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New York-Presbyterian Seeks Private Investments Director

New CIO William Lee has begun building out talent at the $7 billion fund.

New York-Presbyterian Hospital’s newly-appointed investment chief William Lee is looking to add a director to his senior investment team.

According to the job posting, the hospital is seeking a private markets director to serve as the “point person for primary investments, co-investments, secondary investments, and direct investments.”

The new director will report directly to Lee, who took over New York-Prebyterian’s $7 billion portfolio in June after more than a decade as CIO at the $75 billion Kaiser Permanente fund.

The ideal candidate will possess “deep knowledge of the complete spectrum of private investments, with an understanding of leading managers and their investment processes,” according to the job listing. Successful applicants will be “highly-analytical,” “unusually persuasive,” and “be able to motivate and energize people at all levels and functions to pursue common objectives and business goals.”

An MBA or CFA certification is preferred.

The director of investments for private markets will be expected to “provide the CIO and office with key support and expertise to evaluate the risks (geographic, sector, and liquidity) inherent in private markets portfolios.

Other responsibilities include asset allocation, portfolio construction, portfolio management, risk identification, and risk monitoring.

The job listing marks the beginning of talent acquisition for Lee, who succeeded veteran investor Gloria Reeg after she announced her retirement in January. While CIO, Reeg served as chairperson of the hospital’s defined contribution investment committee and as chair of the investment advisory subcommittee for MCIC, a joint venture offshore insurance company.

Prior to Kaiser Permanente, Lee led global pension investments and the Levi Strauss Foundation for Levi Strauss & Co.

Related: Kaiser Pemanente CIO Quits for NY PresbyterianNew York Presbyterian CIO to Retire

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