Mercer appoints US E&F investment leader

Mercer appoints US E&F investment leader

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Mercer Investments has appointed Kenneth Shimberg as US endowment and foundations chief investment officer for outsourced CIO services, effective May 4.

Shimberg will also serve as chair of Mercer’s endowment and foundation (E&F) investment committee, which develops strategy and tactics for Mercer not-for-profit client portfolios, and provide leadership across Mercer’s not-for-profit client base.

Based in Boston, Shimberg will report to Stan Mavromates, Americas chief investment officer for Mercer Investments.

“As our E&F business continues to grow, we felt creating this role for Ken would enhance the level of service we bring to our client base,” said Stan Mavromates, Americas CIO for Mercer Investments. 

“Ken brings with him extensive endowment experience and we expect his knowledge will bring an added value for our non-profit clients who will be able to benefit from Ken’s years of experience working in this area.”

Shimberg joins Mercer from Brown University, where he served as an investment office managing director since 2001 and as interim chief investment officer from October 2012 to June 2013.

Before his role at Brown, he served as a principal at the Princeton University Investment Company. He has also worked at Nassau Capital, building private equity portfolios and at JPMorgan as a vice president in the structured finance group.

“With nearly 20 years working and leading in a university investment office, Ken brings the skills and intense knowledge necessary to address the challenges faced by endowments, foundations and other not-for-profit investors,” said Kim Wood, national practice leader for not-for-profit clients at Mercer Investments.

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