#United States #Boston #NEPC #Tim McCusker #Sarah Samuels

NEPC Announces New Leadership Appointments

On December 10, 2025, NEPC, LLC, a prominent investment consulting firm, revealed significant changes in its leadership structure intended to guide the company into its next chapter. Effective January 1, 2026, Tim McCusker will step into the role of President, taking the reins from Michael Manning who has led NEPC for nearly three decades.

Transition Period for Leadership

Tim McCusker, who is set to transition to the CEO role in January 2027, has a formidable background with almost 20 years of experience at NEPC, culminating in his previous position as Chief Investment Officer (CIO). Over the next year, he will collaborate closely with Manning to ensure a smooth transition, maintaining NEPC's strong client relationships and strategic direction.

Michael Manning commented on McCusker's appointment, stating, "Tim has exemplified the qualities that define NEPC—deep investment expertise, sound judgment, and an unwavering commitment to our clients and people." As NEPC celebrates its 40th anniversary, Manning has expressed confidence in McCusker’s capability to lead the firm through the challenges and opportunities that lie ahead.

Manning will continue to be involved as NEPC's CEO through 2026 before stepping into a senior advisory role. In this capacity, he will focus on client engagement, talent development, and guiding the firm's strategic initiatives.

McCusker's Vision for NEPC

In his new role as President, McCusker aims to build upon NEPC’s legacy of integrity and innovation, emphasizing a client-first strategy while adapting to changing market conditions. He stated, "I have always been proud to work for a mission-driven organization that makes a real impact on society, and I am excited to evolve our business while preserving the client-first mindset that defines who we are."

His leadership experience includes overseeing an investment team of more than 72 professionals dedicated to investment research across various sectors, including alternative investments and public markets. McCusker has been instrumental in shaping NEPC's strategic direction, particularly through the development of its Outsourced Chief Investment Officer (OCIO) practice, which has become a significant offering for clients.

Appointing a New CIO

Alongside McCusker's promotion, Sarah Samuels will take on the role of CIO starting January 1, 2026. Samuels brings two decades of experience in the investment arena. Her prior positions include leadership roles at the Massachusetts Pension Reserves Investment Management Board and at Wellesley College. At NEPC, she has been a key player for the past seven years as Partner and Head of Investment Manager Selection.

Samuels views her new position as an opportunity to leverage her extensive knowledge to enhance NEPC's investment strategies further, specifically aimed at navigating the complexities of today's market landscape. As a recognized leader in the industry, she has held numerous influential roles, including chairing the CFA Society Boston Board and founding the Boston Chapter of the Private Equity Women Investor Network.

About NEPC

Founded in 1986, NEPC is renowned for its client-centric approach, managing over $1.7 trillion in assets across more than 400 clients, including institutional investors and ultra-high-net-worth families. NEPC’s commitment to creating innovative investment solutions rooted in long-term goals has solidified its reputation as a premier investment consultant and OCIO provider. The firm aims to continue delivering forward-thinking investment portfolios that align with client needs, fostering lasting partnerships in the investment landscape.

As NEPC enters this exciting new phase with a solid leadership team, it is poised for sustained growth and innovation in the investment consulting arena.