Hirtle Callaghan hires investment planning chief

FWR Staff

28 February 2008

Ex-Delaware Investments executive Dokas to take lead in investment strategy. Hirtle Callaghan has named Delaware Investments manager Paul Dokas as v.p. of investment planning and analysis, a position that puts him in charge of the planning and execution of investment strategies for the firm's clients.

"Paul brings more than 20 years of leadership in investment planning, a strong investment philosophy and proven success managing billion-dollar investment policies and asset allocation strategies," says Jon Hirtle, CEO of West Conshohocken, Pa.-based Hirtle Callaghan.

CIO approach

While with Delaware Investments, a subsidiary of Philadelphia-based Lincoln Financial, Dokas was at first a senior portfolio manager and then leader of the firm's structured products team, which oversaw a $8-billion investment portfolio.

Hirtle Callaghan supervises $16 billion for high-net-worth and institutional clients. On the private-client side, it works more with entrepreneurs than with "old money," according to Hirtle. "We work with smart people, business builders and successful professionals, who aren't necessary experienced in the investment business," says Hirtle. "Our CIO approach to wealth management is one they understand instinctively, however."

Last summer Hirtle Callaghan's Boston-region CIO Brian Gray provided an apt description of the difference between the firm and other investment consultants.

"We do everything from asset allocation and working with the money managers to cash flow and rebalancing as a full-time CIO," he said. "It's like if you're out driving and you ask for directions. A consultant will give you the directions; we get in the car with you and take you there." -FWR

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