Philadephia-area investment advisory Hirtle Callaghan has opened its first office in New York and hired former Goldman Sachs executive Randall Burkert to run it.

 

"We’ve been referred to as ‘Wall Street idealists’ for our unusual emphasis on both performance intensity and a genuine fiduciary ethos," says Hirtle Callaghan's CEO <b>Jonathan Hirtle</b>. "Where better to demonstrate that commitment than the financial capital of the world?”

 

Burkert, who began his career with PricewaterhouseCoopers in 1986, joined Goldman in 1989. In 1999 he co-founded  Goldman's Global Institutional Group in 1999 and managed it for 10 years. He played professional basketball in Argentina in the mid 1980s.

 

"We have known and respected Randy for years," says Hirtle. "Our clients and our firm will benefit from his professionalism, integrity and experience.”

 

Hirtle and Donald Callaghan left Goldman in 1988 to establish West Conshohocken, Pa.-based Hirtle Callaghan with view to providing institutional investment products and services to individuals, families and their associated entities. The firm advises on about $17 billion in assets.