Cambridge Associates has hired Alex Koriath as head of the UK pension practice. Koriath joins Cambridge from KPMG’s investment advisory team in London, where he worked as director and head of fiduciary management advisory services and head of manager research.
Cambridge Associates, the global institutional investment advisor, has hired Alex Koriath, 37, as Head of the firm’s UK Pension Practice, effective July 2014.
Mr. Koriath joins Cambridge Associates from KPMG’s Investment Advisory Team in London, where he served as Director and Head of Fiduciary Management Advisory Services and Head of Manager Research. In those roles he helped build the firm’s pension business and advised trustees and corporate sponsors of defined benefit schemes on investment strategy, manager selection and complex derivative-based de-risking strategies.
At Cambridge Associates, Mr. Koriath will lead the firm’s UK pension practice, with a particular focus on its fiduciary management business. The practice serves UK corporate and government/public pension entities ranging in size from £100 million to more than £10 billion in assets.
“As Cambridge’s UK pension business grows and finds increased demand for pension portfolio solutions, we redouble our commitment to bringing to bear deep expertise, experience and a track record of successfully working with various types of institutions. We believe that Alex Koriath will represent just that as he leads our pension teams and helps serve our pension clients in the UK,” said David Druley, Managing Director and head of the global pension practice at Cambridge Associates.
“Pension scheme trustees today are grappling with a range of challenges including underfunding, a need to manage and control risk, increased complexity and a tightening regulatory environment. In addition, today’s low-return environment places a premium on the need for innovative value-add solutions if schemes are going to meet their goals. Our mission is to help our clients address these challenges and meet their goals,” he added.
Said Mr. Koriath, “I am very enthusiastic about the differentiated approach Cambridge Associates offers to UK pension schemes; solutions aimed at maximizing returns at the appropriate level of risk. The focus on tapping the alpha potential of the growth assets by employing levers such as hedge funds, private equity and high value-add, long-only managers, along with a robust risk management framework, is particularly important when building an all-weather portfolio. It’s very relevant for schemes focused on lowering risk while continuing to generate their targeted returns in the current market environment.”
Prior to joining KPMG in 2007, Mr. Koriath was an investment consultant at Hewitt Associates and, before that, an Associate in Group Investments at Allianz Group in Munich. He holds a MSc. (Distinction) in accounting and finance from the London School of Economics.
About Cambridge Associates
Founded in 1973, Cambridge Associates is a provider of investment services to institutional investors and private clients worldwide. Today the firm serves more than 950 global investors and delivers a range of services, including investment advisory, discretionary portfolio management, research and tools (Research Navigatorsm and Benchmark Calculator), and performance monitoring, across asset classes. Cambridge Associates has more than 1,100 employees based in eight global offices in Arlington, VA; Boston; Dallas; Menlo Park, CA; London; Singapore; Sydney; and Beijing. Cambridge Associates consists of five global affiliates that are all under common ownership and control. For more information about Cambridge Associates, please visit www.cambridgeassociates.com.