Hirtle Callaghan, an outsourced chief investment officer firm, is opening an office in San Francisco and has hired Dan Eagan as a director in its portfolio management group.
Eagan will be charged with growing the firm’s existing client base in Northern California and he will be based in the new office.
Eagan comes from Alliance Bernstein where he served as managing director servicing institutional client relationships and was also the head of the wealth management group.
In his career, he also served as a senior portfolio manager and co-head of domestic equities at BlackRock and as an institutional consultant at Mercer Investment Consulting.
Eagan’s appointment comes only months after Ranji Nagaswami was named chief executive in August.
As an organization of CIOs, Hirtle Callaghan uses collective purchasing power to design and manage investment programmes for family and institutional investors It supervises more than $20 billion in family, endowment, foundation, healthcare and pension assets in 46 states. Unlike a traditional fund of funds, Hirtle Callaghan doesn’t raise funds and doesn’t charge fund of funds fees.
Founded in 1988, the West Conshohocken, Pennsylvania-based company also has offices in Atlanta, Pittsburgh, New York, Chicago and Scottsdale.