Shelly Heier, President of Verus, to Depart This Month

Kraig McCoy

Jeff MacLean

Shelly Heier

Investment consultant and outsourced CIO provider Verus announced Monday that President Shelly Heier will step down from her position, effective September 30, after 24 years at the firm. Heier will be joining another, unidentified investment firm in a global leadership role, according to a news release.

Heier’s responsibilities will be divided between Jeff MacLean, CEO of Verus, and Kraig McCoy, the firm’s chief financial officer and chief operating officer.

“While I’ve decided to leave Verus to further my professional growth and I’m excited for this new challenge, I’m also sad to leave a place I’ve called my professional home for 24 years and all of the great people at Verus,” Heier said in a statement. “I firmly believe that Verus is in a very strong position right now and am confident firm leaders will pick up my initiatives seamlessly and do a great job moving them forward.”

Heier has spent most of her career at Verus, starting off as a research analyst before becoming president of the firm in 2013. Previously, she was a financial analyst at J. Duncan and Associates. She holds a B.A. in finance and economics from the University of Puget Sound.

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“Shelly has accumulated broad experience across the investment landscape and in business management. She has used these skills to inspire, guide, and motivate both her co-workers and her clients. While we are disappointed to see her leave, we also are proud to know that the professional she has become while working at Verus has prepared her to become a global leader in financial services,” MacLean said in a statement.

McCoy will adopt the title of president and CFO of Verus. “I believe that working with [MacLean], Shelly and other members of the Verus leadership team during the last eleven years, has prepared me to ably handle the added duties. I look forward to continuing the firm’s outstanding growth and the important initiatives the firm has underway in areas critical to our profession,” McCoy said in a statement.

McCoy was previously a controller at BGI and was also a controller at alternative investment manager Silver Creek Capital Management. He holds a B.A. in accounting from the University of Washington.