The midwest-based firm, with more than $27 billion in client assets, has named its first female CIO.

Moneta, a US-registered investment advisor based in Missouri, has appointed Aoifinn Devitt as its new chief investment officer - based in Chicago.

She is the first woman to hold this post at the firm.

Bringing more than two decades of financial industry experience and a diverse international background, Devitt will establish its investment vision, philosophy and strategies. Her responsibilities will include aligning Moneta’s investment programs with broader firm goals, as well as overseeing the research, evaluation and selection of asset classes and investment vehicles.

Originally from Ireland, Devitt spent her early career working in London as an investment banking associate at Goldman Sachs International and as a specialist consultant at Cambridge Associates Limited. Devitt also founded Clontarf Capital, a pan-alternatives research and consulting firm. More recently, she served as CIO for the Policemen’s Annuity and Benefit Fund of Chicago and head of investment for Ireland at Hermes Fund Managers Ireland Limited.

Devitt is also a licensed attorney who has been a member of the New York Bar since 1996. She earned her law degree from Trinity College Dublin and MBA from INSEAD in France.

Moneta has $27.4 billion in assets under management. In May, Moneta launched its own trust company, called Moneta Trust. The trust will operate from Kansas City. Moneta opened an office in that city in 2020.