Financial Engines Names Portfolio Management Group Head

Financial Engines has hired Omar Aguilar as head of its Portfolio Management group, reporting to Chief Investment Officer Christopher Jones.

In his new role, Aguilar 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 consulting firms to promote Financial Engines’ investment methodology. The company said he will serve on the investment committee and be a key resource in strengthening relationships with Financial Engines’ client base of large plan sponsors.

Aguilar has more than 16 years of quantitative investment experience. Prior to joining Financial Engines, he was the head of Quantitative Equity for ING, where he was responsible for building and developing the firm’s quantitative equity group, managing more than $20 billion in assets. He joined ING in 2004 from Lehman Brothers, where he served as the head of Quantitative Research for its alternative investment management business. Prior to that, he was a director of quantitative research and portfolio manager with Merrill Lynch Investment Management.