SANTA MONICA, Calif.--(BUSINESS WIRE)--Wilshire Associates today announced that firm veteran Andrew Junkin has been promoted to President of Wilshire Consulting, the institutional advisory and outsourced-CIO business unit of Wilshire.
Junkin most recently was a Managing Director of Wilshire Consulting, a position he has held since 2006. Junkin was appointed to Wilshire’s Board of Directors earlier this year. He succeeds Julia Bonafede, who after a long and successful career with Wilshire is leaving the firm to pursue new challenges. She will assist with the management transition.
Junkin has been ranked by CIO Magazine as one of the 25 most influential consultants globally for each of the past four years. A member of Wilshire Consulting’s Investment Committee, he joined the firm in 2005 as a Vice President and has been responsible for advising corporate and public retirement plans ranging in size from $1 billion to more than $300 billion.
“Andrew’s well-deserved promotion demonstrates the significant contributions he has made to the growth of Wilshire Consulting and to the success experienced by our clients,” said Dennis A. Tito, Founder, Chief Executive Officer and Chairman of the Board of Directors of Wilshire Associates. “His managerial acumen is exemplary, and I am confident of a seamless management transition and of our firm’s and our clients’ continued success under Andrew’s leadership. On behalf of our entire team, I also wish to thank Julia for her contributions to Wilshire and extend best wishes in her future endeavors.”
With more than 20 years of relevant consulting experience, Junkin was Director of Research and Senior Consultant at Asset Services Company prior to joining Wilshire. He holds both the Chartered Financial Analyst and Chartered Alternative Investment designations.
About Wilshire Consulting
The institutional investment advisory and outsourced-CIO business unit of Wilshire Associates, Wilshire Consulting has provided custom investment consulting solutions to plan sponsors for nearly 35 years. Wilshire consultants provide strategic advice on asset-liability analysis, asset allocation, investment policy development, asset class structuring, investment manager evaluation and monitoring and performance measurement.
Wilshire Consulting's customized OCIO services include full discretionary services or implemented services where plans outsource their back office. Wilshire’s Actuarial Services Group works closely with Wilshire Consultants and the OCIO team, in a non-advisory capacity, to assist clients with managing their plan through this challenging environment. As a leader in risk management and cost control, Wilshire Consulting excels at providing advisory consulting, discretionary and investment technology solutions and actuarial services to the market place. It currently provides consulting services to some of the nation’s largest public and corporate retirement plans, endowments, foundations and major insurance companies with combined total assets of nearly $1 trillion. Follow us on Twitter: @WilshireConsult.
About Wilshire Associates
Wilshire Associates, a leading global, independent investment consulting and services firm, provides consulting services, analytics solutions and customized investment products to plan sponsors, investment managers and financial intermediaries. Its business units include, Wilshire Analytics, Wilshire Consulting, Wilshire Funds Management and Wilshire Private Markets.
The firm was founded in 1972, providing revolutionary technology and acting as an early innovator in the application of investment analytics and research to investment managers in the institutional marketplace. Wilshire also is credited with helping to develop the field of quantitative investment analysis that uses mathematical tools to analyze market risks. All other business units evolved from Wilshire’s strong analytics foundation. Wilshire developed the Wilshire 5000 Total Market IndexSM and became an early innovator in creating the industry’s integrated asset/liability analysis/simulation models as well as the industry’s practical models in risk budgeting through beta and active risk analysis. Wilshire has grown to a firm of more than 300 employees serving the investment needs of institutional clients around the world.
Based in Santa Monica, California, Wilshire serves in excess of 500 clients across 20 countries with combined assets exceeding $8 trillion**. With eleven offices on four continents, Wilshire Associates and its affiliates are dedicated to providing clients with the highest quality counsel, products and services. Wilshire® and Trust Universe Comparison Service®, TUCS® are registered service marks of Wilshire Associates Incorporated. Wilshire 5000 Total Market IndexSM and Wilshire 4500 Completion IndexSM are service marks of Wilshire Associates Incorporated.
Website: www.wilshire.com
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us: @WilshireAssoc
**Client assets are as represented by Pensions and Investments, detailed in P&I’s “Largest Retirement Funds” and P&I’s “Largest Money Managers (U.S. institutional tax-exempt assets)” as of 9/30/14 and 12/31/14, and published 2/9/15 and 5/18/15, respectively.
