Rockland, MA – April 3, 2023 – Cutter Associates, a leading provider of research and consultancy services for asset managers, asset owners, and other investment companies around the globe has appointed Dru Holmquist as Consulting Principal and Head of the firm’s Client Facing and Wealth practices effective April 1, 2023. He replaces Cindy Castellano who has moved into the role of CEO.

Dru has over 30 years of financial services industry experience and has developed expertise across asset management distribution, investment management, and wealth management technology and operations. He has conducted strategy programs for CRM, client mastering, data architecture, client reporting, client onboarding, trading, research, and portfolio management capabilities.

“Dru is a seasoned member of the consulting team and a successful leader who is highly respected by Cutter clients and staff,” said Arnie Wachs, Head of Cutter’s Consulting Practice. “He has extensive industry knowledge and considerable experience in advising investment managers on the issues impacting how they best serve and communicate with their clients as well as the issues affecting wealth managers”.

Prior to joining Cutter in 2019, Dru served as Managing Director of Technology for Nuveen Advisory Services. His knowledge spans the equities, fixed income, municipals, commodities, private debt, private equity, real estate, farmland, agri-business, and timber management sectors, as well as a range of investment vehicle types.

“I am proud to turn the leadership of our Client Facing and Wealth practices over to Dru,” said Cindy Castellano, newly appointed CEO of Cutter Associates. “These are important and growing practices for the firm, as our clients increasingly request our assistance to help them improve their clients’ experience.”

About Cutter Associates

Cutter Associates, LLC serves the operational, technology, and client experience needs of the global asset and wealth management industry, providing companies the tools and services they need to be successful. With deep industry and domain experience and expertise, Cutter Associates provides independent research, exclusive member-only events, custom operations benchmarking, a global consultancy, and a vast peer network. Headquartered in Rockland, MA, and owned by NRI Group, in Tokyo, Japan, Cutter Associates has subsidiaries in Canada and the UK, and offices in London and Sydney. For more information, visit us at Connect with us on Twitter and LinkedIn.

About NRI

Founded in 1965, NRI is a leading global provider of consulting services and system solutions, including management consulting, system integration, and IT management and solutions for the financial, manufacturing, retail and service industries. Clients from all layers of these individual industries partner with NRI to tap NRI’s research expertise and innovative solutions across the organization to expand businesses, design corporate structures and create new business strategies. NRI has more than 16,000 employees in more than 100 offices globally including New York, London, Tokyo, Hong Kong, Singapore, and Australia. NRI reports annual sales above $4.9 billion. NRI is rated “A” by S&P Global Ratings Japan. For more information, visit

For more information or to get in touch with a Cutter Associates representative in your region, contact us at [email protected].

Media Contact:

Jennifer Murray

Cutter Associates

[email protected]

(781) 223-5251

Whether developing operational strategies that drive meaningful value, or evaluating, selecting, and implementing systems, Cutter is here to help.