ST. LOUIS--(BUSINESS WIRE)--Moneta, a 100% partner-owned registered investment advisor (RIA) headquartered in Missouri, is proud to announce the appointment of Aoifinn Devitt, an Ireland native, as its new Chief Investment Officer (CIO). With the addition of its first female CIO, Moneta bolsters its senior leadership team and expands its footprint to Chicago, where Devitt will reside.
Bringing more than two decades of financial industry experience and a diverse international background, Devitt will play an integral role in establishing the firm’s long-term investment vision, philosophy and strategies. Her responsibilities will include aligning Moneta’s investment programs with broader firm goals, as well as overseeing the research, evaluation and selection of asset classes and investment vehicles.
“Aoifinn’s impressive skill set and extensive experience across asset classes and management structures make her the perfect fit for the CIO role,” said Keith Bowles, Chief Operating Officer of Moneta. “We’re thrilled to welcome her to our senior leadership team and are eager to see her make her mark.”
Originally from Ireland, Devitt spent her early career working in London as an investment banking associate at Goldman Sachs International and a specialist consultant at Cambridge Associates Limited. Devitt also founded Clontarf Capital, a pan-alternatives research and consulting firm. More recently, she served as CIO for the Policemen’s Annuity and Benefit Fund of Chicago and head of investment for Ireland at Hermes Fund Managers Ireland Limited.
“I am incredibly proud to be joining Moneta as CIO,” said Devitt. “The firm’s legacy coupled with its leading position as one of America’s top 10 independent RIAs make it the ideal place for me. Further, Moneta’s strategic approach to growth - attracting like-minded advisors who appreciate the value of shared equity in a member-owned RIA - is one that I can wholeheartedly stand behind. I look forward to leveraging my expertise to help Moneta maximize results and maintain its elevated standard of excellence long into the future.”
Devitt is also a licensed attorney who has been a member of the New York Bar since 1996. She earned her law degree from Trinity College Dublin and MBA from INSEAD in France.
Moneta Group Investment Advisors, LLC is a registered investment advisor with $27.4 billion in assets under management, headquartered in the Midwest. Barron’s ranked Moneta among the nation’s Top 10 Independent RIAs in 2018, 2019 and 2020 for its combination of quality and scale. InvestmentNews ranked Moneta as the nation’s second-largest fee-only RIA, with more than $20 billion in AUM in 2019 and 2020.
The firm consistently earns praise for the way it invests in and takes care of employees. In 2019, InvestmentNews ranked Moneta among the nation’s “Best Places to Work for Financial Advisers” for the second-straight year. In 2021, the St. Louis Post-Dispatch ranked Moneta among its “Top Workplaces” for the eighth-straight year, and the St. Louis Business Journal named Moneta as one of its “Best Places to Work” for a sixth-straight year.