Announcements
The university is creating a sizeable endowment to support scholarships for disadvantaged students that also includes a venture fund for student and alumni entrepreneurs.
The foundation hired an investment operations manager in May following a search from last year.
Hire formerly served as head of structured product sales and development at Credit Suisse.
New CEO joined manager from security screening company Evolv Technology, where he served as cfo.
The transaction is expected to close in the third quarter, subject to customary closing conditions.
The purchased entity will operate under the buyer’s brand after the close, which is scheduled to occur by the end of June.
Letter was sent to colleges and universities including Harvard University, Yale University and Duke University, arguing that diversification in investment must not come at the expense of abetting human rights violations.
The university named its assistant v.p. for finance and controller as interim cfo and senior v.p. for operations as its conducts a national search for the position.
The foundation hired a new finance head to oversee investment management, finances and accounting after its v.p. of finance left earlier this year for another opportunity.
The nonprofit hired two firms as partner outsourced cios following an invitation-only RFP process last year.
