Enhancing its position as the leading investment consulting business in the U.S., Hewitt EnnisKnupp today announced it has contracted with approximately 100 new client relationships since the start of 2012, giving the firm more than 460 clients and $2 trillion in assets under advisement. Hewitt EnnisKnupp is part of Aon Hewitt, the global human resource consulting and outsourcing business of Aon plc.
Successfully executing its growth strategy, Hewitt EnnisKnupp has expanded its client portfolio across all areas of the business, including 401(k)/defined contribution, 403(b), public pensions and across all alternative asset classes. The firm's U.S. Delegated business represents almost one-third of new client relationships so far in 2012, and currently has more than $17 billion in assets under management.
Kemp Ross, senior partner and leader of the Investment Solutions team, said, "Demand for Hewitt EnnisKnupp's investment consulting expertise continues to be strong as companies look for help in executing dynamic strategies."
"Hewitt EnnisKnupp has a long-standing reputation as a trusted and independent pension investment advisor," said Stephen Cummings, president of Hewitt EnnisKnupp. "As discussed at our client conference earlier this month, HEK is positioned to provide comprehensive, forward-looking solutions to clients of all types and sizes, including the world's most sophisticated investors."
To continue to provide clients with distinctive value at a time of increased growth and opportunity, Hewitt EnnisKnupp has expanded its diverse team of investment consultants. Since the beginning of 2012, Hewitt EnnisKnupp has added more than 30 new hires at all levels and across all teams and offices within the practice.
Among its notable new hires is John Geissinger, who joins Hewitt EnnisKnupp as a partner in the Investment Solutions group. Geissinger has more than 20 years of portfolio and investment risk management experience, including cross-functional expertise in fixed income and equity markets, due diligence, portfolio construction, asset allocation and manager selection. In his previous position at the North Dakota Retirement and Investment Office, Geissinger was responsible for providing guidance and direction to implement North Dakota's $5.5 billion state investment and teachers' pension fund. Geissinger also has held senior leadership positions at Natsource LLC and Bear Stearns Asset Management.
Cummings added that Hewitt EnnisKnupp will be creating a global chief investment officer role to oversee the business' global asset allocation function led by Colin Robertson, and the global manager research function, formerly led by Ian Peart. Cummings said, "We are very appreciative of all of the contributions Ian brought while he was in this role, and we wish him the best of luck in his next opportunity."
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