After losing its longtime chief executive officer & chief investment officer, The University of Virginia Investment Management Company, or UVIMCO, found a new leader to assume the helm of the $9.2 billion endowment. Meanwhile, several endowments and other institutions announced major changes in leadership and team. Here are the top institutional investment moves in March 2018:
Robert W. Durden, chief investment officer of Texas Children’s Hospital, was named as the chief executive officer and chief investment officer of University of Virginia Investment Management Co. Durden succeeds Lawrence Kochard, who left in September 2017 to be the chief investment officer of Makena Capital Management. Durden is to assume the role of the multibillion-dollar endowment in April 2018.
Jason Bull, managing director of public equities at Emory Investment Management, was named the first chief investment officer of the University of Georgia Foundation. Bull will begin in the newly created position at the $1.2 billion university foundation on April 9, 2018.
Kelsey Deshler, global head of manager research at BlackRock, was named as chief investment officer of the $828 million endowment at Carleton College. She replaced Jason Matz, who left the college to become the chief investment officer of GHR Foundation.
Melinda Barber, managing director at Harvard Management Co., will be departing the $37.1 billion endowment to a new investment role at Pilot House Associates, a family office of billionaire Amos Hostetter Jr.
Datuk Ben Chan, co-head of investment at Khazanah Nasional Berhad, was named as regional managing director of Ontario Teachers’ Pension Plan. He will oversee the plan’s Asia-Pacific investments. Chan replaces Nicole Musicco, who became a senior managing director of public equities, at Ontario Teachers’ Pension Plan. Chan will be assuming his new role at the $140 billion pension fund on June 1, 2018.
Macky Tall, head of infrastructure, was appointed as head of liquid markets and Réseau express métropolitain, at Caisse de Depot et Placement du Quebec. Tall will oversee the management of liquid marketing investments and the planned rapid transit system in Montreal. Maxime Aucoin, senior vice president, was named as executive vice president, and will now head new investment strategies and innovation team. These two positions are new at the C$298.5 billion ($227.8 billion) pension fund.
View Trusted Insight's monthly people moves roundups here.