Wilshire Associates Acquisition is Completed, Hires Former CEO of FTSE Russell
Posted on 01/14/2021
New York-based CC Capital is a private investment firm focused on investing in and operating businesses for the long term, and Motive Partners, a private equity firm focused on technology-enabled financial services companies, announced the close of the acquisition of Wilshire Associates, an investment consulting and advisory firm.
The leadership team at Wilshire will be augmented by a number of new executive hires, coordinated by the buyers to drive additional value to clients, including the new Chief Executive Officer, Mark Makepeace, Founder of FTSE International and former Chief Executive Officer of FTSE Russell, the global index provider that he grew from inception to be a leading global player. Andy Stewart, an Industry Partner at Motive Partners, joins as Chief Innovation Officer, having previously co-led BlackRock’s Alternative Investment platform. Jody Kochansky, an Indust
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Wilshire is bringing on new executives, including the founder of FTSE Russell, following the close of its acquisition by two private investment firms.
The investment consulting firm announced Wednesday that Mark Makepeace, founder and former chief executive officer of FTSE, will become its CEO, replacing Wilshire’s founder, Dennis Tito.
In October, Wilshire announced that it would be acquired by private investment firms Motive Partners and CC Capital. Wilshire said in its October announcement that Tito would retire once the deal closed.
The deal process began during the summer of 2019, when Jason Schwarz, who is now president and chief operating officer at Wilshire, met with Makepeace over breakfast in Santa Monica to discuss acquisition opportunities, according to Schwarz.