IRELAND - Hewitt & Becketts has hired Deborah Reidy (pictured) from National Treasury Management Agency (NTMA) as an executive director to head up its investment practice.
Reidy’s brief will be to develop the investment practice of Hewitt & Becketts as a distinctive, specialised investment consulting business, focused on thought leadership and innovative solutions, the company said.
In addition to heading up the existing team of investment consultants, she will also assume an active role in the investment manager monitoring and selection activities, which it carries out on behalf of the pension funds of a number of larger Irish and multinational companies.
Previously, Reidy was head of investment manager selection at NTMA for the National Pensions Reserve Fund. Prior to this, she was a partner with Mercer. A graduate in finance of NYU, she also holds an MBA in marketing and finance from Fordham University.
The company said that Reidy’s appointment reaffirmed its commitment to further develop its investment consultancy business.
Kieran Barry said: “We believe that considerable scope exists in the Irish market, which is considerably less mature than, for instance, the UK market in this sector.
“Without prejudicing our ability to give independent advice to our clients, which remains our paramount objective, we have identified significant opportunities to develop new and additional consultancy services. We are delighted that Deborah Reidy will lead our strong team of experienced investment specialists.”
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