NextCapital Names New Chief Investment Officer to its Executive Leadership Team
Industry Veterans Will Drive Success for NextCapital’s Employees and Partners
January 26, 2021
Chicago, Ill. — NextCapital, the leader in enterprise digital advice, is pleased to announce that Mike Sebastian has been named the company’s Chief Investment Officer (CIO).
As CIO, Mike will further NextCapital's mission of helping everyone retire successfully by driving widespread adoption of cost-effective personalized solutions, enhanced through hybrid QDIA, retirement income, and other innovations. Mike will be responsible for overseeing the firm's discretionary assets under management.
Mike Sebastian, Chief Investment Officer
Mike brings over two decades of investment management and advisory experience, most recently as a senior partner at Aon. He has led large global cross-functional investment teams, worked closely with large institutional investors to improve their outcomes, authored notable investment thought leadership, and has developed widely successful methods of analyzing and constructing investment solutions at large scale.
“I joined NextCapital because I believe that digital advice will be the foundation for a better future for retirement, and that this organization is positioned to make that a reality.” Mike said.
Mike will also lead NextCapital’s Investment Committee. He will report to NextCapital President Dirk Quayle.
“Mike’s expertise and perspective across the investment management and defined contribution industry will prove invaluable as NextCapital continues to innovate with our institutional partners to achieve mass adoption of better, managed advice solutions,” noted Quayle. “Our mission is to help everyone retire successfully; Mike’s hire further reinforces that commitment."
NextCapital is the leader in digital advice platforms, providing solutions designed to help everyone retire successfully. NextCapital partners with financial institutions to deliver personalized planning and managed accounts to investors across multiple channels, including 401(k), IRA, and taxable brokerage accounts. The firm’s open-architecture digital advice solution provides integrated account aggregation, analytics, planning and portfolio management, and allows partners to customize advice methodology and fiduciary roles.
“NextCapital” is a brand name representing NextCapital Group, Inc. and its wholly-owned subsidiaries, NextCapital Software, Inc. and NextCapital Advisers, Inc. NextCapital Advisers, Inc. is an investment adviser registered with the Securities and Exchange Commission (SEC). NextCapital Software, Inc. is not registered with the SEC and does not provide investment advice.