One of the “Big Four” consulting
giants EY has tapped a new investment chief and treasurer for its pension fund,
CIO has confirmed.
Walter Kress, who began
his new role in October, is now responsible for managing the US firm’s pension
and retirement plan investment portfolios, according to his LinkedIn.
Based in Secaucus, New
Jersey, Kress is also in charge of developing a long-term strategy that is in line
with EY’s operational priorities.
The new CIO comes from
serving nearly 10 years at JP Morgan as managing director and COO for the New
York-based financial giant’s retirement plans. There, he was responsible for
the plans’ investment operations as well as “the oversight of the nonmarketable
alternatives,” his LinkedIn said.
Kress also spent more than
two decades in a variety of positions at Mellon Institutional Asset Management,
primarily retail fund manager Dreyfus, and Prudential Securities.
He holds a bachelor’s
degree in finance and economics from Syracuse University and is also an elected
member of the board of finance in Wilton, Connecticut.
Hartford Investment Club