Agility, the outsourced chief investment officer business of Perella Weinberg Partners, hired Amita Schultes as a managing director. Schultes, who will be based in New York, will be a member of Agility’s investment team, working with endowments, foundations and other institutional clients across the U.S.

Schultes came from Colonial Consulting where she was a partner, managing director and senior consultant. She served as the sole investment consultant to numerous non-profit institutional investors and pension plans, advising clients on the management of their investment portfolios. Previously, she worked as a senior consultant at Ibbotson Associates where she developed asset allocation programs for asset management companies, insurance companies and broker dealers. She began her career at Salomon Smith Barney.

Chris Bittman, Agility CEO and CIO and partner at PWP, stated, “There has been tremendous growth in investment outsourcing as endowments and foundations increasingly look to build more diversified portfolios amid volatile and complex markets. We are excited to have Amita join the Agility team. Her experience and skills will be invaluable to our clients as we develop customized investment solutions to meet their unique needs.”