Wilshire Associates Inc. has promoted John Hindman to the role of president of the firm.

Reporting directly to Wilshire’s chairman and chief executive Dennis Tito, Hindman has been with the company since 2008. The heads of Wilshire’s four businesses will report to him: Julia Bonafede, president of Wilshire Consulting; Mark Hansen, president of Wilshire Analytics; Kevin Nee, president of Wilshire Private Markets; and Jamie Ohl, president of Wilshire Funds Management.

“His appointment as president of Wilshire is a natural progression based on his leadership, professionalism and overall contributions to the firm. Wilshire has benefited greatly from John’s nearly two decades of experience in financial services,” said Tito in a statement. “In particular, his strategic thinking has greatly enhanced the focus and vision for the firm. I look forward to continuing to work closely with John during the coming years.”

Hindman has held a number of executive roles at Wilshire, including senior managing director, chief operating officer and member of Wilshire’s board of directors. He has held a number of strategic planning roles at other companies as well. For example, he had served as chief financial officer of the law firm Paul, Hastings, Janofsky & Walker. He also served as executive vice president of finance for Alliance Global Investors. He also earned his certified public accounting certification with working for Arthur Andersen.

Tito announced Hindman’s promotion at Wilshire’s recent annual shareholder meeting, after also announcing that Larry Davanzo, who was serving as Wilshire’s president, was stepping down. Davanzo will leave the firm on March 30.

Davanzo, who also served as vice chairman of Wilshire’s directors’ board as well as member of the firm’s executive committee, had first joined Wilshire in 1977. He founded Wilshire Consulting in 1980. He had left Wilshire in 1991 to form independent investment consultant Asset Strategy Consulting, which later became part of institutional tech platform InvestorForce. He rejoined Wilshire in October 2004 to further develop Wilshire’s asset management business.

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