The Alfred P. Sloan Foundation has poached Monica Lai from Pfizer.
Lai, who has spent more than six years at the pharmaceutical giant’s $13 billion US pension plan, has been named senior investment director, the foundation confirmed. Her first day was June 20.
In her new role, Lai reports directly to CIO Elizabeth Hewitt, who joined the $1.8 billion fund from the Robert Wood Johnson Foundation last October.