Investment consulting firm NEPC added a team from Goldman Sachs Asset Management to its corporate consulting practice group.
NEPC hired three new principals — Alison Lonstein, Matt Maleri and Joe Nankof — as well as a new senior consultant Emma O'Brien, NEPC said in a news release Thursday.
Ms. Lonstein and Ms. O'Brien will join NEPC's defined contribution practice group, while Mr. Maleri and Mr. Nankof will join NEPC's corporate defined benefit practice group. "The new team members will also help support NEPC's health-care and insurance clients," the news release said.
Craig Svendsen, the Cincinnati-based partner and corporate practice director at NEPC, said in an interview, that the four new hires, who are filling newly created positions, will work remotely, primarily in Connecticut.
"These four have exceptional reputations in the DB and DC space, and we will lean on them for their views to help us grow our business even further," he added, noting that Mr. Nankof was a co-founder of Rocaton Investment Advisors, which was acquired by GSAM in April 2019.
Mr. Svendsen added that NEPC's DB and DC teams — with the new additions — now have 23 and 26 staff members, respectively.
Ms. Lonstein, Mr. Maleri, Ms. O'Brien, and Mr. Nankof formerly served as consultants at GSAM, the release said. This team was formed while at Rocaton.
A spokesman for GSAM said the firm's advisory and investment consulting businesses are adequately staffed with some 120 professionals and the company "will be welcoming additional consultants in the coming months."
NEPC had $1.5 trillion in assets under advisement as of April 1.
