U.S. Bancorp promoted Jim Link to head of its institutional outsourced CIO practice, effective immediately, the firm announced in a press release . Link is responsible for delivering investment advice to institutional investors, including retirement, foundation, endowment and insurance asset owners, says Eric Thole, CEO of U.S. Bancorp Asset Management in an email. “The institutional OCIO segment has grown significantly over the past decade and is expected to continue on this trajectory in the coming years as clients seek holistic solutions over varying market cycles,” says Thole.“We were in a position to focus significant effort and resources into growing our presence in the space.” Institutional investors use OCIO services to transfer full or partial responsibility to a third party—an asset manager or investment consultant—to operate the investment function, accountability and fiduciary responsibility for an asset pool. Increasingly, defined benefit plans have used outsourced investment advisers to improve performance and funding. The U.S. Bancorp OCIO business is operated by a wholly owned subsidiary—PFM Asset Management LLC—responsible for new business development, investments, client experience and service or product offerings, according to a U.S. Bank spokesperson. “The increasing complexity of portfolios, combined with extreme market volatility, has caused many institutions to rethink […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
