Industry News
The plan’s investment officer departed after less than one year in the role.
The firm’s head of business development will depart as part of a restructuring.
He joins the firm from BlackRock as is based in West Palm Beach, Fla.
The position is a new one for the private equity firm.
Patrick O’Donnell joined the firm this week from BlackRock.
The new hire will assume leadership responsibilities across the firm’s $221.2 billion equities platform.
The new hire joins from Columbia Threadneedle Investments.
The firm has named a head of distribution for its institutional outsourced cio practice, housed within subsidiary PFM Asset Management, to support its go-to-market strategy for consultant relations.
Private foundations reported relatively better average annual returns than their community foundation counterparts for 2022, however, the average annual returns declined from the previous year, representing the largest average year-over-year decline for foundations since the Global Financial Crisis.
The institution has hired its next cfo from a health system in the South as its current finance head is set to retire after 33 years of service.