Moneta Group Investment Advisors has appointed Aoifinn Devitt as its new Chief Information Officer (CIO). With this move, Ms. Devitt becomes the first female CIO to look after the company's registered investment adviser (RIA)'s worth $27.4 billion in assets under management (AUM). The Missouri-based investment company is also expanding to Chicago, on which Devitt will be working.
Prior to joining Moneta, Devitt served at Federated Hermes, where she was head of investment for Ireland and played a crucial role in developing investment management oversight processes for Hermes Fund Managers Ireland Limited. She was also the CIO of the $2.6 billion Policemen's Annuity and Benefit Fund of Chicago. She also founded Clontarf Capital, which is pan-alternatives research and consulting firm.
"I don't believe in dictating strategies, and I will not be excluding anything. I am excited to bring my alternative expertise," Devitt said. She also said that her primary priority going into the job would be to make sure that the portfolio is resilient against rising inflation. And she will be predominantly be focusing on good governance, ensuring a company does right by employees.