John-Austin Saviano is stepping down as president and chief investment officer of the Berkeley Endowment Management Company, or BEMCO. José Rodriguez, the editorial director of university development and alumni relations, said in an email that a subcommittee of the BEMCO board will be working with the staff in order to ensure a smooth transition. BEMCO was created by the UC Berkeley Foundation in 2009 as a nonprofit subsidiary to manage investments for the UCBF — the endowment for the UC regents is managed separately.