Andrew Junkin, the president of Wilshire Consulting since 2015, is leaving the investment consulting firm, Wilshire Associates announced Monday.
Junkin, who joined Wilshire in 2005, has served on Wilshire’s board of directors for the past five years. The timing for his departure is “flexible,” according to a company spokesperson.
“Over the last 15 years, I have developed meaningful relationships across the organization and with clients,” Junkin said in a statement. “The time has simply come to tackle my next professional challenge.”
As president of Wilshire Consulting, Junkin led a team of over 80 consulting professionals. During his 15-year tenure at Wilshire, he worked with large institutional investors including public and corporate pension funds, foundations, endowments, and insurance companies.
Prior to joining Wilshire, he served as a senior consultant and director of research at Asset Services Company.
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A spokesperson for Wilshire said there are no plans to replace Junkin’s role. However, the company has created a new chief operating officer position that will oversee Wilshire’s analytics, consulting, funds management, and private markets businesses.
Jason Schwarz, president of funds management and analytics, has been appointed to the position. He will remain on Wilshire’s board and report to firm president John Hindman.
“As Wilshire’s solutions become more complementary and our business lines more cohesive, it is a natural evolution for one individual to oversee our collective suite of services through the role of COO,” Hindman said in a statement. “Jason is the ideal person for the job, given his depth of expertise, track record of success, and tenure within the organization.”
Like Junkin, Schwarz joined Wilshire in 2005. He was named president of Wilshire Funds Management in 2014, with oversight of the analytics business added to his role in 2017. Schwarz previously served as a consultant at Haig Barrett.
“There are obvious synergies across Wilshire’s various businesses and I’m eager to help amplify them for our clients,” Schwarz said.