Key Takeaways
- • NEPC, LLC named Tim McCusker president effective January 1, 2026, and he will become CEO in January 2027 as part of a multi-year succession plan.
- • Sarah Samuels, CFA, CAIA, a partner and head of investment management selection at NEPC, was appointed chief investment officer effective January 1, 2026, succeeding McCusker in that role.
- • McCusker will take over as president and then CEO following the departure of Manning, according to the company's announcement.
- • NEPC is an investment consultant and outsourced CIO provider, so the leadership changes bear directly on its fiduciary advisory services to institutional and private clients.
Summary
Boston-based NEPC, LLC announced two leadership promotions on December 10, 2025, according to a PR Newswire release. Tim McCusker has been named president of the firm, effective January 1, 2026, and is slated to become chief executive in January 2027. The moves are part of a multi-year CEO succession plan, with McCusker succeeding Manning as president and CEO following Manning's departure, as reported by Pensions & Investments.
Sarah Samuels, CFA, CAIA, a partner and head of investment management selection at NEPC, has been appointed chief investment officer as part of the same plan, also effective January 1, 2026. Samuels will succeed McCusker in the CIO role, a transition noted in a post by Hightower Advisors. Pensions & Investments reporter James Comtois described Samuels's appointment as the step that takes on the CIO responsibilities within the multi-year succession framework.
NEPC describes itself as a leading investment consultant and outsourced CIO provider serving institutional and private clients. McCusker said in a public post that he was honored to be appointed president and will become CEO in January 2027. The announcement positions the firm to maintain leadership continuity across its investment consulting and OCIO businesses while the transition proceeds over the coming year.
Sarah Samuels, CFA, CAIA, a partner and head of investment management selection at NEPC, has been appointed chief investment officer as part of the same plan, also effective January 1, 2026. Samuels will succeed McCusker in the CIO role, a transition noted in a post by Hightower Advisors. Pensions & Investments reporter James Comtois described Samuels's appointment as the step that takes on the CIO responsibilities within the multi-year succession framework.
NEPC describes itself as a leading investment consultant and outsourced CIO provider serving institutional and private clients. McCusker said in a public post that he was honored to be appointed president and will become CEO in January 2027. The announcement positions the firm to maintain leadership continuity across its investment consulting and OCIO businesses while the transition proceeds over the coming year.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.