Cohen & Steers Hires Specialist to Expand DCIO Support for Southeast U.S. Market

NEW YORK, Oct. 23, 2017 /PRNewswire/ -- Christopher Gasta has joined Cohen & Steers as a vice president on the wealth management team, specializing in the defined contribution investment-only (DCIO) marketplace. Mr. Gasta joins a dedicated DCIO team formed during the past 18 months to strengthen Cohen & Steers' position in the $7 trillion defined contribution market, where the firm provides investment management services to qualified retirement plans.

Mr. Gasta comes to Cohen & Steers from PNC Capital Advisors, where he served as the Southeast Regional DCIO Director and was responsible for developing relationships with top retirement plan advisors. He brings 20 years of experience serving the defined contribution market. Based in Georgia, Mr. Gasta will cover the Southeastern United States, joining Jessen Fahey (West), under the leadership of Charlie Wenzel (Northeast).

Defined contribution is a strategic focus for Cohen & Steers. With the addition of Mr. Gasta, the firm has completed the build-out of an external DCIO team and now looks forward to the next phase of a corporate initiative to expand its retirement plan presence with record keepers, financial advisors and third-party administrators.

"While plan sponsors continue to simplify their investment menu choices, there is a clear need for improved real asset diversification within target date funds and other DC line-up choices," said David Edlin, Executive Vice President and Director of Wealth Management Consulting. "With their history of attractive returns, low correlations with other asset classes and positive inflation sensitivity, listed real assets may increase the likelihood of investors achieving their retirement income goals," he added.

Real assets are already widely utilized by corporate and public pension plans, yet remain under-represented in defined contribution plans. This leaves significant room for growth in real assets allocations as firms look to institutional investors as a model for implementing fiduciary best practices.

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About Cohen & Steers. Cohen & Steers is a global investment manager specializing in liquid real assets, including real estate securities, listed infrastructure, commodities and natural resource equities, as well as preferred securities and other income solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Hong Kong, Tokyo and Seattle.

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