Mercer appoints Kenneth Shimberg 01 May 2015New York Reporter: Becky Butcher
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Mercer Investments has appointed Kenneth Shimberg as US endowment and foundations chief investment officer for outsourced CIO services.
Shimberg will serve as chair of Mercer’s endowment and foundation investment committee.
In addition, he will provide leadership across Mercer’s not-for-profit client base, using his experience to improve Mercer’s ability to reach outcomes for these organisations.
He will be based in Boston and he will report to Stan Mavromates, Americas chief investment officer for Mercer Investments.
Prior to his new role, Shimberg served as investment office managing director at Brown University, since 2001 and as interim chief investment officer from October 2012 to June 2013.
Kim Wood, national practice leader for not-for-profit clients at Mercer Investments, commented: “Shimberg brings the skills and intense knowledge necessary to address the challenges faced by endowments, foundations and other not-for-profit investors.”
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