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Kevin Kenneally has stepped down as DTE Energy’s investment strategies manager after eight years at the Detroit-based utility, CIO has learned.
He has accepted a similar deputy CIO-level role with the Fisher Group, a family office supporting the investment activities of the extended Max M. and Marjorie S. Fisher family.
Kenneally is due to start working with the Fisher assets, much of them from Detroit real estate, next month. According to the 2014 Forty Under Forty member, he will be responsible for managing investment portfolios and sourcing new investment ideas across all asset classes and geographies.
This move marks Kenneally’s first step into the family office space. Prior to joining DTE in 2007, the University of Michigan MBA holder spent three years managing pension assets for Ford. He also has two years of investment banking experience spent at Robert W. Baird, and spent three years working overseas for GE Capital.
“Asset allocation drives 90% of risk and returns.” —Kevin Kenneally
Along with CIO Paul Cavazons, Kenneally helped DTE secure last year’s Industry Innovation Award for corporate pension plans below $10 billion.
Related: DTE Energy’s Kevin Kenneally: Activist Investors and De-risking