Top 30 Hospital Investment Officers
Investment offices at health care systems play an essential role in supporting hospital spending and service. Faced with volatile capital markets and unpredictable regulatory changes, hospital investors, many of which operate in small teams, are tasked with the demanding job of ensuring the long-term financial health of their institutions. These 30 investment professionals, many of them chief investment officers, stand out as the shrewdest asset allocators during times of change and challenges.
John Barker is the chief investment officer of Partners Healthcare. He manages the hospital's investment portfolio including long-term, aggregate bond, money market, ERISA investment pools and direct investment activities. Previously Barker was a managing director at Harvard Management Company and an alternative asset manager at Wellesley College. Barker holds a MBA from the University of Pennsylvania - The Wharton School and a bachelor's degree from Dartmouth College.
David Holmgren is the chief investment officer at Hartford HealthCare, where he manages $2 billion not-for-profit investment portfolio. Previously, he served as the principal investment officer for the Connecticut State Treasury and executive vice president and senior portfolio manager at DSI/UBS Asset Management. Holmgren earned his MBA from Columbia University and has 26 year of investment experience in the U.S., Europe and Middle East covering traditional and alternative assets.
Scott Pittman joined the Mount Sinai Health System as the senior vice president and chief investment officer in December 2008. The investment office is charged with managing the institution’s $1.7 billion endowment and long term capital. The office also advises on about $5 billion of insurance-related assets. Scott serves as the chairman of the FOJP Investment Committee and also serves on the Investment Committee for Healthfirst.
Prior to joining Mount Sinai, Scott was the Director of Investments at Baylor University. He also served as an instructor in the Hankamer School of Business and taught Baylor’s Portfolio Practicum course where students actively managed a $6.5 million investment portfolio. Before joining Baylor’s Investment Office, Scott taught Corporate Finance and Economics within the University’s business school, and he spent several years within the health care industry.
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.
Michael Malewicz is the system vice president – treasury and chief investment officer at SSM Health, a Catholic, not-for-profit health system. He leads the SSM Health Portfolio Management Company. He is in charge of developing capital strategies, leading the issuance of debt, maintaining rating agency relationships, continuously enhancing the investor relations program, financial modeling and mergers and acquisitions. Prior to joining SSM Health in 2013, Malewicz built the treasury departments at City of Hope in Southern California, Washington Hospital HealthCare System, Quiksilver Inc and Swedish Health Services.
Prior to his health care career, Malewicz worked in corporate finance at Qualcomm Inc. and as an investment banker for the Industrial Bank of Japan. Malewicz has an undergraduate degree from San Diego State University, and an MBA from University of San Francisco. While completing his MBA, he was an analyst for a top- performing micro-cap technology long short hedge fund in San Francisco. Over his career, Malewicz has completed over $12 billion of debt and equity financings, including IPOs and numerous bond financings. He also serves on the Board of Directors for the Family Caregiver Alliance and is a member of the Treasurers’ Roundtable.
Chip Crowther is the vice president and chief investment officer at Bethesda Inc. & TriHealth. Previously he was a manager at Hillenbrand Capital Partners, where he remains a member after leaving the firm in 2011. Before that, he worked at Blue Chip Venture Company and MFS Investment Management. Crowther received an MBA from Babson University and a bachelor's degree in journalism from Ohio Wesleyan University.
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.
David Harkins joined the UCSF Foundation Investment Company in 2015 as the founding president and chief investment officer. Previously, he was the managing director of public markets at the University of Pennsylvania endowment. Prior to that, he served as vice president and head of equities at ICMA-RC, and was an analyst at Montgomery Asset Management. He is a CFA charter holder and earned his B.S. and MBA from the University of Colorado.
Nicholas Procyk is the senior vice president and chief investment officer at The Children's Hospital of Philadelphia. He previously served as vice president of the Church Pension Fund. Before that, Procyk served as a director of pension investments at Merck & Co., Inc. Procyk received his B.S. from the University of Pennsylvania and an MBA from Columbia University.
Jeffrey Blazek is the managing director of investments and vice president at New York-Presbyterian Hospital. Previously, Blazek was a managing director at Cambridge Associates and portfolio manager at the Teachers Retirement System of Texas, among other roles. Blazek holds an MPA/BBA in accounting and finance from the University of Texas at Austin.
Al Gasiorek is the chief investment officer at Children's Healthcare of Atlanta. He manages the hospital's $2.2-billion endowment. He has been in this role since February 2003. Previously, Gasiorek was the chief investment officer at BellSouth Corporation, managing the corporation's pension and benefit trusts. He holds an MBA from Northwestern University and an M.S. in taxation from DePaul University. He is also a certified public accountant.
Andrew Deitch is associate chief investment officer at the Children’s Hospital of Pennsylvania (CHOP). Deitch works with the chief investment officer and two other non-investment professionals to manage the hospital’s $1.8 billion foundation and $480 million pension fund. From 1998 and until joining the hospital in 2007, Deitch was assistant director, then co-director of alternative investments at the Pennsylvania State Employees’ Retirement System, where he was instrumental in building the pension fund’s private equity program. Prior to joining the pension fund, Deitch helped grow and manage his family’s retail chain.
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.
Anthony S. Waskiewicz is the chief investment officer for Mercy Health (St. Louis, Missouri), where he manages the health system’s short-term, endowment and pension plan assets, totaling $2.7 billion in assets under management. Waskiewicz has over 25 years of investment experience advising and managing assets for institutional investors. Prior to taking on his first role as CIO in 2004, Waskiewicz spent 15 years in the asset management and advisory business, working with industry leaders at T. Rowe Price, Mercer Investment Consulting, Evergreen Investments and Morgan Stanley. Waskiewicz is an active member of the investment community serving as a member of the CFA Institute and the St. Louis Society of Investment Analysts. He also serves as an adjunct professor in the business school at Webster University (St. Louis). Waskiewicz holds a degree in business administration and management, general from Washington & Lee University in Lexington, Virginia.
Chris Halaska is a senior vice president and chief investment officer at Memorial Hermann Health System. Previously, Halaska had worked at J.P. Morgan for more than 12 years. Halaska holds a BBA in finance and an MBA, both from the University of Texas at Austin.
Since September 2011, Michael Odlum has headed the treasury group at Northwell Health. Odlum has served in various investment management leadership positions over a more than 30-year career. Most recently, Odlum was the director of asset management at the Archdiocese of New York, president and chief investment officer at 6th Avenue Investment Management and president and chief operating officer of Allied Investment Advisors. He also was principal at the Vanguard Group. Odlum holds an MBA in finance from the University of Pennsylvania, an A.B. in history from Princeton University and is a chartered financial analyst.
Josh Rabuck is the 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 the state of Indiana’s pension plan. He has a B.A. in business, general, and religious studies from Franklin College.
Sue Slocum is the 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 $850 million in annual revenues and $1.2 billion in net assets. Prior to this, she was a portfolio manager and money market economist at Nakagama and Wallace Investment Management, where she managed $300 million 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.
Aliza Samuels is vice president of non-marketable securities at CareGroup Investment Office. Previously, she was vice president of FLAG Capital Management. She holds a B.A. in architecture from Yale University and an MBA from Stanford University Graduate School of Business.
Jacque Millard joined Intermountain Healthcare in 1993 as vice president and chief investment officer. She is responsible for investment portfolio management, cash management for all Intermountain entities. She also oversees Intermountain's external investment managers. Previously, she spent five years with Blue Cross and Blue Shield of Utah as the manager of cost, budgets, and investments, and worked at Workers Compensation Fund of Utah as an investment manager.
Philip Rotner is the inaugural chief investment officer at Boston Children's Hospital, where he manages the hospital's endowment, pension and short-term investment assets. Previously, Rotner served as a managing director at the MIT Investment Management Company and vice president at Bank of Boston. Rotner holds a bachelor of arts from Amherst College with double majors in economics and Asian studies, and an MBA from the University of Chicago.
Rob Roy is vice president and chief investment officer for Adventist Health System (AHS), a faith-based hospital system that carries out the health care ministry of the Seventh-day Adventist Church headquartered in Altamonte Springs, Florida. Roy oversees the organization’s investment assets exceeding $5 billion.
Prior to Adventist Health System, Roy held positions including the chief investment officer for Cain Brothers Asset Management, bond trader for Putnam Investments, fixed income specialist on the floors of the Chicago Board of Trade and the Chicago Mercantile Exchange and portfolio risk manager for Ferrell Capital. Roy holds a Bachelor of Science in Business Administration-Finance from Suffolk University, and a M.S. in financial markets and trading from the Illinois Institute of Technology.
Bradley Bond is the chief investment officer and treasurer for University Hospitals of Cleveland Health System. He is responsible for managing the hospital's $2.7 billion of investments, $1.3 billion of debt, $600 million of derivatives and $300 million of working capital lines of credit. Bond's experience in investment management includes endowment, operating funds, ERISA Pension, off-shore captive insurance and other retirement plan assets.
John Miller has served as chief investment officer and treasurer of Cone Health since 2011. He has senior administrative responsibility for capital market activities, including investments, debt and general banking services. Miller holds a B.S. from the University of Virginia.
Mary O'Reilly joined Rochester Regional Health in 2013 as the director of treasury and invesmtns. Her treasury and investment team are responsible for approximately $700 million of assets in two pension funds and $500 million split among endowment and balance sheet investments. O'Reilly received a bachelor’s degree and an MBA, both from St. John Fisher College in Pittsford, New York.
Patricia Steeves O'Neil is the chief investment officer and treasurer at Rush University Medical Center. Previously she was a managing director at Bank of America, where she was the relationship manager in the health care and not-for-profit group. Steeves O'Neil has a master's of applied economics in applied economics from the University of Michigan, and a B.A. in mathematics and economics from Mount Holyoke College.
John Orner is vice president, treasurer and chief investment officer at Blue Cross and Blue Shield of Minnesota. Previously he was a securities analyst and IPO underwriter, fixed income trader and investment banker at Hayne, Miller & Swearingen. Orner has an MBA in economics from University of St. Thomas.
Tom Satkus is the treasury director and chief investment officer at Marshfield Clinic, where he manages the treasury department and is responsible for the clinic's retirement plans. Prior to this, Satkus was a manager of retirement funds at Hospira Inc., where he oversaw the firm's ERISA qualified pension plan and 401(k) plan, with a total of $1.3 billion of assets under management. He has also held investment roles at American Red Cross and Northwestern Memorial Hospital. Satkus has a B.S. in accounting from the University of Alabama.
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