(June 18, 2014) – Towers Watson has appointed two CIOs in a move which adds to the consultancy giant’s asset management capabilities.
Craig Baker has been handed the newly-created role of global CIO, while Chris Mansi has taken on the same position for Towers Watson’s “delegated clients”, including those using the firm’s outsourced CIO offering.
Together the pair will share responsibility for more than $60 billion in assets under management and $2 trillion in assets under advisory.
Mansi—who has worked at the group for 15 years—previously led the group’s fiduciary management arm, and will now take charge of its wider outsourcing business.
Baker was previously Towers Watson’s head of research, and has been at the company for 20 years in various roles.
Chris Ford, global head of investment at Towers Watson, said the global CIO roles would “bring together all of our research and portfolio construction resources”. Baker will also have responsibility for the group’s investment philosophy.
The appointments are the latest in a number of staff changes at Towers Watson this year. In March Steve Carlson was promoted to head of investments for the group’s Americas business, replacing the departing Chris DeMeo. Ed Francis took charge of the European investment arm in the same month following Chris Ford’s promotion to global head of the investment business.