US – Five former executives at California-based investment consultancy, Barra Strategic Consulting have broken away to form a new firm Casey, Quirk & Acito, which will provide strategic advice to the investment management industry.

The five executives of the new Connecticut-based company are John Casey, who is chairman, Kevin Quirk, Christopher Acito, Jeb Doggett and David Bauer. Its consulting services will include the development of corporate strategy, advice on mergers and acquisitions, investment process assessment and monitoring, and the development of manager-of-managers programs.

Says Casey: “The current environment for the investment management industry is still filled with a breadth of opportunity. However, these opportunities are becoming ever more challenging to realise. The overriding objective of our new firm is to help our clients succeed, whether as
investment managers or as investors."

Prior to setting up the new company, Casey was head of the Barra Strategic Consulting group and has 34 years experience in the industry.