Verus, a Seattle-based funding consultancy, has expanded to the East Coast with a brand new Pittsburgh location. The workplace can be led by new addition Mark Brubaker, a seasoned funding consulting government.
Verus was based in 1986, and affords non-discretionary funding consulting in addition to outsourced chief funding officer (OCIO) companies to giant institutional shoppers, together with endowments, foundations, and pension plans. The corporate additionally has choices in portfolio threat advisory and personal markets companies.
The agency has places of work in Seattle, San Francisco, and Los Angeles.
The Pittsburgh places expands the agency’s presence into the East Coast and Midwest. New workplace chief Mark Brubaker has spent a lot of his intensive profession in Pittsburgh, and joins the agency as a managing director, senior guide, and member of the administration committee.
“Verus has a protracted historical past of serving shoppers east of the Mississippi, and we have needed to increase our nationwide presence for a while. Now that now we have achieved that, we’re greater than gratified to have constructed this round such a gifted and extremely revered guide,” mentioned CEO Jeff Maclean.
Brubaker spent the final yr as a managing director at PNC Institutional Asset Administration, main the OCIO enterprise for the massive shoppers phase. Earlier than that he spent 23 years at Wilshire Associates, the place he led the OCIO enterprise. He additionally served on the funding committee and was on the board of administrators from 2016-2019. Throughout his time at Wishire, he supported among the agency’s largest shoppers, together with public pension plans, foundations, and hospitals.
Earlier than that, Brubaker was a supervisor of pension investments at Westinghouse Electrical Firm, and an assistant VP at PNC Advisors. He holds an MBA from Carnegie Mellon College and a BA in economics from Yale College.
“I am really honored to assist obtain an vital milestone for Verus,” Brubaker mentioned. “We plan to do loads of thrilling work for our shoppers on this workplace, and I sit up for working with the gifted analysis and consulting groups at Verus.”
The agency additionally introduced that its chief threat officer, Max Giolitti, could be relocating to the Pittsburgh workplace. Giolitti joined Verus in 2011, and has since labored to develop the agency’s threat framework. He was beforehand director of quantitative evaluation and group threat supervisor at Microsoft, and director of asset allocation and threat at Alaska Everlasting Fund.