Executive Team

Paul Rangecroft is the Practice Director of the North America Retirement group, Head of Aon’s Global Retirement Executives, and a member of the Global Retirement & Investment Executive and Global Operating Committees, as well as Aon’s Executive Leadership Team. Rangecroft joined the firm in 1994, and immediately following the merger of Aon and Hewitt, he took on the role of Chief Executive Officer of the Consulting business in Canada. He managed the Retirement & Financial Management group, before expanding his purview to North America in 2015. Rangecroft also worked in the U.K. for two years in the International Retirement Consulting Team. He is a member of Aon’s Cash Balance and Pension Equity Actuarial Resource Team and has been a conference speaker at the annual meetings of the Society of Actuaries, the Joint Board for the Enrollment of Actuaries and on CCH national teleconferences. Rangecroft also co-authored the “Cash Balance Plan Answer Book” for Aspen publishers, and is one of Aon’s leading experts on Employee Ownership vehicles. He co-authored the National Center for Employee Ownership’s book on ESPPs. Rangecroft is a Fellow of the Society of Actuaries and an Enrolled Actuary. He earned both a B.S. degree in mathematics and a M.S. in statistics from the University of Kent at Canterbury in the UK.

Steve Cummings is Global Investment Officer and Global Head of Investment Consulting. Cummings serves as the primary consultant for select retainer and project clients. He also served as the team leader for Aon Hewitt Investment Consulting’s work with the U.S. Treasury Department during its TARP initiative and served as advisor to the State Treasurer and interim CIO of a multi-billion-dollar state retirement system during a transition period between CIOs. Cummings co-leads the firm’s Global Investment Executive Function and is responsible for thought leadership within the firm. He is a sought-after industry expert and frequently speaks before industry groups on a broad range of topics including soft dollars, public fund oversight, portfolio construction, and the evolution of the consulting industry. Cummings joined EnnisKnupp, predecessor firm to Aon Hewitt Investment Consulting, in 1989 as a consultant and later rejoined in 2000 as the president and Chief Executive Officer. Prior to rejoining EnnisKnupp, Cummings was the president of Marquette Associates from 1997–2000. He holds a B.S. degree from the University of Texas and an M.B.A. degree from the University of Chicago. He is a CFA charterholder and is a member of the CFA Institute and Investment Analyst Society of Chicago (IASC). He is also a member of the Board of Trustees of Kohl Children’s Museum of Greater Chicago.

Terry Ahern is Chief Executive Officer, co-founder of Townsend Group in 1983 and a member of the firm’s Management, Investment, and Global Macro Strategy Committees. Previously, Ahern was Vice President of a real estate investment bank, after beginning his career in law private practice. Ahern is a well-respected authority on real estate markets. He has been a frequent speaker at industry conferences and has authorized numerous articles in academic journals and industry publications. He has served as an expert witness on behalf of institutional investors and provided assistance and testimony to the Department of Labor (DOL), the Department of Housing and Urban Development (HUD), and the Securities and Exchange Commission (SEC).Ahern is a former a member of the Young Presidents Organization (YPO), the Pension Real Estate Association (PREA) and the National Council of Real Estate Investment Fiduciaries (NCREIF), Board of Directors of the Pension Real Estate Association (PREA), Board of Editors of Institutional Real Estate Securities, and Board of Editors of The Institutional Real Estate Letter. He is Chairman of the Board of DDR Corp (NYSE:DDR), a self-administered and self-managed real estate investment trust. Ahern received a JD, Cum Laude, and BA, Magna Cum Laude, from Cleveland State University.


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