Top 30 Hospital Chief Investment Officers
Professionally managed investment offices at U.S. hospital systems are a burgeoning subset of institutional investing. Assets that once merely sat on -- and in some instances burdened -- balance sheets are now being deployed to fund hospital operations, projects and pension benefits. In-house investment offices perform an increasingly essential role in ensuring the long-term financial soundness of hospital systems. Presenting the Top 30 Hospital Chief Investment Officers. Gain insights from CIOs and healthcare systems at Trusted Insight Alpha Conference 2017.
William Lee joined New York Presbyterian Hospital as chief investment officer in June 2016, where he oversees the hospital's $7 billion investement assets. Previously, he was the chief investment officer of Kaiser Permanente, a health care system with $75 billion of assets under management. Before that, Lee served as chief investment officer of Levi Strauss & Co. and as senior vice president and chief investment officer of Bank of America. Lee is a graduate of California State University-Hayward.
Anthony Waskiewicz is the chief investment officer of Mercy Health, where he oversees the health system's $2.5B investment program. He is a Chartered Financial Analyst and has a degree in Business Administration and Management, General from Washington & Lee University, Lexington, VA.
Since June 1993, Jacque Millard is vice president and chief investment officer of Intermountain Healthcare. Millard also serves as private equity sub-committee member for Deseret Mutual and investment committee member for Virginia G. Piper Charitable Trust. Millard holds a B.A. in Finance from Weber State College and an MBA from Westminster College. Millard is a CFA charter holder and a certified cash manager.
Since February 1989, Drew Swiss has served as vice president of finance and chief investment officer at Montefiore Medical Center. Swiss is a board member on the 1199 National Benefit Fund and previously served as treasurer of Community Unitarian Church of White Plains and senior manager at Ernst & Young. Swiss holds a B.S. in Accounting and an M.A. in Economics from City University of New York.
David Erickson is the chief investment officer at Ascension Investment Management, where he is responsible for the administration, management and coordination of investments and operations. Prior to this, he was chief investment officer at the University of Wisconsin Foundation. He also previously was a Vice President and Investment Strategist for Strong Capital Management in Wisconsin and was a derivative specialist with PNC Bank/PNC Capital Markets in Pennsylvania, Chemical Bank in New York, and Firstar Bank in Wisconsin. David holds a bachelor’s degree in economics from Wheaton College, Wheaton, Ill, and is also a Chartered Financial Analyst.
Since October 2003, Steve Klimkowski, CFA, has served as chief investment officer at Northwestern Memorial HealthCare in Chicago, Illinois. Klimkowski was previously chief operating officer at the University of Chicago Office of Investments and senior vice president at ABN AMRO Chicago Corporation. Klimkowski holds a B.A. in Economics from University of Illinois at Urbana-Champaign and an MBA from the University of Chicago.
Molly Murphy is the chief investment officer of Mercy Health, overseeing a $5-billion asset portfolio encompassing tax-exempt corporate assets, insurance company assets, defined benefit and defined contribution plans, strategic capital reserves, cash management programs, and the Mercy Health Foundation. Murphy was previously the CIO of Seasongood Asset Management. She has an MBA in finance from Xavier University and a B.S. in finance from Miami University.
Stefan Strein is the chief investment officer of Cleveland Clinic. Strein has 22 years of experience in leading investments both as a GP and a LP in a variety of sectors, from hedge funds to venture capital. Previously he was the CIO of Annie E. Casey Foundation and a managing director at a venture capital firm called NextGen Capital. Strein has a master's degree in finance and international business from the Johns Hopkins University and a B.A. in liberal arts from Washington College.
Leslie Lenzo is the chief investment officer of Advocate Health Care. Before joining Advocate Health Care in 2013, she spent seven years as an investments manager at Northwestern Memorial Healthcare. Lenzo has an MBA in finance from Boston University and a bachelor's degree from Georgetown University.
William Walker is vice president and chief investment officer at the Baylor College of Medicine Endowment, which has more than $1 billion in assets under management.
Bradley Bond is the chief investment officer of the University Hospitals of Cleveland. Bond manage's the health system's $2.7 billion of invesments in endowment, operating funds, ERISA Pension, off-shore captive insurance and other retirement plan assets. He is also directly involved in new investments in life-sciences innovations and start-up companies. Bond holds a MBA in finance from Weatherhead School of Management at Case Western Reserve University and a B.S. in accounting and finance from Ohio State University.
Michael Malewicz is the System Vice President - Treasury and Chief Investment Officer at SSM Health, overseeing a $4.0B portfolio. Prior to this, he held various treasury and investment roles, including director of treasury at City of Hope and treasurer for Washington Hospital Healthcare System. He has an MBA from the University of San Francisco, and a B.S. in Finance from California State University-San Diego.
Patricia Steeve O'Neil is assistant vice president, chief investment officer and treasurer of Rush University Medical Center, which has more than $2B in assets under management. Previously, Steeves O'Neil was managing director at Bank of America. She holds a B.A. in Mathematics and Economics from Mount Holyoke College and a master's in Applied Economics from the University of Michigan.
Chris Halaska is senior vice president and chief investment officer at Memorial Hermann Health System. Previously, Halaska worked in JPMorgan's investment banking divison for more than 12 years. Halaska holds a B.B.A. in Finance and an MBA from the University of Texas at Austin.
Philip Rotner is the first-ever chief investment officer at Boston Children's Hospital. Previously, Rotner served as a managing director at the MIT Investment Management Company. Rotner holds a bachelor of arts in economics from Amherst College and an MBA from the University of Chicago.
Paul Gorman is the senior investment officer of Mayo Clinic. He joined Mayo Clinic as an assistant treasurer in 2011. Gorman has a bachelor's degree from Dartmouth College.
Jason Klein is the chief investment officer of Memorial Sloan Kettering Cancer Center. Prior to this, he was the chief investment officer at the Museum of Modern Art (MoMA) in New York. He holds an MBA from University of Pennsylvania - The Wharton School, a J.D. from the University of Pennsylvania Law School and a B.A. from Wesleyan University.
John Barker is the chief investment officer of Partners HealthCare, managing a investment portfolio including long term, aggregate bond, money market, and ERISA investment pools. Previously Barker was a managing director at Harvard University endowment and an alternative asset manager at Wellesley College. Barker holds a MBA from University of Pennsylvania - The Wharton School and a bachelor's degree from Dartmouth College.
Rick Graniere has been the chief investment officer and corporate treasurer of Memorialcare Health System since January 2014. He previously served as chief financial officer at the hospital system, and as chief financial officer and senior vice president of Long Beach Memorial Medical Center and Saddleback Memorial Medical Center.
Patrick O'Connor is senior vice president, chief investment officer at Cook Children's Health Care System, where he has established a fully discretionary, in-house investment office for the hospital system's $1.6B endowment and $2B total assets. Prior to this, he was chief investment officer at the University of Arizona. He studied at the University of Arizona, Eller College of Management, London Business School and the University of New Mexico. He is also an investment committee member for the Communities Foundation of Texas.
Rob Roy is the chief investment officer of Adventist Health System. Previsouly he was the CIO at Cain Brothers Asset Management. Roy has a master's degree in financial markets and trading from Illinois Institute of Technology.
Since March 2013, Robert Durden has served as chief investment office at Texas Children's Hospital. Previously, Durden was managing director of private investments at Morgan Creek Capital Management, corporate strategist at Western Asset Management LLC, senior investment analyst at Ritchie Capital Management and investment banking analyst at Merrill Lynch. Durden holds an A.B. in Economics from Princeton University and an MBA from the University of Chicago.
"Scott Pittmann is senior vice president and chief investment officer of The Mount Sinai Health System, where he oversees a $1.7B portfolio of endowment funds and long term capital. He also advises on insurance and pension related funds of about $4B. In addition, Scott serves on the Investment Committees for two affiliated companies. He previously held investment and lecturer roles at Baylor University, including director of investments.
Sue Slocum is treasurer and investment officer at Children's Hospitals and Clinics of Minnesota, where she is responsible for all banking, debt, pension and investment management for the pediatric health system's $850M in annual revenues and $1.2B in net assets. Prior to this, she was portfolio manager and money market economist at Nakagama and Wallace Investment Management, where she managed $300M in offshore, fixed income portfolios. She has an MBA in Security and Portfolio Analysis from the University of Minnesota, Carlson School of Management and a B.A. in Psychology with a Minor in Latin from Carleton College.
Tom Satkus is the chief investment officer of Marshfield Clinic, managing the Clinic's treasury department and pension plans. Previously Satkus was a pension fund manager at Hospira, Inc. and an alternative investments officer at American Red Cross. He has a bachelor's degree in accounting from the University of Alabama.
Josh Rabuck is executive director and chief investment officer at Indiana University Health. He previously held the role of director of absolute return and deputy chief investment officer at Indiana University Health. He has a B.A. in Business, General and Religious Studies from Franklin College.
John Miller is treasurer and chief investment officer at Cone Health, where he is accountable for all capital markets activity, $1 billion in investments, $350 million in public debt-inssuance and a $300 million defined contribution plan. Previously, Miller served as treasurer of University of Missoury, treasurer of Florida International University, vice president & treasurer of Baylor Health Care System and Treasurer of MedStar Health. Miller holds a B.S. in business from University of Virginia.
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