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President of Wilshire Funds Management Resigns

<em>Jamie Ohl stepped down on Friday—Wilshire’s second high-level departure in less than six months.</em>
Reported by Featured Author

(September 12, 2012) — Jamie Ohl resigned as president of Wilshire Funds Management and member of the board of directors on Friday, after two years with the California firm, aiCIO can exclusively report. 

Ohl’s departure comes less than six months after Lawrence Davanzo stepped down as president of parent company Wilshire Associates. Davanzo had returned to Wilshire in 2004 in part to sell the company. In March, he left amid disagreements with Chairman, CEO, and majority owner Dennis Tito, who was unhappy with the bids being brought, according to sources. 

Wilshire has not announced Ohl’s resignation or a possible successor. Sources informed on the matter say she stepped down to pursue “a good opportunity” elsewhere. 

Prior to joining Wilshire Funds Management as chief operating officer in September 2010, Ohl headed the retirement division of the Hartford Financial Services Group. She has worked in insurance and the financial services industry for more than 20 years.