In October, an endowment and two pension funds appointed new leaders to manage billions of dollars in assets. Senior investment professionals moved to other institutions, and an alternatives asset manager named changes to its executive staff. Here are the top institutional investment moves in October:
Asset Allocator:
Sudhir Rajkumar was named chief investment officer of the United Nations Joint Staff, and will succeed Carolyn Boykin. Trusted Insight accurately named Rajkumar as one of the top 10 candidates to fill the position. He currently leads the global pension advisory program at the World Bank Treasury, and serves on the Investment Committee of the United Nations Office for Project Services. The appointment was announced on October 19, 2017.
David McAuliffe was named Berkeley Endowment Management Company’s president and chief investment officer. He was previously the senior investment officer at the University of Washington Investment Management Company. McAuliffe will take over the executive role at the $1.8 billion endowment effective December 1, 2017.
Mark Walker was named as chief investment officer of Coal Pension Trustees Services, based in the United Kingdom. The Coal Pension Trustee Services manages the Mineworker’s Pension Scheme and the British Coal Staff Superannuation Scheme, for a total of more than €23 billion ($27.2 billion) in assets under management. Walker was previously the global chief investment officer for Unilever’s pension funds.
Asset Manager:
Ben Narasin joined venture capital firm New Enterprise Associates, Inc. as a venture partner. Previously, Narasin served as general partner at Canvas Ventures.
Kewsong Lee and Glenn Youngkin will lead The Carlyle Group as co-chief executive officers on January 1, 2019. David Rubenstein and William Conway Jr., Carlyle’s current co-chief executive officers, will serve as co-executive chairmen, and will continue to serve on Carlyle’s board and executive group. Peter J. Clare was appointed as co-chief investment officer along with William Conway, Jr.
Asset Allocator:
Sudhir Rajkumar was named chief investment officer of the United Nations Joint Staff, and will succeed Carolyn Boykin. Trusted Insight accurately named Rajkumar as one of the top 10 candidates to fill the position. He currently leads the global pension advisory program at the World Bank Treasury, and serves on the Investment Committee of the United Nations Office for Project Services. The appointment was announced on October 19, 2017.
David McAuliffe was named Berkeley Endowment Management Company’s president and chief investment officer. He was previously the senior investment officer at the University of Washington Investment Management Company. McAuliffe will take over the executive role at the $1.8 billion endowment effective December 1, 2017.
Mark Walker was named as chief investment officer of Coal Pension Trustees Services, based in the United Kingdom. The Coal Pension Trustee Services manages the Mineworker’s Pension Scheme and the British Coal Staff Superannuation Scheme, for a total of more than €23 billion ($27.2 billion) in assets under management. Walker was previously the global chief investment officer for Unilever’s pension funds.
Asset Manager:
Ben Narasin joined venture capital firm New Enterprise Associates, Inc. as a venture partner. Previously, Narasin served as general partner at Canvas Ventures.
Kewsong Lee and Glenn Youngkin will lead The Carlyle Group as co-chief executive officers on January 1, 2019. David Rubenstein and William Conway Jr., Carlyle’s current co-chief executive officers, will serve as co-executive chairmen, and will continue to serve on Carlyle’s board and executive group. Peter J. Clare was appointed as co-chief investment officer along with William Conway, Jr.