Wilshire Promotes Jason Schwarz to CEO | Chief Investment Officer

Jason Schwarz

Investment consultant and outsourced CIO provider Wilshire Advisors LLC announced Tuesday that the firm has promoted Jason Schwarz to CEO, effective immediately, from his previous roles as president and deputy CEO.

Schwarz succeeds Andy Stewart, who had served as CEO since 2023, and also assumes the role of executive chair. As deputy CEO, Schwarz oversaw Wilshire’s growth and execution across its business.

“Jason’s appointment to CEO is a natural and exciting next step in our evolution that aligns with the path we’ve set for the future,” Stewart said in a statement. “Since joining the firm in 2005, his vision and dedication have been instrumental in expanding our capabilities and delivering meaningful results for those we serve.”

Schwarz held multiple senior roles at Wilshire, including president of Wilshire Fund Management and Wilshire Analytics, chief operating officer, president and COO, and deputy CEO. He was previously a strategy consultant at Haig Barrett Inc.

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“I am honored to lead Wilshire as we embark on this exciting new chapter. Our clients’ evolving needs inspire us to innovate and deliver solutions that drive their success,” Schwarz said in a statement. “Building on Andy’s legacy, I look forward to working with our talented team to deepen our client relationships, expand our offerings, and set new standards for excellence in the industry.”

Wilshire also announced the appointments of Hanna Valva and Jason Hubschman as co-chief operating officers, succeeding Scott Condron.

Schwarz earned a bachelor’s degree from Hamilton College in political science and government and an MBA in finance from the University of Southern California’s Marshall School of Business.

Wilshire advised on more than $1.5 trillion in assets and managed $123 billion for clients as of December 31, 2024.