Photo Release -- Hirtle Callaghan Hires Seasoned Pension Expert

America's First OCIO Firm Hires Nicholas G. Botticelli as Director of Investment Strategy

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| Source: Hirtle Callaghan
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Nicholas G. Botticelli joins Hirtle Callaghan as Director of Investment Strategy and Head of Pension Portfolio Management

PHILADELPHIA, May 27, 2014 (GLOBE NEWSWIRE) -- Hirtle Callaghan, pioneers of the Outsourced Chief Investment Officer (OCIO) model, continues to expand its team with the addition of seasoned pension expert Nicholas G. Botticelli. Botticelli joins the team as Director of Investment Strategy and Head of Pension Portfolio Management.

A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=25570

His 17 years of experience at Verizon Investment Management Co. adds deep pension expertise to Hirtle Callaghan's broad capability.

"We are thrilled to welcome Nick to our firm," said Jonathan Hirtle, CEO and co-founder of Hirtle Callaghan. "He is a tremendous professional who will fit right into the team. His substantial experience and demonstrated talent give him the opportunity to make major contributions to both our Strategy and Portfolio Management groups. Finding Nick Botticelli is about our relentless drive to create better and better solutions for clients."

"Nick is a great guy and fabulous add for the team and the firm," said Tom Cowhey, Hirtle Callaghan's Chief Investment Strategist. "He brings even greater breadth and depth to our senior management team which is critical to fulfilling our leadership role in the industry."

Mr. Botticelli joined Verizon Investment Management Corp. in 1997, quickly advancing to the roles of Analyst, Senior Analyst, Director and finally Executive Director of Global Investments for the pension plan, 401k and other affiliated plans. As Executive Director, he reported directly to the CIO and was responsible for manager selection, due diligence and supervision of $40 billion in Global Equities, Global Bonds, Hedge Funds, Currencies and Commodities.  Some of his more recent projects include pension risk transfer, target date diversification and the application of LDI (liability driven investments) solutions. Additionally, Nick was a member of the Execution Committee responsible for asset allocation recommendations and decisions

About Hirtle Callaghan

Hirtle Callaghan (www.hirtlecallaghan.com) pioneered conflict-free open investment architecture and the professional outsourced CIO in 1988. 

Now with $24 billion under direct supervision (discretion) and recognition as one of the world's Top 20 Wealth Managers, Hirtle Callaghan has become one of the investment industry's leading change-agents. Known as "Wall Street idealists" and "cutting-edge fiduciaries" for combining performance intensity with a genuine fiduciary ethos, Hirtle Callaghan works closely with family, pension fund, endowment, foundation and health care clients managing complete, globally diversified, valuation dominant, conflict-free investment programs emphasizing the significance of capital-allocation and risk management at every step of the process.

Jessica Emery
(610) 649-9292