Hirtle Callaghan, a Philadelphia-based privately held investment firm, has opened an office in New York to serve clients and expand its services.

Reportedly, Randall Burkert, a former head and co-founder of the Global Institutional Group at Goldman Sachs, has joined Hirtle Callaghan and will serve as head of the new office.

Jonathan Hirtle, CEO of Hirtle Callaghan, said: “It is time for us to have a more significant presence in New York. We’ve been referred to as ‘Wall Street idealists’ for our unusual emphasis on both performance intensity and a genuine fiduciary ethos. We also like to say that we are going to change the investment industry, one relationship at a time.”

“We are delighted that Randy Burkert is joining Hirtle Callaghan. We have known and respected him for years. Our clients and our firm will benefit from his professionalism, integrity and experience,” he added.