Hilton Foundation CIO Randy Kim Exits

Kim—who spent a decade under David Swensen at Yale’s endowment—split with Hilton Friday, CIO has learned.

35_aiCIO1212_ClassHilton_JKimmelConrad N. Hilton Foundation investment chief Randy Kim has exited the organization after nearly eight years. 

Kim, when reached by CIO for confirmation, said he resigned Friday but declined to comment further. 

The foundation had removed Kim from its website’s staff listing as of late Friday, but a spokesperson did not respond to request for comment by time of press. 

Kim’s 18-year career as an asset owner spans only two institutions. He joined Los Angeles-based Hilton in July 2008, following a decade at the Yale University Investments Office. 

He began working under Yale CIO David Swensen in 1998, shortly after graduating from the Ivy League school with a BA. 

“I will forever be grateful to David, Dean [Takahashi], and the rest of my former Yale Investments Office colleagues for 10 years of invaluable investment training and personal mentorship,” he said in a 2011 update on endowment alumni

Another Yale alum—Jay Kang—joined Kim at the Hilton Foundation, serving as his deputy until last year. Kang joined Stanford’s endowment as one of CEO Rob Wallace’s first hires when he rebuilt the team

Kim’s departure leaves an investment staff of seven at Hilton. The group managed $5.3 billion at the close of 2015, according to the nonprofit, including $2.6 billion in foundation assets and $2.7 billion from related charities. 

Kim earned $972,523 in 2014, Hilton reported, making him the foundation’s best-paid employee by far. 

The non-profit has not yet announced a replacement or search plan for a new CIO.

Related: The Stanford Endowment Experiment

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