Board Approves Alan Lenahan as CEO and Bill Goslee as President Effective January 1, 2024
Nolan Bean Elevated to Co-CIO Alongside Greg Dowling as Part of Leadership Transition
Kathryn Mawer and Jeff Weisker Promoted to Managing Director
FEG Investment Advisors (“FEG” or the “Firm”), an independent, employee-owned, investment advisory firm, announced today that President and CEO Rebecca “Becky” Wood will retire at year-end after more than three decades at FEG. The Firm also announced that its Board of Directors (the “Board”) has unanimously approved Alan Lenahan as CEO and William “Bill” Goslee as President, effective on January 1, 2024. Ms. Wood will work closely with Mr. Lenahan and Mr. Goslee throughout 2023 to provide continuity to clients. FEG’s long-term succession planning and ESOP (Employee Stock Ownership Plan) structure allow for a seamless and orderly leadership transition.
Mr. Lenahan and Mr. Goslee are both long-standing members of the FEG Leadership Team and have been with the Firm since 2002 and 2008, respectively. Mr. Lenahan has served as Co-CIO for the last seven years, leading the Firm’s investment efforts. Mr. Goslee has served as Head of Institutional Services for the last four years, overseeing the Firm’s client advisors and service teams.
As part of the transition, Mr. Lenahan and Mr. Goslee will join the Board effective immediately. Ms. Wood will also continue to serve as a member of the Board and will assume the role of Board Chair, upon her retirement.
“Alan and Bill have been instrumental in the development and execution of FEG’s investment and business strategy for more than a decade. We are confident that through their focus on investment performance and client engagement, FEG will deliver an exceptional investment experience to our deserving clients. As tenured members of the FEG Leadership Team, Alan and Bill have highly complementary skill sets and a long history of close collaboration. They also have a deep understanding of the distinct needs of our institutional clients, their long-term investment objectives and unique missions,” said Ms. Wood. “I look forward to working closely with Alan, Bill and our entire Leadership Team throughout this transition, and I am pleased to have the opportunity to continue to uphold FEG’s mission, vision and values as a member of the Board moving forward.”
FEG also announced that Nolan Bean, Head of Portfolio Management, has been named Co-CIO, alongside Greg Dowling. Mr. Bean joined FEG in 2004 and previously led the Firm’s higher education and healthcare practice. Throughout his career, he has also worked with many of the Firm’s largest clients. As Co-CIOs, Mr. Bean will lead the portfolio management team and Mr. Dowling will continue to oversee the research team.
In conjunction with the leadership transition, FEG also announced the recent promotions of Kathryn Mawer and Jeff Weisker, each to Managing Director within the Institutional Services team. Ms. Mawer has been at FEG for 17 years and is leading the growth and expansion of FEG’s OCIO services. Mr. Weisker has been at FEG for 23 years and was promoted to lead a team of advisors that serve community foundation, healthcare and retirement plan clients.
“As FEG celebrates its 35th year, we are excited about the opportunities that lie ahead in our next chapter. Bill and I look forward to continuing to build upon FEG’s history of close collaboration and innovation as a trusted partner to our institutional clients as we pursue investment excellence in support of their remarkable missions,” said Mr. Lenahan.
“We are incredibly grateful to Becky for her lasting contributions to both the Firm and our clients. Over the years, Becky has played a crucial role in expanding FEG’s extensive network of client relationships and position in the industry, while also fostering a vibrant culture and ownership mindset among employees,” added Mr. Goslee.
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Alan Lenahan is FEG’s Incoming CEO, effective on January 1, 2024. He previously served as FEG’s Co-CIO, leading the Firm’s OCIO business and overseeing the investment activities of the Firm. He joined FEG in 2002 and has been a member of the Leadership Team since 2015. Prior to FEG, Mr. Lenahan served as a Senior Corporate Finance and Risk Management Analyst at The Western and Southern Life Insurance Company and as a Senior Associate of Valuation Services at Arthur Andersen. He currently serves as an executive advisor to Xavier University’s Finance Board, a member of the Investment Committee for the Cincinnati Parks Foundation, and a member of the CFA Society of Cincinnati. Mr. Lenahan earned his BSBA in Finance and Marketing from Xavier University.
William “Bill” Goslee is FEG’s Incoming President, effective on January 1, 2024. He also currently serves as FEG’s Head of Institutional Services, leading the Firm’s client advisors and service teams. He has over 35 years of experience in the investment industry. He joined FEG in 2008 and has been a member of the Leadership Team since 2010. Prior to FEG, Mr. Goslee held senior leadership positions at Nationwide Insurance and Goldman Sachs Asset Management. He began his career at Arthur Andersen. He is currently a member of the Board of Directors of the Catholic Charities of Southwest Ohio, and a member of the Board and Chair of the Investment Committee at Mount Notre Dame High School. Mr. Goslee earned his BBA in Accounting from the University of Notre Dame.
Nolan Bean is FEG’s Co-CIO and Head of Portfolio Management, developing strategies to help ensure clients receive a consistent investment experience. He previously led the Firm’s higher education and healthcare practice. He joined FEG in 2004 and been a member of both the Leadership Team and Board of Directors since 2017. Prior to FEG, Mr. Bean was a financial advisor with Waddell & Reed Financial Services. He currently serves as a member of the Board of Trustees and as the Investment Committee Chair at the Seven Hills School and is a member and past president of the CFA Society in Cincinnati. Mr. Bean earned his BSBA in Finance from Georgetown College and his MBA in Finance and Quantitative Analytics from the University of Cincinnati’s Carl H. Lindner College of Business.
Kathryn Mawer is a Managing Director on FEG’s Institutional Services Team. In this role, she is responsible for leading the growth and expansion of FEG’s OCIO services. She joined FEG in 2006 and currently serves on the Enterprise Risk Committee and the Community Foundation Committee. Prior to FEG, Ms. Mawer was a Senior Research Analyst at ACNielsen BASES. She is currently a member of the CFA Institute, the CFA Society of Cincinnati, the CAIA Association and the Philanthropic Educational Organization (P.E.O.). She is also a member of the McCullough-Hyde Memorial Hospital Foundation Investment Committee. Ms. Mawer earned her BS in Business Management from Boston University.
Jeffrey “Jeff” Weisker is a Managing Director on FEG’s Institutional Services Team. In this role, he leads a team of advisors that serve community foundation, healthcare and retirement plan clients. He joined FEG in 1999 as a Consultant Analyst and has been instrumental in managing FEG’s Annual Community Foundation Survey. Prior to FEG, Mr. Weisker was a Staff Accountant at KPMG. He currently serves as Chairman of the Board of Directors for the Wave Foundation and is on the Finance Committee of Catholic Charities of Southwestern Ohio. Mr. Weisker earned his BBA in Accounting from the University of Cincinnati.
About FEG Investment Advisors:FEG Investment Advisors (FEG) provides investment consulting, portfolio management, and research services to clients nationwide. Established in 1988, the independently owned firm has approximately $70 billion in total client assets under advisement, as of September 30, 2022. FEG services include FEG Consulting, which provides traditional, nondiscretionary investment consulting services to institutions; FEG OCIO, which provides outsourced CIO and discretionary portfolio management services for institutions and financial intermediaries; and FEG Research Services, which provides traditional and alternative strategies’ investment manager research, due diligence and monitoring. For more information, visit www.feg.com.