The new cfo joins from a nearby institution and will manage the university’s finances and investments.
The search is due to the impending retirement of its current investment head in June.
The foundation expects to approve an RFP seeking an outsourced cio to manage its endowment next month.
The wealth management firm head of outsourced cio left for a senior role at Brookfield Asset Management.
The governor signed a law that goes into effect this week that bars state colleges or universities in the state from considering ESG-related factors when making an investment decision.
The university added three private real asset commitments to its approximately $2.3 billion endowment in December and January, including one with a new manager.
The investment manager has filled the newly created position of global head of family capital with the former managing director of a prominent asset manager.
The institution rehired its incumbent provider over two other finalists to continue delivering banking and investment services for its portfolio after launching a search last year.
After showing consistent returns over the last two decades, private infrastructure funds offer attractive investment opportunities for nonprofits, due to growing demand, diversification of assets and mandated revenue structures of infrastructure projects.
The alternative assets-focused firm is launching an employee-ownership trust to recoup ownership stakes from its leadership team and redistribute to employees.