Russell Hill, CEO of Ellwood Associates, Announces Retirement in 2019
July 2018 | Chicago
Russell Hill, longtime CEO of Chicago-based investment consulting firm Ellwood Associates, has announced that he will retire from the firm in February 2019. Hill will remain with the firm as chairman of the board of directors.
Hill has served as CEO of Ellwood since 2004. Under his leadership, the firm has grown from 95 clients and $22 billion in assets under advisement to 189 clients and $67 billion in assets under advisement at the end of 2017.
“Ellwood has been fortunate to experience tremendous growth in the past 14 years,” Hill said. “It has been an honor to lead the firm through this period of expansion, and I am confident that our growth trajectory will continue under new leadership. More importantly, we are honored to be the recipient of the 2017 Greenwich Associates Quality Award for mid-size consulting firms.”
Effective January 2019, Ellwood will restructure its management committee rather than appoint a new CEO. The new structure will recognize the collaborative decision-making framework that has long been in place at the firm. In addition, it expands the number of leadership positions in order to draw upon the experience of Ellwood’s senior professionals.
The existing members of the management committee – Sue Toth, Brad Levandoski, Dan George and Aaron Ward – will be joined by Dan Simon and Alex Farquhar. All management committee members will be managing directors of the firm. Aaron Ward will chair the management committee for consulting and Brad Levandoski will chair the management committee for operations. Both Aaron and Brad will report to the board of directors.
In addition, Tim Egan, senior consultant and healthcare practice leader, Aaron Ward, senior consultant, and Kevin Yoshida, senior consultant and director of capital markets, will join the board of directors.
“We believe this new management structure will allow Ellwood to spread responsibilities more broadly and bring a new and diverse perspective to the management of the firm, setting Ellwood up for continued success,” Hill said.
Ellwood is an investment consulting firm that delivers independent, unbiased advice and client-centered services that foster growth for corporations, endowments, foundations, hospitals, high net worth individuals and families, public entities, and wealth advisors. As of December 31, 2017 Ellwood consulted to 189 clients with $67 billion in assets under advisement. Ellwood is headquartered in Chicago, IL with an office in Denver and serves clients across the United States.
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