The new hire will focus on medium to large institutional investors and their investment consultants across the U.S.
The deal will see approximately $8 billion in assets move to the Wintrust subsidiary.
The firm brought on a former member of investment consulting firm NEPC’s healthcare practice.
The search aims to expand the geographic focus of the plan’s existing factor portfolio and provide alternatives to building its existing four underlying factor exposures.
The principal had been responsible for leading the firm’s manager research efforts for multi-strategy hedge funds, CTAs and hedge funds-of-funds.
The plan moved an additional $30 million to an active equity manager hired over the summer.
The new hire will work to develop strategic sales plans for the U.S. insurance market.
The plan also disclosed private equity, real estate and strategic investments from the third quarter.
The plan created a 3% target to private equity at its board meeting this week.
The new hire will be responsible for expanding engagement with and allocations to minority- and women-owned firms and emerging managers.