Jamie Shen, executive vice president and practice leader of alternative investments consulting at Callan Associates, is leaving after more than 17 years at the San Francisco-based investment consulting firm.
PERE understands that Shen will remain at Callan through the end of the month before taking on a new role at PGIM, where she will be responsible for overseeing one of the firm’s timber or agriculture funds. PGIM declined to comment.
At Callan, Shen has overall responsibility for real assets consulting services and focuses particularly on real estate and agriculture. However, she also oversees research and implementation of strategies in real estate, timber, infrastructure and agriculture.
Shen works directly with the boards or staff at Callan’s clients in developing and executing strategic and tactical plans, as well as providing oversight in the control and monitoring of clients’ real estate portfolios. Additionally, she handles investment due diligence for real assets and chairs Callan’s alternative investments committee.
Senior vice presidents Sally Haskins and Avery Robinson will become co-managers of the real assets consulting group upon Shen’s departure. Haskins and Robinson, who joined the firm in 2010 and 2008, respectively, will lead a team comprising Jonathan Gould, Kevin Nagy and Lauren Sertich.
Additionally, Callan will bring on two new hires, Barbara Bernard and Jan Mende. Bernard, who previously was a portfolio manager at Washington, DC-based investment firm CCM Group, will be based in Callan’s Summit, New Jersey office and joins on February 23. Mende, who formerly led the client relations team at private asset manager Capital Dynamics, starts on March 1 and will be based in Callan’s San Francisco office.
“We are excited for Jamie Shen and her new opportunity, and wish her all the best in her new role,” a Callan spokeswoman said in an email to PERE. “Our goal is to ensure a seamless transition for our clients as client service is, and will always be, our top priority.”
Before joining Callan, Shen was a principal at McMahan Group, a San Francisco-based management consulting firm focused on real estate, from May 1996 to June 1999, according to her LinkedIn profile. Prior to that, she was a senior consultant with the real estate services group at Arthur Andersen and a member of the real estate valuation services group at Ernst & Young.
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