance from Villanova University. 

Location:Philadelphia, PA

Partner, Chief Compliance Officer

William Y. Bogle, IV

Bill joined NEPC at its inception in January 1986. Today he is a Partner in the firm with two areas of responsibility: Compliance and Operational Due Diligence. He is a member of the firm’s Management Group and Alternative Asset Committee.

As NEPC’s Chief Compliance Officer, Bill is charged with monitoring external compliance requirements and developing internal control procedures. Responsibilities include interaction with regulators, client contracts, our Code of Ethics, confidentiality agreements and our Privacy Policy, employee personal trading, and gift/entertainment reporting.

Regarding Operational Due Diligence, Bill manages a team that evaluates hedge fund operations. This requires in-depth analysis of hedge fund managers to assess all facets of their trading, risk management, compliance and back office procedures. He meets with managers on a regular basis and attends industry conferences sponsored by organizations such as the Boston Hedge Fund Group and the Hedge Fund Business Operations Association.

For many years Bill managed NEPC’s own internal operations, including our performance measurement and client reporting process. This entailed monitoring all the investment managers and custodian banks employed by our clients, and managing production of our quarterly performance reports. He was our liaison with State Street (formerly Deutsche Bank and Bankers Trust Company) for the ICC and was the chairman of the ICC Product Development Committee. For three years Bill assisted with CIPM program development as a consultant to the CFA Institute. Prior to joining NEPC, he worked as an Analyst for Berents Capital Management in Boston and for the Hartford Insurance Group.

Bill received his M.B.A. in Finance from Babson College and his B.A. in Mathematics from Bates College.

Location:Boston, MA

Partner

Ross A. Bremen, CFA

Ross’ investment career began in 1992, and he joined NEPC in 2005. Ross works with defined contribution plans in all aspects of plan evaluation. Ross is a regular speaker at conferences and has co-authored several pieces for NEPC, including “Stable Value on the Brink, But Surviving” and “The Automated Defined Contribution Plan.” He has also co-authored several opinion letters to the Department of Labor and testified in the Department of Labor/Securities and Exchange Commission Joint Hearings on Target-Date Funds, the Department of Labor/Treasury Joint Hearings on Lifetime Income Solutions, and the Department of Labor Definition of Fiduciary Hearings. Ross has led the effort behind NEPC’s annual Plan and Fee Survey, has been interviewed multiple times in industry publications such as PIMCO’s DC Dialogue and is frequently quoted in the press. Ross is also a founder of the Defined Contribution Institutional Investment Association (DCIIA) and is the former Chair of the Public Policy Committee. Ross has been nominated several times for 401kWire’s Hundred Most Influential People in Defined Contribution.

Prior to joining NEPC, Ross worked at Hewitt Associates as a Senior Investment Consultant. As a Senior Investment Consultant, Ross was responsible for designing institutional retirement plan investment strategies for defined contribution Plans. Ross also managed client relationships, created investment policy statements, advised on asset allocation and selection of investment managers.

Prior to working at Hewitt Associates, Ross worked at The First National Bank of Chicago as a Portfolio Manager and Assistant Vice President.

Ross earned an M.B.A. from Northwestern University and also received his B.A. from Northwestern University. In addition, he holds the Chartered Financial Analyst designation.

Location:Boston, MA

Partner, Director of Portfolio Construction

Timothy R. Bruce

Tim is the Director of Portfolio Construction. In this role Tim works with NEPC’s clients to solve portfolio construction and asset class implementation questions. Tim and his team work across all of NEPC research to incorporate the Firm’s best ideas in public and private markets. The Portfolio Construction Team works in tandem with clients to analyze their exposures through a quantitative and qualitative lens that is specific to the portfolio goals and objectives of each client.

As a research team leader, Tim is a member of multiple investment committees at NEPC. A frequent conference speaker, Tim has authored multiple white papers across a broad range of asset classes and investment strategies. Outside of his formal research responsibilities, Tim consults to all of NEPC’s client segments.

Tim received his M.B.A. from The University of Chicago Booth School of Business, with concentrations in Finance and Strategic Management. Tim received his B.A. in Economics from Brown University.

Location:Tampa, FL

Partner

Michael D. Cairns, CEBS

Mike’s investment and benefits consulting career in the Taft-Hartley market dates back to 1988. Mike joined NEPC in January 2007. In addition to his work with clients, Mike is a part of the Diversified Manager Committee for NEPC.

Prior to joining NEPC, Mike was a Senior Investment Consultant at The Marco Consulting Group. Prior to The Marco Consulting Group, he was an Actuarial/Benefits Consultant on both pension and welfare plans for the Taft-Hartley unit of Milliman & Robertson, Inc., an international actuarial firm in San Francisco, CA. Mike spent over five years as the Regional Manager for Zenith Administrators, Inc., a national third-party administrator of Taft-Hartley benefit plans. Prior to his involvement in the multi-employer arena, Mike worked in the public accounting field. He is a Certified Employee Benefit Specialist (CEBS), is a member of the ISCEBS and has been a speaker at the International Foundation of Employee Benefit Plans (IFEBP) Annual Conference, the IFEBP Investments Institute and the National Coordinating Committee of Multi-Employer Plans (NCCMP).

Mike received his undergraduate degree in Accounting from Illinois College in Jacksonville, Illinois.

Location:Boston, MA

Partner, Director of Consulting Services

Steven F. Charlton, CFA

Steve provides strategic leadership in multiple areas at NEPC, including design and strategic direction for NEPC’s Discretionary OCIO business. Prior to his current role Steve was the head of NEPC’s overall client-facing consulting business for four years and the head of one of NEPC’s major business lines for over ten years. Steve is a member of NEPC’s Discretionary OCIO Committee, Management Group, Traditional Due Diligence Committee, and is involved in many of the technical projects performed at NEPC. Steve is a frequent speaker at national industry conferences, he is the author of multiple research and technical papers and is often quoted in the popular press.

Prior to joining NEPC in 1996, Steve worked as an Investment Specialist at Putnam Investments, where he was responsible for helping clients understand the products and performance offered through Putnam. Steve worked with Putnam’s clients to develop cohesive plan designs and investment policy statements and help plan sponsors better evaluate their long-term objectives and plan performance.

Steve earned a B.A. with two majors, Economics and English Writing, from St. Lawrence University in 1991. Steve is a CFA charter holder and a member of both the Boston Security Analysts Society, and the CFA Institute.

Location:Boston, MA

Partner

Kristen Colvin, CAIA

Kristen returned to NEPC in 2018, having previously worked at the firm from 2005 to 2011. She heads the Defined Contribution Practice at NEPC and specializes in consulting to defined contribution plans. Kristen works with clients on plan design and investment policy development, investment manager research and selection, fiduciary governance responsibilities and various technical projects. Kristen is a frequent speaker at industry conferences and is currently a member of the Executive Committee for the Defined Contribution Institutional Investment Association.

Kristen’s investment experience dates back to 2005. Prior to rejoining NEPC’s investment consulting practice, Kristen worked in Consultant Relations and Investment Solutions roles at MFS Investment Management.

Kristen graduated with a Master of Science degree in investment management from Boston University and earned a bachelor’s degree in economics from the College of the Holy Cross. She holds the Chartered Alternative Investment Analyst (CAIA) Association designation.

Location:Boston, MA

Partner

KC Connors, CFA, CAIA

KC joined NEPC as a Partner and has over thirty years as a business leader and Director of NEPC’s Philanthropic Practice (Endowment & Foundation and Healthcare) and Private Wealth Director for NEPC and is a Management Committee Member. KC founded NEPC’s Impact Committee in 2013 and the Women’s Leadership Forum in 2017 and was instrumental in establishing NEPC’s Diversity, Equity and Inclusion Initiative in 2018.  KC serves as one of eight partners on NEPC’s Diversity and Inclusion Board and serves on the Impact Committee and the Women’s Leadership Forum.

In 2015, KC was named on CIO magazine’s ranking of the ‘World’s Most Influential Investment Consultants’ as one of the top ten Specialist consultants for her endowment/foundation and healthcare expertise. In both 2014 and 2013, KC was recognized by CIO magazine in their edition titled “The Knowledge Broker” as one of the top 25 world’s most influential investment consultants.

Prior to joining NEPC, KC was a Principal at Jeffrey Slocum & Associates.  KC was a member of the Executive Committee responsible for overseeing the firm’s strategy and planning, hedge fund investment strategy, legal, risk management and human resources. Prior to Slocum, KC was a Consultant at Wyatt Investment Consulting and Ennis, Knupp & Associates.

KC earned her M.B.A., with honors, from the University of Chicago and a B.S. in Decision Sciences from Indiana University. KC holds the Chartered Financial Analyst (CFA) and Chartered Alternative Investment Analyst (CAIA) designations.  KC is currently sitting for the ESG Designation through the CFA Organization.

KC was a member of Young Presidents’ Organization and has served on several boards in leadership capacities. KC was the Chair of the Visitation Board, Treasurer of the Courage Center, and has served on the Boards of The Jeremiah Program National Board, the Ripley Foundation, the Apostle Islands Community Foundation, and the Girl Scouts Finance Committee.

Location:St. Paul, Minnesota

Partner

Brian S. Donoghue

Brian’s investment experience dates back to 1996 when he interned as a broker assistant at Cowen and Company. He joined NEPC in 2006 and has been working with defined contribution plans in all aspects of plan design and evaluation. He is a member of NEPC’s Due Diligence Committee and the Fixed-Income Advisory Group. Brian regularly speaks at conferences and co-authored pieces for NEPC, including “Mapping – What the New Regulations Suggest for Defined Contribution Plans,” and “Stable Value on the Brink, But Surviving.”

Prior to joining NEPC, Brian worked at Fidelity Investments as a client service manager.
Brian received his M.B.A. from Clark University’s Graduate School of Management and his B.A. in Finance from the University of Massachusetts at Amherst.

Location:Boston, MA

Partner

Chenae W. Edwards, CPA

Chenae is a member of the Philanthropic Practice Group, advising healthcare organizations, endowments and foundations. She is recognized as an asset allocation specialist and serves on NEPC’s Asset Allocation Committee, which oversees the development of asset class assumptions and general client actions for the firm. Chenae authored the white paper, Nonprofit Organizations: Annual Audit Survival Guide, focused on equipping nonprofit finance professionals with tools to prepare for their annual financial statement audits. She also co-chairs the firm’s Diversity, Equity and Inclusion Network. Chenae led a fireside chat entitled “Is the Investment Industry Ready to Be Color BraveTM?” where she interviewed Mellody Hobson, Co-CEO and President of Ariel Investments, about diversity in finance in February 2020. Most recently, Chenae authored a piece, Healthcare Systems, Foundations Look to Impact Investing, highlighting how organizations are driving impact through their investment portfolios.

Prior to joining NEPC in 2013, Chenae worked at Goldman Sachs in Private Wealth Management and at Sovereign’s Capital as an Analyst focused on investments in frontier markets. Chenae also worked at PricewaterhouseCoopers as a Senior Associate in the Financial Services Audit Practice where she focused on the banking and asset management industries.

Chenae holds an MBA from Tuck School of Business at Dartmouth and a B.S. from North Carolina A&T State University. She is a Certified Public Accountant licensed in North Carolina and a Level III CFA candidate. Chenae serves as an Executive Advisory Committee member for the Willie A. Deese College of Business and Economics at North Carolina A&T State University. She is also a member of Alpha Kappa Alpha Sorority.

Location:Washington, D.C.

Partner

John M. Elliot

John joined NEPC in August 2003, having been in the investment business since 1992. John is the team leader for the NEPC Taft-Hartley Consulting Practice. Prior to joining NEPC, John was the Western Regional Director for the Marco Consulting Group (MCG) from 1999 to 2003 where he succeeded in developing a west coast presence in the Taft-Hartley market for MCG. In addition to developing new client relationships in the west coast, John also worked with clients to facilitate asset allocation studies, asset-liability studies, manager searches and performance measurement.

Before joining MCG in 1999, John was a Vice President with Weiss, Peck & Greer Investment Management. John led the marketing and client service efforts for Taft-Hartley funds in the western region. He also co-created the American Labor Alliance that brought together a recordkeeping capability, an administrative capability, and investment options for Taft-Hartley plans that wanted to offer their participants the ability to save additional assets and provide direction for their retirement plans.

John has spoken at the last five national conferences for the IFEBP, speaking twice about Portable Alpha and once on the top ten mistakes money managers make in presenting to trust funds and most recently discussing opportunistic investment strategies. John also has made educational presentations to numerous Taft-Hartley functions including the Southern California Administrators Association and the Central Valley Labor Council.

In 2005, John was named Taft-Hartley Consultant of the Year by Money Management Letter. John holds an A.B. in Political Science from the University of California at Berkeley (1992).

Location:Las Vegas, NV

Partner

Sean W. B. Gill, CFA, CAIA

Sean joined NEPC in March 2000, with his investment experience beginning in 1998. Sean oversees our alternative assets group and works with all aspects relating to the alternative asset investment class. Specifically, he has evaluated private equity, absolute return, real assets (real estate, timber, and commodities) and other non-traditional assets and the roles of these strategies in client portfolios. He works with all types of clients in designing alternative asset class investment policy guidelines, portfolio structuring, plan implementation, manager selection, and performance measurement and monitoring. Sean is a member of the firm’s Alternative Asset Investment, Partner’s Research and Partners Executive Committees.

Prior to joining NEPC, Sean worked as an associate at M.B.G. Associates, a human resources consulting firm, where he researched and analyzed employment law issues. While in law school, Sean worked for the Cook County State’s Attorney Office, where he helped prepare felony prosecutions. Additionally, while pursuing his legal studies, he served as a floor clerk at the Chicago Board of Trade for Refco. Earlier, Sean worked for Smith Barney Shearson where he prepared quarterly portfolio reviews for dozens of high net-worth and pension fund clients.

Sean received his J.D. in Corporate Law from Loyola University of Chicago, his M.B.A. in Finance and Investments from the University of Notre Dame and his B.S.F.S. in International Economics from Georgetown University. He has been admitted to the Massachusetts Bar. He became an inaugural Chartered Alternative Investment Analyst designee in 2003, and is also a Chartered Financial Analyst.

Location:Boston, MA

Partner, Director of Taxable Research

Kristi Hanson, CFA

Kristi joined NEPC in 2017 as a Partner and member of the Research Group as Director of Taxable Research in 2017. Kristi has twenty-eight years of investment research and advisory experience in the Private Wealth marketplace. Kristi has extensive experience in alternative investments, investment research, portfolio management and serving as a client advisor. She has partnered with family offices and ultra-high net worth individuals in selecting appropriate investments customized to meet their unique needs. Kristi also serves on NEPC’s Discretionary Committee, Alternative Assets Committee and the Due Diligence Committee.

Prior to joining NEPC, Kristi spent eighteen years at CTC l myCFO and its predecessor companies where she held a number of senior leadership roles. Most recently, she was Managing Director and Director of Research overseeing a staff of 23 research professionals across a vast spectrum of investments. She chaired the Research Directors Committee, where she directed the evaluation and recommendation for all managers included in client investment portfolios. Additionally, Kristi was the lead portfolio manager on several hedge fund of funds and a member of the CTC | myCFO Operating Committee and the Investment Advisory Management Committee. Previously at CTC | myCFO Consulting, she served as President and Director of Research, Director of Hedge Fund Research and Director of Alternative Research.

Prior to her roles at CTC | myCFO, Kristi was the Director of Research for Genesee Investments, and hedge fund of funds in Bellevue, Washington, and also previously worked at KPMG as an auditor in their financial services practice.

Kristi earned her B.S. with highest honors, with majors in accounting and finance, from the University of Idaho. Kristi holds the Chartered Financial Analyst (CFA) designation and is a member of the CFA Society of Portland, Oregon. She serves on the University of Idaho Foundation Board, is an Advisory Board member for Women’s Venture Capital Fund II and is a member of the Endowment Committee of The International School in Portland.

Location:Portland, OR

Partner

Karen Harding, CFA

Karen is a Partner and the Team Leader of our Private Wealth Practice Group. Karen brings twenty-nine years of industry experience, having worked in the investment advisory industry for the majority of her career, specifically servicing wealthy families and individuals. Karen is experienced across all facets of wealth management and works directly with clients to set strategy, develop policy and construct customized portfolios designed to meet their individual needs. In additional to her client and Team Leader responsibilities, Karen is also a member of NEPC’s Partners Research Committee as well as NEPC’s Women’s Leadership Forum.

Prior to joining NEPC, Karen spent twenty-one years at CTC|myCFO and its predecessor companies, serving in a number of leadership roles. Most recently, she served as Managing Director and co-head of the Investment Advisory Services team, chaired the Investment Advisory and Fiduciary Services Management Committee and was a key member of the executive team. Prior to her roles at CTC | myCFO, Karen was a Senior Analyst and Investment Manager Specialist at R.V. Kuhns and Associates.

Karen earned her B.A. with highest honors in finance and minors in economics, French and Russian from Oregon State University, and an MBA with honors from Portland State University in Oregon. She is a CFA charter holder and member of the CFA Society of Portland. She previously served on the board of the CFA Society of Portland and served as the Vice-Chairman of Oregon State University Foundation Investment Committee. She currently serves on the Investment Committee of the Oregon Community Foundation, helping to oversee nearly $2 billion in assets dedicated to improving the lives of all Oregonians. During her free time, Karen enjoys gardening, boating, and traveling with her husband and three children.

Location:Portland, OR

Partner

Rhett Humphreys, CFA

Rhett started his investment career in 1996 and joined NEPC in 1997. His consulting responsibilities and background include servicing public pension plans, corporate pension plans, endowments, foundations, health-care entities, and Taft-Hartley pension funds. He works out of NEPC’s Atlanta office.

While at NEPC, Rhett has served as a Research Analyst, Consultant, Practice Team Leader, and Management Group Leader. He led NEPC’s national Public Fund Practice Team from March 2011 through August 2013, helping to ensure a singular focus by the team on issues related to US public funds. In September 2013, Rhett joined the NEPC Management Group and assumed leadership of the firm’s Public Fund/Taft-Hartley Practice Group. As a ‘player-coach,’ his consulting responsibilities include state-wide funds and local municipalities.

Prior to joining NEPC in 1997, Rhett worked in Portfolio Accounting with State Street Bank and Trust Company with over $1.6 billion of client assets under his responsibility. Prior to that, he worked in the Investment Division of the Louisiana State Employees’ Retirement System (LASERS) where he reported to the Chief Investment Officer. Before that, he worked as a Policy Analyst Intern for the Public Affairs Research Council of Louisiana, where his research was published. He is a veteran of the United States Army.

Rhett completed three degrees from Louisiana State University; he earned a B.A. in Sociology, a Master of Science in Finance, and a Master of Public Administration. While at LSU, he was admitted to Beta Gamma Sigma, named Who’s Who Among American College and University Students, elected as the Graduate Student Association President, and served on the Chancellor’s Strategic Planning Committee.

Rhett has earned the right to use the CFA designation. In January 2009, he was nominated as the Public Plan Consultant of the Year by Money Management Letter.

Location:Atlanta, GA

Partner, Director of Portfolio Strategy

Christopher J. Klapinsky, CFA

Chris joined NEPC in October of 2001, with his investment experience dating back to 1996. Chris is a member of the Discretionary Team and spends the majority of his time strategically building, maintaining, and opportunistically adjusting discretionary portfolios, in coordination with the lead consultants, on various client accounts. He is the consistent link between the NEPC client team and the Discretionary Committee who ultimately approves initial and ongoing asset allocation changes in discretionary portfolios. Chris continues to have a heavy focus on Endowment and Foundation clients and maintains an ongoing dialogue with NEPC’s Endowment and Foundation Group where he worked for eight years.

In addition to his client responsibilities, Chris has extensive experience in asset allocation modeling, risk budgeting, performance analysis, and investment manager research. He is a member of the Partners Research Group, the Alternative Assets Committee, and the Fixed Income Advisory Group.

Prior to joining NEPC, Chris was a Vice President in product development and marketing for the fixed income department at Loomis Sayles and Company. He was responsible for creating new fixed income products and strategic positioning. Previously at Loomis, Chris worked as a quantitative analyst and was responsible for developing foreign currency scenario analysis and building GIPS compliant composites for over $29 billion in assets. Prior to his employment at Loomis Sayles he worked at State Street Bank where he reconciled and priced mutual funds. Other previous employers include The Vanguard Group.

Chris is a CFA charter holder and is a member of the Boston Security Analysts Society and the CFA Institute. He holds a B.A. in Economics from Denison University.

Location:Boston, MA

Partner

Catherine M. Konicki, CFA, CAIA

Cathy’s investment and consulting career began in 1980, and she joined NEPC in 1991. At NEPC, Cathy is a partner and senior consultant to endowment, foundation and healthcare clients.  She is also a member of NEPC’s Alternative Assets Committee and Diversity and Inclusion Board.  Cathy’s background includes actuarial experience at an employee benefit firm, client servicing of performance measurement products at a major master trust bank and investment manager research at an independent consulting firm.  She is a frequent speaker at industry conferences, where she generally is asked to speak about endowment and foundation trends.

Cathy is a member of Phi Beta Kappa and has B.S. and M.B.A. degrees from Boston College (1980 and 1985).  Cathy is a CFA charter holder and is a member of the Boston Security Analysts Society and the CFA Institute.  Cathy also became a Chartered Alternative Investment Analyst designee in 2007.  Cathy is currently on the Board of The Philanthropy Connection, Jeremiah Program – Boston, and the Boston Area Gleaners.

Location:Boston, MA

Partner

John R. Krimmel, CPA, CFA

John’s investment career began in 1990, and he joined NEPC in 2010. At NEPC, John assists clients with the development of investment policies and objectives, the evaluation and selection of investment managers, and the measurement and analysis of investment performance. He is also a member of the Manager Diversity Program Advisory Committee. Prior to NEPC, John was a Senior Consultant and Senior Vice President at Callan Associates, with broad responsibility in all facets of client management including public, corporate and endowment and foundation clientele. While at Callan, John was a member of its Manager Research Committee and Alternatives Review Committee.

Prior to Callan, John was the Chief Investment Officer at the Kentucky Retirement System and at the State Universities Retirement System of Illinois. Early in his career he worked in Public Accounting at Deloitte and Touche, LLP.

He served in the U.S. Coast Guard and was awarded a Commandant of the Coast Guard’s Letter of Commendation. John has an M.S. in Accountancy from the University of Illinois and a B.S. in Accounting from Millikin University. John is a Certified Public Accountant and holds the Chartered Financial Analyst designation.

Location:Atlanta, GA

Partner

Kevin M. Leonard

Kevin joined NEPC in 2007 and his career in the financial services industry began in 1991 and the investment consulting industry in 1994. His consulting responsibilities and background include servicing public pension plans, Taft-Hartley pension funds, hospital, endowments, and foundations. Kevin is the team leader for the NEPC Public Fund Consulting Practice and is also a member of NEPC’s Due Diligence Committee and Large Cap Equity Research Advisory Committee.

Prior to joining NEPC, Kevin was a Vice President/Partner at Segal Advisors. Prior to working at Segal Advisors, he was a Consultant at The Hannah Consulting Group, and worked at State Street Bank and Trust Company.

Kevin received his B.A. in Business Management from Assumption College. He served on the Board of Directors for the Massachusetts Public Pension Forum and is a frequent speaker at educational conferences and association seminars. Kevin was recognized as the 2012 Public Plan Consultant of the Year by Money Management Intelligence. Kevin was also a nominee for the same award in 2011. Kevin was named in Chief Investment Officer magazine’s 2019 Knowledge Brokers list as one of the world’s most influential investment consultants.

Location:Boston, MA

Partner

Christopher A. Levell, ASA, CFA, CAIA

Chris’ consulting career began in 1987, and he joined NEPC in 2005. He currently is a Partner in Asset Allocation Research, working with the Asset Allocation team on strategic topics applicable to many clients, as well as one-time special projects. Chris has initiated several roles at NEPC in research and consulting, including forming the Asset Allocation team and leading the Corporate Practice Group. He advises many clients on strategic asset allocation and led the development of risk budgeting, scenario forecasting and liquidity analysis at NEPC. With his background as an actuary, Chris has significant experience in helping clients make strategic decisions on the coordination of asset allocation with plan design, contributions, and financial statements. He has assisted clients on over 300 asset-liability studies.

Prior to joining NEPC, Chris was a Principal with Mercer Investment Consulting, serving as a lead consultant as well as an asset-liability project consultant. In 1997, he was charged with developing Mercer’s US asset-liability modeling capability. Prior to joining Mercer in 1987, Chris was an actuarial analyst at Allstate Life Insurance Company.

Chris is a frequent speaker at conferences on pension strategy and co-authored a chapter in Positioning Pensions for the Twenty-First Century.

Chris holds a bachelor’s degree in actuarial science from the University of Illinois at Urbana-Champaign. He is an Associate of the Society of Actuaries and a Fellow of the Conference of Actuaries. In addition, he holds the Chartered Financial Analyst (CFA) and Chartered Alternative Investment Analyst (CAIA) designations, and is a member of the Boston Security Analysts Society.

Location:Manchester, NH

Partner

Christine A. Loughlin, CFA, CAIA

Christine began her career in the investment industry in 1995 and joined NEPC in 2003. Prior to 2019, she headed the Defined Contribution Practice at NEPC for over a decade. She specializes in consulting to defined contribution plans on plan design, investment and governance issues. Christine is a regular speaker at conferences and has co-authored several pieces for NEPC, including “Participants Can Sue You, LaRue v. DeWolff,” “Mapping – What the New Regulations Suggest for Defined Contribution Plans,” “TIPS for Defined Contribution Investors,” “Roth 401(k) Revisited,” and “When Did Defined Contribution Get So Complex? Outsourcing Certain Functions of Your DC Program.”

Prior to joining NEPC, Christine worked as an investment consultant at Watson Wyatt, spending five years in the Wellesley, MA office and two years in the London office. She also worked at Pioneer Investment Management in Boston, and Heiden Associates and Peter D. Hart Associates, both in Washington DC.

Christine received her Master’s degree in Finance in 2003 from the London Business School. She received her B.A. in Economics from the University of Massachusetts in Amherst in 1992. Christine holds the Chartered Financial Analyst and the Chartered Alternative Investment Analyst designations.

Location:Boston, MA

Partner

Allan C. Martin

Allan joined NEPC in 2000. In March 2008, Allan was recognized as Public Plan Consultant of the Year by Money Management Letter. In 2012, Allan was recognized by aiCIO as one of the top 25 of the World’s Most Influential Investment Consultants, ranking number 2. In 2018, Allan was named in CIO magazine’s “The Knowledge Brokers 2018” edition as one of the world’s most influential investment consultants and at the CIO Innovation Awards he was named consultant of the year.

Prior to joining NEPC, Allan worked for four years at Dresdner RCM Global Investors in San Francisco as Managing Director/Principal, Global Marketing and Client Services. While there, he managed the global marketing activities of DRCM, and played a lead role in the acquisition of RCM by Dresdner and the subsequent repositioning of RCM to a global asset manager.

Prior to Dresdner RCM, Allan worked at Bankers Trust Company, in New York, for twenty-six years in various investment management, consulting, and trustee/master custody capacities. While at BT, he oversaw the establishment of the Passive Products Group, BT’s Investment Consulting Group and the Master Trust On-line Reporting activities. His last position at BT was Managing Director of the $400 Billion Global Retirement Services Group, the umbrella organization encompassing the full array of BT’s investment and administrative services for public and private pension and endowment funds.

Allan earned an M.B.A. in Finance/Operations Research from Stanford University in 1969, and a B.A. in Mathematics, cum laude, from Stanford in 1967. He is a member of Phi Beta Kappa and the Stanford Faculty Club.

Location:Redwood City, CA

Partner, Chief Investment Officer

Timothy F. McCusker, FSA, CFA, CAIA

Tim joined NEPC in 2006 and began his career in the investment industry in 2002. Tim is responsible for overseeing Investment Research at NEPC, a group of 59 professionals including dedicated teams focusing on Alternative Investments, Public Markets, and Asset Allocation. As CIO, Tim leads investment strategy development for NEPC including market assessment and outlook, communication of key themes and best ideas, as well as evaluation of investment strategies. Tim also works closely with a wide variety of clients to construct investment portfolios to meet their long-term objectives. Tim chairs the Partners’ Research Committee, and is a member of the Public Markets and Alternative Research Due Diligence Committees and the Asset Allocation Committee. Additionally, Tim is a member of the firm’s Management Group. Tim was named in CIO magazine’s “The Knowledge Brokers 2016” edition as one of the world’s most influential investment consultants. In 2015, Tim topped CIO magazine’s 2015 annual ranking of the world’s most influential investment consultants in the Generalist consultant category. In 2014, Tim was recognized by CIO magazine in their edition titled “The Knowledge Broker” as one of the top 25 of the world’s most influential investment consultants. Tim ranked 6th out of the 25 consultants recognized.

Prior to becoming Chief Investment Officer, Tim served as NEPC’s Director of Traditional Research, overseeing long-only manager research and Asset Allocation. Previously, Tim worked in Asset Allocation and Manager Research functions, where his responsibilities included maintaining and developing asset allocation models and frameworks used broadly by NEPC clients as well as Global Asset Allocation and Risk Parity manager research. Before joining NEPC, Tim was an associate at Towers Perrin, where he provided actuarial consulting advice and addressed plan asset-liability issues for clients.

Tim earned his B.A. in Mathematics from Colgate University. He is a Fellow of the Society of Actuaries (FSA), and holds the Chartered Financial Analyst (CFA) and Chartered Alternative Investments Analyst (CAIA) designations.

Location:Boston, MA

Partner

David W. Moore, ARM, CEBS, CPCU

Dave’s investment career began in 1997 at Ford Motor Company. He joined NEPC in January of 2006. Dave is the practice leader for NEPC’s healthcare consultants. Dave’s consulting responsibilities include servicing healthcare systems, endowments, foundations, insurance clients and corporate plans. He is also a member of the Liability-Driven Investing Advisory Group.

Prior to joining NEPC, Dave was employed for thirteen years by Ford Motor Company. While at Ford, Dave managed the Portfolio Management Department, where he led a five person team responsible for investing the firm’s global cash and fixed income investments (excess of $50 billion) and pricing Ford Credit’s global commercial paper programs. His responsibilities also included developing fixed income investment strategies (duration and sectors), reporting monthly investment returns and market overviews to the Executive Committee, and ensuring Sarbanes-Oxley compliance of the Portfolio Management Department. Dave also had oversight responsibilities of external asset managers with cash and insurance mandates ($7 billion). Dave participated on the corporate interest rate forecast committee and executed the company’s debt repurchase program.

Prior to that role, Dave was the internal consultant to Ford’s European Pensions (both defined benefit and defined contribution) in the Pension Asset Management Department. His responsibilities included advising Ford’s European affiliates’ (12 plans; 7 countries, including Ford UK, Jaguar, Land Rover, Aston Martin, and Volvo) Trustee Boards on asset allocation, manager selection, changes in local government requirements, as well as conducting training sessions. Dave was also a member of the global investment strategy committee for the Ford pension plans.

Prior to his role in Pensions, Dave held a variety of Treasury positions while at Ford, including Corporate Business Development, Long Term Debt Issuance, Investor Relations, Balance Sheet Management and Forecasting, and Risk Management and Insurance.

Dave received an M.B.A. from the University of Detroit Mercy, graduating with Honors. Dave has a Bachelor of Business Administration degree from Temple University, where he graduated cum laude, with majors in Risk Management and Insurance and Finance. He is a Chartered Property Casualty Underwriter, an Associate in Risk Management and a Certified Employee Benefits Specialist.

Location:Charlotte, NC

Partner

Douglas W. Moseley

Doug’s investment experience dates back to 1995, and he joined NEPC in 1998. Doug works with a broad range of clients, including public funds, corporate plans and endowments. Doug serves on NEPC’s Executive Committee and is also a member of NEPC’s Traditional Due Diligence Committee and the Fixed Income Advisory Group.

Prior to joining NEPC, Doug worked for three years as a Senior Investment Analyst for the Massachusetts Pension Reserves Investment Management (“PRIM”) Board, a $21 billion public fund. While at PRIM, he assisted in asset allocation reviews and manager searches and monitored portfolio compliance. Prior to working at PRIM, Doug worked for State Street Bank & Trust Co. as a Fund Auditor and Portfolio Accountant in their Public Funds Division.

Doug earned an M.B.A. from Bentley College in 1999, and a B.S. in Business Administration from the University of Massachusetts at Amherst in 1993. He currently serves as a Board member for the Quincy Community Action Program, a not-for-profit providing services to lower-income residents in the communities south of Boston.

Location:Boston, MA

Partner, Director of Organizational Development

Judy A. Murphy, SPHR

Judy joined NEPC in 2009, and her career as a human resources executive within the financial services sector began in 1983. At NEPC, Judy is responsible for directing all Human Resources activities for the firm, overseeing employee communications, managing and implementing all business process planning and developing quality measurement and improvement programs.

Prior to working at NEPC, Judy was the proprietor of Berkshire HR Consulting Services. At Berkshire, Judy advised a number of financial firms in key areas such as aligning HR business plans with company goals and objectives, overseeing and delivering talent acquisition, employee relations, training, compensation and policy management services. Prior to founding Berkshire, Judy worked at Investors Bank & Trust Company where she was the Managing Director of Human Resources. At Investors Bank & Trust Company her responsibilities included managing and directing a staff of 50 Human Resources professionals in the staffing, training, development, compensation, benefits, employee relations and employee communications areas. Judy also had HR responsibility for all U.S. sites as well as Ireland and Canada with a total population of over 3000 employees.

Before Investors Bank & Trust Company, Judy was employed by Fidelity Investments as Vice President of Human Resources within Fidelity’s Retail, Corporate and Capital Divisions. While at Fidelity, Judy oversaw or supported the Human Resources function for a variety of Fidelity businesses including Corporate Marketing and Public Relations, Retail Marketing, Retirement, the Fidelity Advertising Agency and Fidelity Capital Businesses such as the Seaport Hotel and Boston Coach. Judy also created and implemented compensation and ER programs which drove positive employee behavior linked to key business results.

Judy’s HR experience also includes working within Fidelity’s Brokerage Services division and at BayBanks, Inc as a Staffing Officer. Judy holds a Master of Science degree in Human Resource Development from Villanova University. Judy graduated cum laude from Providence College with a Bachelor of Arts degree and remains active on its Alumni Board.

Location:Boston, MA

Partner, Director of Asset Allocation

Phillip R. Nelson, CFA

Phillip leads NEPC’s asset allocation research and is responsible for the firm’s macroeconomic outlook, dynamic asset class views, and capital market assumptions. In addition, Phillip oversees NEPC’s beta group framework, which articulates NEPC’s outlook across the full range of public and private market implementation options for the Equity, Credit, Real Asset, and Multi-Asset beta groups. Phillip’s responsibilities also include maintaining and developing asset allocation models and frameworks used broadly by NEPC clients when constructing a strategic asset allocation for their portfolio.

Phillip joined NEPC in 2011 having been in the investment industry since 2002. Prior to joining NEPC, Phillip spent seven years with Pinnacle West Capital Corporation, where he was responsible for overseeing the investments of Pinnacle West’s Pension Plan, 401(k), OPEB, Nuclear Decommissioning Trust and Foundation.

Phillip received his B.A. in Political Science from the University of California Irvine. He also holds the Chartered Financial Analyst designation.

Location:Boston, MA

Partner

Kristine M. Pelletier

Krissy joined NEPC in 2008. She is a Partner and senior member of NEPC’s Endowment and Foundation practice. She also serves as Co-Head of NEPC’s Impact Investing Committee.

Krissy brings nearly 20 years of investment experience, having spent most of her career focused on impact investing, portfolio construction, and the evaluation and selection of investment managers. In her current role, Krissy works with many of NEPC’s philanthropic clients that are leading the industry on alignment of mission and money. Krissy is often featured in industry publications and a frequent speaker at conferences on the topic of Impact Investing. At the end of 2019, Krissy published an Op-Ed in Wealth Management titled “New Decade, New Fundamentals for Investing” defining three pillars that will be the largest drivers of investment success: sustainability, diversity and inclusion, and innovation.

Prior to joining NEPC, Krissy worked at Wellington Management Company, LLP as a Research Associate, and served as a researcher and grant writer for Think:Kids, of Massachusetts General Hospital.

Krissy earned her M.B.A. from the Darden Graduate School of Business at the University of Virginia, and her B.A. in Finance and Economics from Simmons University (formerly Simmons College).

Krissy serves as a member of NEPC’s Women’s Leadership Forum, she is also on the Board of Trustees at Cushing Academy, is a mentor for Girls Who Invest, is an active volunteer with her alma mater, Simmons University, and previously served on the board for the Student Leadership Training Program.

Location:Boston, MA

Partner, Head of Portfolio Strategy

Scott F. Perry, CAIA

Scott joined NEPC in 2006, with investment experience dating back to 2001. Scott is the Head of Portfolio Strategy for the Discretionary Team that strategically builds, maintains, and opportunistically adjusts discretionary client portfolios. Scott works with NEPC’s client teams to understand objectives and communicates these with NEPC’s Discretionary Committee. Previously, Scott was a long tenured member of the Endowment and Foundation team at NEPC and most recently was the Co-Team leader.

Scott chairs the firm’s Discovery Committee which is focused on identifying niche investment ideas for clients. He is also a senior member of the Alternative Assets Committee, Impact Investing Committee, Retirement Committee and Diversity & Inclusion Board. He is a significant contributor to the firm’s Impact investing efforts, which include strategy development and manager research. He has helped clients in assessing SRI, ESG, and thematic strategies that best align with their respective missions.

Scott has authored white papers on Impact investing and the Endowment Model. In 2016, Scott was recognized by CIO magazine in their edition titled “The Knowledge Brokers” as one of the world’s most influential investment consultants. Scott is a frequent speaker at industry conferences, where he generally is asked to speak about the Endowment Model, Alternative Investments and Impact Investing. He is frequently featured and quoted in industry publications including Bloomberg, Institutional Investor & Pensions & Investments.

Prior to joining NEPC, Scott served as an analyst at Ashton Partners and Putnam Investments.

Scott received his M.B.A. from Babson College and his B.S.B.A. in Management from Bucknell University. Scott became a Chartered Alternative Investment Analyst (CAIA) designee in 2008.

Scott is on the Leadership Council of Year Up Boston, an organization that provides a one-year, intensive training program for talented and motivated, yet under-served young adults. Scott is also a board member of “e” Inc. an environmental science learning and action center that serves the Boston Public Schools.

Location:Boston, MA

Partner

Samuel J. Pollack, CAIA

Sam joined NEPC in 2015 and has 23 years of broadly-based experience in investment consulting and financial services. He is a partner at NEPC and a senior member of our Endowment & Foundation consulting practice. Sam previously held the position of Senior Consultant at DiMeo Schneider and Associates, where he served as the lead consultant for investment programs spanning Endowments and Foundations, Healthcare, and Corporate retirement plans. He has also consulted to many clients on a discretionary (i.e. outsourced) basis.

Earlier in his career, Sam held the position of Vice President at Duff & Phelps, LLC. There he counseled the boards of directors of many prominent companies, while overseeing client relationships, managing internal service delivery teams and sourcing new business. He also held positions at J.P. Morgan Chase & Co. and T. Rowe Price Associates Inc.

Sam has an MBA from Northwestern University’s Kellogg School of Management and a B.A. in French Literature from Haverford College. Sam also holds the Chartered Alternative Investment Analyst (CAIA) designation.

Location:Chicago, IL

Partner, Director of Portfolio Strategy

James E. Reichert, CFA

James’ investment career began in 1999, and he joined NEPC in 2007. James is a member of the Discretionary Team where he develops investment strategy and maintains and adjusts discretionary portfolios based on client objectives. James works with the NEPC client teams to understand objectives and communicates these with the Discretionary Committee who approves initial and ongoing asset allocation changes.

James is a co-chair of NEPC’s Asset Allocation Committee and a member of the Fixed Income Research Advisory Group. James’ responsibilities in research include development of NEPC’s Key Market Themes and Current Opportunities and refinement of Asset Allocation and Risk Management tools used across the firm.

Previously, James was a Partner on the Philanthropic Practice Group working with healthcare clients and endowments and foundations. In support of his client relationships, James develops investment programs incorporating results from NEPC’s proprietary Risk Models to inform development of investment policy statements, asset allocation and manager selection.

Prior to joining NEPC, James was a Senior Fixed Income Operations Manager at State Street Global Advisors.

James received his B.A. in History from Boston College. James holds the Chartered Financial Analyst (CFA) designation.

Location:Boston, MA

Partner

Brian Roberts, CAIA

Brian joined NEPC in 2009 and his consulting responsibilities include servicing primarily corporate pension plans, as well as Taft-Hartley pension funds, and bank organizations. He works with clients to facilitate asset allocation studies, liquidity and scenario analyses, manager searches, performance measurement and various other projects as needed. He is a member of the Corporate Pension Solutions Group, the Overlay Research Team and oversees the PFaroe Risk Management Platform implementation at NEPC.

Prior to joining NEPC, Brian was employed at AllianceBernstein as a Senior Associate, where he was responsible for providing servicing, sales, and operational support to a team of Financial Advisors for high net-worth clients. He maintained client relationships and oversaw the transition and implementation of new accounts in addition to performing asset allocation studies and wealth forecasting analysis.

Brian earned an M.B.A. from the University of Denver and a B.A. from Colorado College. He holds the Chartered Alternative Investment Analyst (CAIA) designation.

Location:Boston, MA

Partner

Kristin M. Reynolds, CFA, CAIA

Kristin joined NEPC in 2003, with investment experience dating back to 1999. Kristin leads NEPC’s Endowment and Foundation practice. Kristin’s expertise is in Total Enterprise Management, asset allocation and portfolio construction, modeling and implementation of spending-based asset allocation studies, and evaluation and selection of alternative investment managers. She is a member of the Partners’ Research Committee, which sets direction for firm research.

Kristin developed a model for Total Enterprise Management (TEM). This model integrates the short-term operational needs with the long-term goals of an organization. Total Enterprise Management is an extension of Spending in an Integrated Asset Liability Framework, a white paper Kristin published that discussed the model that analyzes the spending requirements of Endowment and Foundation clients. She is a frequent speaker at industry conferences, where she generally is asked to speak about the Endowment Model, Total Enterprise Management, Integrated Spending Policy, and Portfolio Construction.

Prior to joining NEPC, Kristin worked at Citigroup Asset Management, where she specialized in executive compensation structures for large corporate clients. She worked closely with clients to develop and manage financial service strategies. Prior to her investment career, Kristin worked as a loan service officer at a community cooperative bank where she was responsible for external audit compliance, escrow fund accounting, and loans receivable.

Kristin earned an M.B.A. from Simmons Graduate School of Management, and a B.A. in Finance and Economics from Simmons University (formerly Simmons College). Kristin is a CFA charter holder and a member of both the Boston Security Analysts Society and the CFA Institute. Kristin became a Chartered Alternative Investment Analyst (CAIA) designee in 2008.

Location:Boston, MA

Partner

Jay E. Roney, CTP

Jay joined NEPC in 2001 and began his career in the investment industry in 1993. Jay consults for corporate and endowment/foundation clients. His responsibilities include investment policy formulation, developing and implementing asset allocation strategies, and monitoring and evaluating the investment performance of the plan and its managers. As a point of context Jay is a prior member of NEPC Executive Committee, the NEPC Management Group, and the former leader of the Corporate Practice Group.

Jay’s investment career started in 1993 when he joined Fleet Investment Services. At Fleet, Jay was responsible for educating, advising, and developing investment strategies for clients and prospects. After working for Fleet, Jay held corporate treasury management positions at Ocean Spray Cranberries and PerkinElmer where he had investment oversight for both Company’s defined benefit and defined contribution programs. During this time period Jay was responsible for implementing and managing the liquidation of several defined benefit plans. As a Treasury Manager, Jay was also responsible for other traditional, international and domestic treasury functions.

Jay earned his M.B.A. from Northeastern University in 1997 and a B.S. in Political Science from the University of Maine at Orono in 1988. While at Northeastern University, he was admitted to the Beta Gamma Sigma Honor Society. Jay is a Certified Treasury Professional (CTP) as designated by the Association for Financial Professionals.

Location:Boston, MA

Partner

Matthew Rowell

Matt is a member of the Corporate Practice Group and his consulting responsibilities include servicing insurance, defined benefit, and healthcare clients. He facilitates asset allocation studies, manager searches, performance measurement and various technical projects. He is also a member of the Global Asset Allocation Research Advisory Group and Liability Driven Investing (LDI) Research Advisory Group.

Prior to joining NEPC in 2011, Matt was a Senior Analyst at Wells Fargo & Company in their Alternative Strategies Group, Inc. (ASGI). Matt’s responsibilities included all aspects of performance and financial reporting, as well as overseeing the trading, custody and accounting operations for ASGI’s hedge funds, funds of hedge funds and private equity funds. Prior to that, he was an Analyst on ASGI’s Investor Relations team. Before joining Wells Fargo, Matt worked for Evergreen Investments on their Client & Dealer Services team.

Matt received his B.S. from The Citadel, The Military College of South Carolina. He is currently pursuing the Chartered Alternative Investment Analyst designation.

Location:Boston, MA

Partner, Director of Investment Manager Research

Sarah Samuels, CFA, CAIA

Sarah is a partner at NEPC and oversees the firm’s investment managers research teams across public equities and credit, hedge funds and private markets. Prior to joining NEPC, she was managing director at Wellesley College, where she was responsible for the investment of the College’s endowment, including manager selection across private markets, public markets, and hedge funds, asset allocation and portfolio construction.

Earlier in her career, Sarah was the deputy chief investment officer at Mass PRIM, where she chaired the internal Investment Committee and oversaw asset allocation, investment research, and manager selection across asset classes. Samuels led the portfolio management of the $45 billion public markets and hedge fund portfolios. She regularly presented investment recommendations, asset allocation, and portfolio management strategy to the Investment Committee and Board, and was a member of the four-person Executive Management Team tasked with strategic planning and management of the organization. Samuels also worked as an associate portfolio manager at Boston Advisors and in a variety of roles at Wellington Management Company.

Samuels is a Board member and Investment Committee Chair of the CFA Society Boston and the University of New Hampshire Boards, serves on the Advisory Board for Girls Who Invest, and founded the Boston chapter of Private Equity Women Investor Network (PEWIN).

She holds the Chartered Financial Analyst and the Chartered Alternative Investment Analyst designations, earned an MBA in Finance at Boston University, and a BA in German and minor in Business from the University of New Hampshire.

Location:Boston, MA

Partner

Neil N. Sheth

Neil joined NEPC in 2009 with investment experience dating back to 1993, including thirteen years as a private equity and hedge fund investment professional. He has extensive investing experience across the U.S. and international public and private credit and equity markets. Neil currently coordinates our international investment research across both private and public markets. In addition, he leads our private debt practice globally and is involved with sourcing and performing diligence on private equity managers in Europe and Asia. Prior to this role, Neil oversaw our alternative asset groups. He is actively involved in all aspects of manager research, client portfolio design, construction and implementation. He works with all NEPC client types. Neil is a member of the firm’s Executive, Alternative Asset Investment, Retirement, Audit and Diversity and Inclusion Committees.

Prior to joining NEPC, Neil worked at Berkshire Partners, LLC, a leading middle market leverage buyout firm based in Boston, where he was a founder and co-portfolio manager of a fundamentals-based, global value hedge fund. Previously, Neil spent eleven years as a private equity investment professional. In this capacity, he served on the boards of seven companies in both the U.S. and Europe while he was a Partner at M/C Partners and an Associate at General Atlantic, LLC; two firms that focus on the global technology, telecom and media industries. Neil began his career as an investment banking analyst at Morgan Stanley & Co.

Neil received his B.S. with honors from the Wharton School of the University of Pennsylvania.

Location:Boston, MA

Partner

Bradley S. Smith, CFA, CEBS

Brad started his investment career in 1986 and joined NEPC in 2011. Brad consults for corporate DB and DC plans, not-for-profit and insurance clients. His responsibilities include: investment policy formulation; developing asset allocation strategies and custom pension de-risking strategies; and evaluating and monitoring the investment performance of the portfolio and its managers. Brad is located in NEPC’s Atlanta office.

Prior to NEPC, Brad spent eight years with a global multi-national consulting firm in multiple roles including CEO/U.S. Investment Consulting Practice Leader, Eastern Region Leader, and a Senior Investment Consultant. Brad was a member of the Global Investment Board and the Global Investment Committee. Brad was also a member of the Senior Management Team, U.S. Discretionary Oversight Committee, U.S. Pension Risk Team, and U.S. Defined Contribution Research Steering Committee.

Brad spent nearly a decade at a regional investment consulting firm in the Mid-Atlantic region where he was a senior investment consultant and practice leader.

Brad earned his B.A. from Hampden-Sydney College. He holds the Chartered Financial Analyst (CFA) designation as well as the Certified Employee Benefit Specialist (CEBS) designation.

Location:Atlanta, GA

Partner

Carolyn Smith

Carolyn’s career in investment consulting began in 1987, and she joined NEPC in 2006. Carolyn has extensive experience working with large institutional clients. She has a specialty in defined benefit and defined contribution plans working with them on plan design, investment and governance issues. She is a member of the Small Cap Equity Advisory Group, Due Diligence, Diverse Manager Committee and Women’s Leadership Forum.

Carolyn’s experience includes twelve years as a director and senior consultant with Watson Wyatt Investment Consulting working with a broad array of clients. She also had management responsibilities for the U.S. Western Region for five of her twelve years at Watson Wyatt. Prior to Watson Wyatt, Carolyn was a senior consultant at Callan Associates, Inc. working with the firm’s foundation, endowment, corporate and public fund clients.

Carolyn received a B.S. degree in Finance from the University of Utah. She currently chairs the investment committee for a San Francisco Bay Area not-for-profit overseeing multiple operating reserve accounts, a foundation and 403(b) plan.

Location:Redwood City, CA

Partner

Michael P. Sullivan

Michael joined NEPC in 2006, with his career in the investment industry beginning in 2001. Michael’s consulting responsibilities since 2006 include servicing Taft-Hartley and public pension funds. Michael works with clients to facilitate asset allocation studies, manager searches, performance measurement and various technical projects. Michael is a member of the Asset Allocation Committee, Impact Investing Committee, and Small Cap Equity Advisory Group.

Prior to joining NEPC in 2006, Michael was a Senior Analyst Account Manager at International Data Corporation where he supported research requests for financial clients and acted as liaison between analysts and clients. Prior to that, Michael was an Advisor Representative at State Street Corporation, where his responsibilities included the monitoring of daily trade settlement, assisting with account reconciliation, and the preparation of customized monthly performance reports for investment managers. Michael previously worked at International Data Corporation as a technology research analyst.

Michael earned an M.S. degree in Finance from Boston College in 2005 and a B.A. in Business from Saint Anselm College in 2001.

Location:Boston, MA

Partner

Craig A. Svendsen, CFA

Craig has over eighteen years of comprehensive consulting and investment experience. He returned to NEPC in October 2004, having previously worked at the firm from 1997 to 2000. In 2014, Craig was named the head of NEPC’s Corporate Defined Benefit team. As a team leader, his responsibilities include team management, investment strategy development, and marketing. Craig also consults to a wide range of NEPC clients. Craig works closely with each of his clients in the development of strategic planning including asset allocation and investment policy development, investment manager research and selection, and performance evaluation. He is a frequent speaker at industry conferences, where he is generally asked to discuss trends in the defined benefit space. Additionally, Craig is a member of NEPC’s Partner Nominating Committee as well as the firm’s Liability-Driven Investing Advisory Group.

Prior to joining NEPC, Craig was a Vice President at State Street in its Global Markets group. At State Street, his responsibilities centered on developing investment and trading strategies for the firm’s transition management clients.

Craig holds a Bachelor of Arts degree in Economics from Bucknell University and a Master of Science degree in Finance from Northeastern University. Additionally, Craig is a CFA charter holder and a member of the Cincinnati Security Analyst Society and the CFA Institute.

Location:Cincinnati, OH

Partner

Gary Wyniemko, CFA

Gary began his investment career in 2001, and joined NEPC in 2011. He is a member of the Philanthropic Practice Group, servicing healthcare and endowment and foundation clients. As a Partner, Gary works with clients on overall fund design, including asset allocation, manager selection, performance reporting and monitoring, and education.

Prior to joining NEPC, Gary was a Senior Treasury Analyst at Henry Ford Health System (HFHS) in Detroit, MI. While at HFHS, Gary was responsible for asset allocation, manager selection and due diligence, performance reporting, investment research, various aspects of financial reporting including FAS 157, and general oversight of the firm’s Pension, Endowment, Short and Long-term Cash, Charitable Gift Annuity, Charitable Remainder Trusts, SERP, Self-Insurance, and Retirement Savings Plans. Prior to his employment at Henry Ford Health System, Gary worked as a Corporate Treasury Analyst at Dura Automotive Systems, Inc., and as a Treasury Analyst at H&R Block Financial Advisors.

Gary earned a B.B.A. in Finance with Distinction and a M.B.A. with High Distinction from the University of Michigan-Dearborn. Gary also holds the Chartered Financial Analyst designation.

Location:Detroit, MI

Principal, Director of Real Assets Research

Andrew Brett, CAIA

Andrew joined NEPC in 2007 and is the Director of the Firm’s Real Assets Research Group and also leads the Firm’s Real Assets Beta Group. The Real Assets team is responsible for developing market viewpoints, sourcing conducting manager due diligence, providing educational overview materials for various real asset and real estate strategies and constructing real asset investment plans for implementation in client portfolios. The team also assists with liquid real assets coverage including commodities, MLPs, natural resource equities and REITs. Andrew is a voting member of the Firm’s Alternative Asset Committee. Prior to joining NEPC, Andrew worked at State Street Corporation.

Andrew earned a B.A. in Economics from Union College and holds the Chartered Alternative Investment Analyst (CAIA) designation.

Location:Boston, MA

Principal, Senior Consultant

Richard K. Ciccione

Rick joined NEPC in 2017 as a senior consultant and has 17 years of experience in institutional investment consulting and financial services.  He is a senior member of our Endowment & Foundation consulting practice and serves on the Impact Investing Committee.  Additionally, Rick is NEPC’s Catholic Impact Investing Collaborative (CIIC) representative, where he serves on the Participation and Outreach Committee.  Rick was an Investment Consultant at LCG Associates, Inc. in Atlanta, Georgia where he was responsible for several client relationships across many client types including endowments and foundations. He has in-depth experience conducting investment manager research meetings across all asset classes and has specific expertise in fixed income and the alternatives space, with a focus on real assets. He was responsible for preparing asset allocation and asset/liability studies, developing investment policies and assisting clients with all aspects of portfolio construction.  Prior to LCG Associates Inc., Rick served as a Fixed Income Trader at Arbor Research & Trading, where he was responsible for sourcing and executing trade ideas within investment grade and high yield corporate issues, sovereign debt and rates across the globe. He also worked at Lehman Brothers in middle market Fixed Income sales for a range of insurance companies, health care clients and corporations.  As a Private Client Associate at Alliance Bernstein Wealth Management Rick assisted in the construction and management of client portfolios while helping to build the team’s client roster through proactive marketing efforts.

Rick has an MBA from Northwestern University’s Kellogg School of Management and a Master of Education and B.S.B.A. in Business Management from Bucknell University.  He serves as a Bucknell University Alumni Volunteer by participating in the Bison Ambassador Program and serves on the Missions Board of his local church.

Location:Chicago, IL

Principal, Senior Consultant

Wyatt L. Crumpler

Wyatt joined NEPC in 2015, and his investment and pension experience dates back to 1988. Wyatt is a member of NEPC’s Corporate Consulting Group. He assists clients with the development of investment policies and objectives, the evaluation and selection of investment managers, and the measurement and analysis of investment performance.

Prior to joining NEPC, Wyatt held the position of Senior Vice President and Chief Investment Officer at American Beacon Advisors, Inc. where he served in the capacity of an outsourced CIO for one of the largest defined benefit plans in the nation, and managed the defined contribution investment options for the same client. He supervised relationships with over 50 external investment managers utilizing both fundamental and quantitative investment processes in a number of asset classes, including private equity, managed futures, interest rate and foreign exchange derivatives, as well as emerging markets debt and equity.

Prior to American Beacon, Wyatt spent 13 years with American Airlines in increasing roles of responsibilities ultimately as a Managing Director in their Finance and Accounting area. Wyatt also spent four years with Ernst & Young as a Senior Accountant.

Wyatt has an MBA from Duke University’s Fuqua School of Business and a B.S. in Accountancy from the University of Tennessee, Knoxville. He is also a former certified public accountant.

Location:Dallas, TX

Principal, Senior Research Consultant

Lynda Dennen Costello, ASA, EA

Lynda joined NEPC in 2006 is a founding member of the Asset Allocation Team. She is responsible for oversight of LDI portfolio construction for NEPC’s corporate clients, both advisory and discretionary. Working in tandem with the consulting teams, Lynda works with corporate, public, healthcare, and Taft-Hartley clients modeling plan liabilities and risks, communicating asset-liability study results, and setting asset allocation. She is a member of the Corporate Pension Solutions group which sets strategic direction for NEPC’s corporate clients and a member of the Asset Allocation Committee responsible for macro investment themes and annual asset class assumptions. Lynda is also a member of the Law Firm/Cash Balance Plan Committee, the Credit Beta Group, and she co-chairs NEPC’s Women’s Leadership Forum. Lynda is also spearheading NEPC’s analysis regarding the implications of Climate Change on our client’s investment portfolios.

Prior to joining NEPC, Lynda worked for Mercer Human Resource Consulting for 11 years as a Consulting Actuary in the Retirement Practice. At Mercer, her primary role was consulting with clients on regulatory changes and economic issues concerning defined benefit pension plans and postretirement medical plans. Her other responsibilities included retirement plan design, asset liability modeling, and managing a team of the actuarial analysts.

Lynda received her B.A. in Mathematics from Colgate University. She is an Associate of the Society of Actuaries, and an Enrolled Actuary.

Location:Boston, MA

Principal, Chief Technology Officer

Devan Dewey

Devan joined NEPC in April of 2008 and brings 20 years of experience developing and implementing business systems in alignment with corporate strategy. At NEPC he is responsible for the development and implementation of an overall IT strategy to support all of NEPC’s business functions, and for the day-to-day operations of the NEPC technology infrastructure.

Immediately prior to joining NEPC, Devan was working as an independent consultant. As a consultant, Devan provided strategic IT planning, project management, and systems implementation consulting to businesses throughout New England. In this capacity, Devan implemented a program management system at Boston Medical Center, and a distribution operations system at Medical Specialty Distributors. Devan also provided organizational leadership consulting to a large healthcare network in Boston and worked for a number of smaller non-profit clients. Prior to becoming a consultant, Devan worked for six years at Teradyne, Inc., where he was responsible for enterprise-wide business systems and successfully implemented a new Oracle-based business platform to transform Teradyne’s manufacturing operations. Devan has previously lead the IT function at Segue Software, developed business systems at American Express, and created successful custom applications for a start-up software company.

Devan earned his B.A. from Tufts University and his M.B.A. from Northeastern University.

Location:Boston, MA

Principal, Senior Consultant

Stacey Flier, CFA

Stacey joined NEPC as a Senior Consultant and has 27 years’ experience advising ultra-high net worth individuals and family offices on their investment portfolios. Stacey’s expertise is in structuring portfolios to maximize after‐tax return, taking into consideration clients’ differing risk tolerances and delivering investment advice and education to clients on investment trends, opportunities and challenges. She is experienced in both discretionary and nondiscretionary portfolio management.

In addition to her client activities, Stacey is a member of the Impact Investing Committee at NEPC. NEPC’s Impact Investing Committee is responsible for analyzing trends in this space, researching impact-focused managers and working with clients to develop strategies that meet their needs. This Committee is comprised of consultants and research professionals across both public market and alternative asset classes. Stacey represents the interests of Private Wealth clients on the Impact Investing Committee.

Prior to joining NEPC, Stacey held the position of Director, Investment Advisory Services at CTC | myCFO. During her 21 year career at CTC | myCFO, Stacey held a number of roles, including Director of Asset Allocation, where she specialized in assisting clients in determining their optimal asset allocation, taking taxes into consideration. She was also on the Impact Investing Advisory Committee, a voting member of the Investment Committee, and on the Fund Investment Risk Committee, which was responsible for evaluating risk levels in CTC | myCFO’s proprietary funds. Before Stacey’s time at CTC | myCFO, she worked as an Employee Benefits Analyst at U.S. Bank in Seattle, where she assisted discretionary management clients with their IRAs and 401ks.

Stacey earned her MBA from Portland State University and a B.A. in Business Leadership with honors from the University of Puget Sound. Stacey is a Chartered Financial Analyst and is a member of the CFA Society of Portland. She is also a board member of Portland Women in Investment Management. Stacey was on the CFA Society of Portland Board from 2001 – 2007 and served as President of the Board from 2006-2007. During her free time, Stacey enjoys gardening, landscape design, running and spending time with her son. In addition, Stacey and her husband are fond of attending Formula One races as well as other sports car events.

Location:Portland, OR

Principal, Senior Consultant

William Forde, CFA, CAIA

Will serves as a Principal on NEPC’s Public Funds Practice Group where he works across an array of public fund clients to implement customized investment programs. Will assists clients with asset allocation studies, manager searches, performance measurement, and various technical projects. Will has been with NEPC since 2011, during which time he has served as a member of the Asset Allocation Committee as well as the Diverse Manager Committee. Prior to working on the Public Funds Practice Group, he worked on the Public Markets Research Team helping to lead the effort on manager research for Large Cap Equities.

Before joining NEPC, Will worked at Brown Brothers Harriman in their Securities Lending Operations group. He was responsible for processing and recording the daily transfer of funds from Brown Brothers Harriman to clients, along with analyzing and reporting project payments and outstanding funds to senior management.

Will earned his B.A. in Economics from Tufts University. He holds a Chartered Financial Analyst (CFA) designation as well as the Chartered Alternative Investment Analyst (CAIA) designation. He is a member of the Board of Trustees for the Belmont Hill School, an institution focused on developing young men. He also serves on the Board of Directors for Roxbury Prep School in Boston.

Location:Boston, MA

Principal, Senior Consultant

Daniel S. Gimbel, CIMA®

Dan joined NEPC as a Principal and Senior Consultant and has over 36 years’ experience advising family offices and ultra-high net worth individuals. Dan’s expertise is in all aspects of client relationship management including asset allocation analysis, development of investment policy statements, portfolio construction, manager monitoring and performance reporting.

Prior to joining NEPC, Dan held the position of Director, Investment Advisory Services at CTC l myCFO. In addition to his client responsibilities at CTC l myCFO, Dan was also a voting member of the Investment Committee. Before his time at CTC l my CFO, Dan held a variety of roles with increasing responsibility at Charles Schwab & Company, including National Sales Manager of the Schwab Advisor Network. Additionally, for nearly ten years, Dan provided exclusive consulting advice to the staff and players of the PGA tour (this included players’ and staff retirement plans, players’ investments and other PGA Tour related assets). Beyond this, Dan served as a Financial Consultant at Shearson Lehman Brothers and an Account Executive at Merrill Lynch, which is where Dan launched his career in the financial services industry.

Dan earned his B.S. in Business Administration and Finance from the University of Southern California and a Certified Investment Management AnalystSM (CIMA®) designation from The Wharton School at the University of Pennsylvania. Dan is an avid and competitive golfer, having competed in nine National Amateur Golf Championships in both the United States and the United Kingdom. Dan resides in Ponte Vedra Beach, Florida with his wife and three children.

Location:Ponte Vedra Beach, FL

Principal

Sebastian Grzejka, CAIA

Sebastian joined NEPC in 2005 and began his career in the investment industry in 2003.  Sebastian is a member of the Philanthropic Practice Group and focuses primarily on Endowment and Foundation clients. He has extensive experience carrying out asset allocation studies, manager searches, performance measurement and various technical projects to support his clients.

In addition to his client activities, Sebastian is the Chair of the Public Markets Due Diligence Committee, which is responsible for reviewing, vetting and approving all prospective traditional strategies as well as to decide on action following any manager due diligence events. Additionally, Sebastian sits on the Alternative Assets Due Diligence Committee and is also a member of the Fixed Income Advisory Group. The focus of these groups is to work with NEPC research to review, update and enhance our views on specific asset classes, as well as determine which managers best represent our viewpoints. Lastly, Sebastian is also a member of NEPC’s Discretionary Committee, which provides oversight for all NEPC’s OCIO relationships.

Prior to joining NEPC, Sebastian worked at Smith Barney in their mutual fund analytics group. At Smith Barney, his role was to review and analyze that proper procedures were followed in the accounting of client mutual funds. Prior to that, Sebastian worked at Putnam Investments as a client specialist.

Sebastian holds a B.S.B.A. from the University of Massachusetts. He currently holds the Chartered Alternative Investment Analyst designation.

Location:Boston, MA

Principal, Senior Research Consultant, Private Equity

Eric R. Harnish

Eric joined NEPC in 2009 and is a member of the Firm’s Private Equity Research Group. He is responsible for conducting manager due diligence, providing educational overview materials for various private equity strategies and constructing investment plans for implementation in client portfolios. Eric is also an active participant in the Firm’s Alternative Asset Committee.

Prior to joining NEPC, Eric was employed at State Street Corporation as a Vice President in the firm’s Investment Analytics Group. In this position, he managed a team responsible for providing private equity consulting and performance reporting for institutional investors. Prior to State Street, he was a Managing Director at PrivateTrade Inc., a private equity consulting firm that provided advisory services to facilitate secondary transfers of LP interests in private equity funds. Eric’s previous experience also includes working for Andersen Consulting as a Senior Manager in their Strategic Services Division and serving as a Senior Associate in the Audit Division for Arthur Andersen, LLP.

Eric has an M.B.A. from the Amos Tuck School of Business at Dartmouth College, where he graduated as an Edward Tuck Scholar, and has a B.A. from Duke University. He holds an inactive Certified Public Accountant (CPA) license.

Location:Boston, MA

Principal, Senior Consultant

Richard J. Harper, CFA, CAIA

Rich joined NEPC in 2001, and his investment experience dates back to 1993. Rich is a member of NEPC’s Endowment & Foundation Consulting Group. He assists clients with the development of investment policies and objectives, the evaluation and selection of investment managers, and the measurement and analysis of investment performance. With his background in research, he served as a “devil’s advocate” on the Alternative Assets Committee, guides technical research projects, conducts capital market analyses and research, and mentors a team of Research Analysts. He is also a member of the Real Assets Advisory Group.

Prior to joining NEPC, Rich worked as a Financial Institution Examiner for the Federal Deposit Insurance Corporation, where he performed specialized examinations of financial institutions, instructed assistant examiners at the FDIC’s national training center, and served as the Capital Markets Specialist at his field office. He served with the FDIC for eight years.

Rich holds a B.S.B.A. in International Business/Finance from American University and an M.B.A. in Finance from Babson College. He is a CFA charter holder and a member of both the CFA Society of Buffalo, and the CFA Institute. He is also a former “grader” for the CFA Level III Exam. He became a Chartered Alternative Investment Analyst designee in 2005. Rich serves in leadership positions in Boy Scouts and Cub Scouts and is a youth basketball coach in Hamburg, New York. He is active in Western New York branch of the Juvenile Diabetes Research Foundation and was Corporate Chair for 2018’s JDRF One Walk.

Location:Buffalo, NY

Principal, Senior Consultant

Scott B. Harsh

Scott began his investment career in 1988 and joined NEPC in September 2020 as Principal, Senior Consultant working with non-profit clients. He works with clients on developing investment policies, conducting asset allocation studies with a focus on integrating spending requirements, investment manager due diligence, and research projects. Scott has extensive experience constructing client portfolios with allocations to private capital, hedge strategies, and traditional asset classes. Additionally, Scott has worked with clients to develop unique impact investing strategies.

Prior to joining NEPC, Scott was the President and CEO of Fund Evaluation Group, LLC (FEG) an investment advisory firm located in Cincinnati, Ohio. Over his 16 years as President and CEO of FEG, Scott led the significant expansion of the firm as well as the development of new products and services. Scott was also a Managing Principal at FEG from 1997 – 2001, focusing on client relationships and strategic growth. He started his investment career as an analyst, consultant and then moved to senior management at FEG from 1990 – 1997. Over the course of his career, Scott has spoken at industry conferences including: Institutional Investor, Diocesan Fiscal Officers, the Council of Michigan Foundations, and The Council on Foundations.

Scott received his B.B.A. from the University of Cincinnati. He has been active in his community over his career, sitting on boards which included: The University of Cincinnati Department of Finance Advisory Board as well as the Association for Corporate Growth Board. Scott is a Cincinnati native. He and his wife have three young adult children.

Location:Cincinnati, OH

Principal, Senior Investment Management Attorney

Andrew Hone

Andrew (“Andy”) joined NEPC in 2020 as a Principal and Senior Investment Management Attorney. Andy is an accomplished attorney with extensive experience in the financial services industry. He has a track record of success partnering with business leaders by providing legal guidance to help achieve key business goals and objectives. Andy recently worked for DWS Investment Management Americas as Senior Legal Counsel in their Asset Management Group. He also gained considerable expertise at State Street Global Advisors, Fidelity Investments and Wellington Management.

Andy has extensive knowledge of pooled products, separately managed accounts, mutual funds, and ETFs among other investment products and vehicles, and is an ERISA expert. Andy also has experience in regulatory compliance, product development, best practices policy development and corporate governance.

Andy has a J.D. from Suffolk University School of Law and a B.S. in Finance and Computer Science from Boston College.

Location:Boston, MA

Principal, Chief Financial Officer

Matt Lombardi

Matt joined NEPC in 2014 and brings over 25 years of financial operations, treasury, human resources and facilities management experience to NEPC. In his role as Chief Financial Officer, Matt is responsible for financial analysis and projections, cost identification and allocation, and revenue/expense analysis. He oversees long-term budgetary planning and cost management in alignment with NEPC’s strategic plan. Matt is a member of NEPC’s Management Group.

Matt joined NEPC from Placemark Investments, where he worked for nine years. Matt began his career at Placemark as a consultant and ultimately became their Sr. Vice President and CFO. Prior to joining Placemark, Matt was Vice President of Finance at Fidelity Investments, leading the finance team supporting Fidelity’s Registered Investment Advisor Group. In addition, he worked at PricewaterhouseCoopers in its management consulting practice and was a founding principal & COO for NBC Securities, Inc., the self-clearing brokerage arm of Alabama National Bancorp. Prior to that, Matt helped lead a successful turnaround effort at Sterne, Agee & Leach, a regional broker-dealer.

Matt received a B.A. in Economics/Finance from Bentley University.

Location:Boston, MA

Principal, Director of Credit and Multi-Asset

Dulari Pancholi, CFA, CAIA

Dulari’s investment career began in 2000 and she joined NEPC in 2006. Dulari is involved in NEPC’s hedge fund research and due diligence activities, in addition to providing consulting services for the non-traditional asset classes of NEPC’s various clients. Dulari is the Co-Head of NEPC’s Impact Investing Committee. Dulari is also frequent speaker at industry conferences on the topic of Impact Investing.

Prior to joining NEPC in August of 2006, Dulari was Vice President of Operations of the Hedge Fund at Venus Capital Management. As Vice President, Dulari was independently responsible for all of the investment operations activity for two funds under management. Her responsibilities included: representing the fund for all operational due diligence conducted by institutional investors, monitoring the portfolio, and assisting the fund manager on risk management for structured products. Prior to that, Dulari was employed as a Research Associate at the Center for International Securities and Derivatives Market (CISDM). As a Research Associate, Dulari’s responsibilities included understanding various databases, statistical models, software and analytical tools used for efficient financial analysis. While at CISDM, Dulari authored and co-authored several research papers, one of which was published in the Journal of Alternative Investments in the Spring of 2004. Prior to CISDM, she worked for Kotak Mahindra Asset Management Company in Mumbai, India. Her responsibilities included auditing cash flows and summarizing fund movements for fund managers.

Dulari received her M.B.A. from the University of Massachusetts, Amherst and holds L.L.B. and B.S. degrees from the University of Mumbai. Dulari has attained both of the Chartered Financial Analyst and Chartered Alternative Investment Analyst designations. She is also a member of the Boston Security Analysts Society.

Location:Boston, MA

Principal, Senior Consultant

Jesse Pricer, CFA

Jesse joined the Healthcare practice at NEPC in 2021 as Principal and Senior Consultant. Previously, he worked at PIMCO for nearly 20 years on their institutional client service team as an executive vice president. During his career, he has worked with a variety of large institutional investors but has specialized in working with healthcare systems. In addition to his client servicing responsibilities at PIMCO, Jesse led efforts to organize client events, oversee presentation material development and recruit. He also served on the PIMCO Foundation’s finance committee. He has a deep knowledge of global economics, financial markets and complex investment strategies.

Jesse graduated with a Master of Business Administration from Claremont Graduate University and earned a bachelor’s degree in business economics from the University of California, Riverside. He holds the Chartered Financial Analyst (CFA) designation.

Location:Redwood City, CA

Principal, Senior Research Consultant

Alec Rapaport

Alec joined NEPC in 2020 and began his career in the investment industry in 1996. Alec is responsible for fixed income investment research and due diligence of developed markets fixed income strategies. Alec is a member of the credit beta group responsible for identifying investment opportunities across credit and setting research themes across traditional and alternative credit strategies.

Prior to joining NEPC, he worked as Senior Fixed Income Portfolio Manager for Mercer Investments, overseeing Mercer’s OCIO fixed income funds and portfolios with a focus on the defined benefit and defined contribution client base. Earlier in his career, Alec was Managing Director and Team Head of Fixed Income and Commodities for Commonfund Asset Management Company.

Alec earned an A.B. in Economics from Vassar College and an M.B.A. from the NYU Stern School of Business.

Location:Stamford, CT

Principal, Senior Human Resources Manager

Teresa A. Sacramone, SPHR

Terri heads up the Human Resource department. She is responsible for staffing, employee relations, benefits and all other HR functions. Terri also functions as the Office Manager, and oversees the administrative staff. Terri joined NEPC in 1997 as an Administrative Assistant. Prior to joining NEPC Terri worked as a Personal lines insurance sub-agent.

Terri earned her B.S. in Hotel, Restaurant & Travel Administration from the University of Massachusetts, Amherst.

Location:Boston, MA

Principal, Director of New Business Development

Troy K. Saharic

Troy joined NEPC in 2021. He has a long history of providing investment advisory and discretionary solutions to large institutional clients. He is responsible for NEPC’s distribution strategy including client engagement and acquisition. Troy also provides strategic advice and direction to the senior management team concerning NEPC’s future growth.

Prior to NEPC, Troy was with Mercer. During his 25-year investment career at Mercer, he held a number of executive and senior management roles. Most recently he was Senior Partner and Global Defined Contribution Segment & Master Trust Leader. In this role, Troy was responsible for driving growth of advisory and discretionary solutions for defined contribution plans and global master trusts including providing insights to executive leadership and board members on marketplace trends and strategy. He spearheaded the advisory and discretionary business development group as the North American Investment Director and also served as the firm’s Western Region Business Leader. Throughout all roles, Troy also serviced clients directly and led a number of key account relationships for some of Mercer’s largest advisory and discretionary clients.

Troy has addressed various industry groups at conferences and is often interviewed by national media groups on investment trends for institutional investors. Troy has also been honored to provide expert testimony before the U.S. Department of Labor’s ERISA Advisory Working Group and U.S. Government Accountability Office’s investigative unit concerning issues impacting defined contribution plans and their participants.

Troy has a Bachelor of Science from the University of Rhode Island and resides in Seattle, WA.

Location:Seattle, WA

Principal, Senior Research Consultant

Elton Thomaj, CAIA

Elton began his investment career in 2005 and joined NEPC in 2013. In 2019 he joined the NEPC Portfolio Construction team, servicing Healthcare, Endowment & Foundations, Private Wealth Corporate and Public clients. Prior to joining the Portfolio Construction team, Elton was a member of Philanthropic Practice Group for more than six years, focusing primarily on Healthcare clients. As a Consultant, Elton works with clients on overall fund design, including asset allocation, manager selection, performance reporting and monitoring, and education.

Prior to joining NEPC, Elton worked as an Analyst for the Eriksen Group where he managed client portfolios, provided investment manager due diligence, performed client risk analysis and developed an investment policy statement process. Prior to Eriksen, Elton worked as an Actuary for the Albanian Financial Supervisory Authority where he developed and managed new diagnostic tools and processes.

Elton earned his B.S. in Mathematics from Aristotle University of Thessaloniki, Greece and received his Actuarial certification at the Actuarial Association of Albania. Elton holds the Chartered Alternative Investment Analyst (CAIA) designation.

Location:Charlotte, NC

Principal, Senior Consultant

Michael J. Valchine, CAIA, CIPM

Mike’s investment career began in 1998, and he joined NEPC in 2007. Mike works primarily with defined benefit, VEBA, defined contribution and foundation portfolios of corporate clients. In support of his client relationships, Mike is responsible for overall plan design and asset allocation, manager selection and performance monitoring as well as asset and liability studies in conjunction with risk budgeting.

Prior to joining NEPC, Mike was a Registered Client Associate within the Merrill Lynch Institutional Consulting Group. While there he supported two consultants in the four main areas of the institutional consulting relationship; investment policy statements, asset allocation studies, manager searches and performance monitoring. Prior to Merrill Lynch, Mike worked as an analyst on the pension and 401(k) investment staff of ThyssenKrupp Budd Company. While at ThyssenKrupp Budd Company he assisted the Manager of Trust Investments in the day to day management of the pension trust and 401(k) including monitoring market values and transactions, investment manager performance, and acting as a liaison between the investment committee and current and prospective service providers.

Mike earned an M.S. degree in Finance from Walsh College in 2006 and a B.A. in Finance from Oakland University 2001. Mike became a CAIA designee in 2010 and a CIPM designee in 2014.

Location:Detroit, MI