The Columbia Investment Management Company has promoted one of its managing directors to the CIO role as part of a leadership shakeup in the wake of ex-CEO Narv Narvekar’s departure.
Tim Donohue, who first joined the endowment in 2008, will be the new investment chief, succeeding Peter Holland. Holland had served as Colmbia’s CIO from 2003 until September of this year, when he was promoted to CEO after Narvekar was named the next Harvard endowment chief.
Narvekar is set to begin his new role at Harvard on Monday.
“Tim has contributed to our performance across the portfolio in many different ways,” said Holland in a statement. “I look forward to his continued leadership in helping us generate strong risk-adjusted returns.”
Donohue was previously a vice president and partner at management consulting firm Booz Allen, where he spent 11 years focusing on corporate and business unit strategy and performance improvement for energy-related companies.
Prior to joining Booz Allen, he worked at oil companies BHP Petroleum and Caltex Petroleum in various operating, planning, trading, and engineering roles.
Donohue holds an MBA in finance from Columbia Business School.
Harvard Endowment Names Columbia’s Narv Narvekar CEO