Key Takeaways
- • Morgan Stanley has named Sona Menon head of its outsourced chief investment officer (OCIO) business, according to an internal memo obtained by Pensions & Investments.
- • Menon joins from Cambridge Associates, where she was an OCIO partner and head of its pension practice, managing roughly $20 billion of institutional assets.
- • Press coverage describes the OCIO franchise she will lead as a $184 billion business that also includes responsibility for pensions in North America.
- • The appointment comes as OCIO providers compete for growth across retirement, high-net-worth, and endowment clients.
Summary
Morgan Stanley has appointed Sona Menon as head of outsourced chief investment officer (OCIO), according to an internal memo obtained by Pensions & Investments. Menon previously spent roughly two decades at Cambridge Associates, where she served as an OCIO partner and head of the firm's North American pension practice, managing approximately $20 billion in institutional assets. Cambridge Associates has been her employer since 2001, and she brings more than 25 years of investment industry experience, according to her firm profile.
Industry coverage reported that Menon will lead the $184 billion OCIO business and also serve as head of pensions for North America. Her remit covers the firm's OCIO client solutions, which the Form ADV brochure supplement lists under Morgan Stanley Wealth Management. Filings indicate she has held roles overseeing OCIO solutions for retirement and government clients and for ultra-high-net-worth investors.
In comments reported by Pensions & Investments, Menon has described strong growth in OCIO demand among retirement, high-net-worth, and endowment clients, and has emphasized the firm's scale and differentiation in the market. The hire underscores competition among large asset managers to build out outsourced investment capacity as institutional and wealth clients seek delegated management.
Industry coverage reported that Menon will lead the $184 billion OCIO business and also serve as head of pensions for North America. Her remit covers the firm's OCIO client solutions, which the Form ADV brochure supplement lists under Morgan Stanley Wealth Management. Filings indicate she has held roles overseeing OCIO solutions for retirement and government clients and for ultra-high-net-worth investors.
In comments reported by Pensions & Investments, Menon has described strong growth in OCIO demand among retirement, high-net-worth, and endowment clients, and has emphasized the firm's scale and differentiation in the market. The hire underscores competition among large asset managers to build out outsourced investment capacity as institutional and wealth clients seek delegated management.
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