MICHAEL HARRIMAN JOINS WILSHIRE ASSOCIATES
Industry Leader to Head Wilshire Analytics, Europe
SANTA MONICA, CA AND LONDON, July 22, 2008 -- Wilshire Associates
Incorporated, a leading global investment technology, investment services and consulting
firm, today announced that industry leader Michael Harriman has joined the firm as a
senior managing director and head of Wilshire Analytics, Europe.
"A savvy, business-oriented, information technology executive with a broad range of
experience within international financial markets, Michael is an ideal choice to lead
Wilshire Analytics in a very important part of the world for our firm," said Dennis A.
Tito, chairman and chief executive officer of Wilshire Associates Incorporated.
"Michael's experience and expertise runs the spectrum in the financial sector. With a
demonstrated track record in delivering cost effective, practical and achievable business
solutions to top tier financial institutions, Michael will be invaluable to us as we continue
to build Wilshire Analytics' market share globally."
In addition to heading Wilshire Analytics, Europe, Harriman, who reports to Tito, also
will be responsible for Wilshire Total Fund Analytics, a division of Wilshire Analytics, in
Europe, the Middle East and Africa, and will oversee business development and client
relationships in Europe.
Harriman brings a wealth of expertise in providing IT solutions to the investment management
industry, most recently as principal of the London-based consulting firm, Positive View
Limited. Previously, Harriman was the founding chief executive officer of software and
services organization, Strategic Asset Management Solutions Ltd. (SAMS), a provider of
portfolio analytics, performance measurement and client reporting software for UK and
European investment firms.
"The breadth of Wilshire's product offerings combined with the depth and diversity of
the client base provides a great foundation for the expansion of Wilshire's global market
presence," Harriman said. "This role offers me an exciting opportunity to leverage 20
years of industry experience to lead a dynamic team of industry experts to achieve new
goals in a challenging global economy."
About Wilshire Analytics
Wilshire Analytics is a business unit of Wilshire Associates Incorporated, a leading
global investment services and consulting firm which has evolved from a pioneering
provider of risk management tools into a highly regarded organization specializing in
investment technology solutions, manager-of-managers investment solutions and
institutional investment consulting services.
About Wilshire Associates
Wilshire Associates is a leading global investment technology, investment consulting and
investment management firm with four business units: Wilshire Analytics, Wilshire
Funds Management, Wilshire Consulting, and Wilshire Private Markets. The firm was
founded in 1972, revolutionizing the industry by pioneering the application of investment
analytics and research to investment management for the institutional marketplace.
Wilshire also is credited with helping to develop the field of quantitative investment
analysis that uses mathematical tools to analyze market risks. All other business units
evolved from Wilshire's strong analytics foundation.
Wilshire developed the index now known as the Dow Jones Wilshire 5000 Composite
IndexSM, the first asset/liability models for pension funds, the first U.S. equity style
metrics work and many other "firsts" as the firm grew to nearly 350 employees serving
the investment needs of institutional and high net worth clients around the world.
Based in Santa Monica, CA, Wilshire provides services to clients in more than 20
countries representing in excess of 600 organizations with assets totaling more than $12.5
trillion. With ten offices on four continents, Wilshire Associates and its affiliates are
dedicated to providing clients with the highest quality counsel, products and services.
Please visit www.wilshire.com for more information.
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