Industry Veteran Joins Firm as More Than 370,000 Retirement Investors Have Entrusted
Financial Engines to Manage over $20 Billion in Retirement Assets
PALO ALTO, Calif., August 11, 2009 – Financial Engines, a leading provider of retirement help, today announced that it has hired Omar Aguilar as head of its Portfolio Management group, reporting to Chief Investment Officer Christopher Jones. In his new role, Omar is responsible for all portfolio management functions at the company, including all aspects of portfolio construction, implementation and oversight, investment processes and policies, performance measurement and attribution, investment reviews, and working with plan sponsors, provider partners, and leading consulting firms to establish and promote Financial Engines' investment methodology. Omar will serve on the company's investment committee and will be a key resource in strengthening relationships with Financial Engines' growing client base of large plan sponsors.
Financial Engines today ranks among the 30 largest Defined Contribution asset managers1 and has been entrusted by more than 370,000 participants to manage over $20 billion in retirement assets. As the company continues its commitment to serving retirement investors and providing more retirement help to participants, the Portfolio Management team plays an ever larger role.
"As Financial Engines continues to serve more and more individual 401(k) participants at some of the largest companies in the country, Omar's experience and demonstrated leadership will be a great asset to the team" says Christopher Jones, Chief Investment Officer, Financial Engines. "We are delivering personalized investment management at a scale that is historically unprecedented. Omar and his team will work to ensure that our investment management processes and methodology continue to deliver consistent and reliable performance for our clients."
Omar has over 16 years of quantitative investment experience. Prior to joining Financial Engines, Omar was the head of Quantitative Equity for ING, where he was responsible for building and developing the firm's quantitative equity group, managing over $20 billion in assets. He joined ING in 2004 from Lehman Brothers, where he served as the Head of Quantitative Research for their alternative investment management business. Prior to that, he was a director of quantitative research and portfolio manager with Merrill Lynch Investment Management.
Omar was a Fulbright Scholar at Duke University's Institute of Statistics and Decisions Sciences, where he earned his M.S. and Ph.D. He completed a B.S. in actuarial sciences and a graduate degree in applied statistics from the Mexican Autonomous Institute of Technology (ITAM).
About Financial Engines:
Financial Engines is a leading independent investment advisor committed to providing everyone the trusted retirement help they deserve. The company helps investors with their total retirement picture by offering personalized retirement plans for saving, investment, and retirement income. Financial Engines offers both online advice and professional management to meet the needs of different investors. Cofounded in 1996 by Nobel Prize-winning economist Bill Sharpe, Financial Engines works with America's leading employers and retirement plan providers to make retirement help available to millions of American workers. For more information, please visit www.financialengines.com.
Financial Engines® and Retirement Help for Life® are trademarks or service marks of Financial Engines, Inc. Advisory and sub-advisory services are provided by Financial Engines Advisors LLC, a federally registered investment adviser. Historical performance is no guarantee of future returns.
1Pensions & Investments. Managers of defined contribution assets, U.S. institutional, tax-exempt assets, as of Dec. 31, 2008, published in the May 18, 2009 edition of Pensions & Investments. Financial Engines' relationship to the rankings is based on the assets managed by Financial Engines at the end of 2008.