Deal expected to close H1 2018.
Recruiters say Pellegrino’s choice demonstrates a trend in more crossover CIO hires.
Former Harvard endowment exec will manage iconic library’s $1.2 billion in assets.
Rich Hall, who left Texas Teachers’ for Harvard, returns to Texas to join UTIMCO as deputy CIO. Harris says, "There are no near term plans to alter the endowment’s basic asset allocation at this time."
Move is another step in HMC’s plan to work with more outside managers to boost returns.
New director has dedicated much of his career to improving the quality of life in low-income neighborhoods.
Investment director to become interim COIO during replacement search.
New appointee previously served the Council between 1996 and 2004.
Dana K. Bezerra to assume role Dec. 31, while Clara Miller will transition to role of president emerita.
Deputy managing director to serve until successor joins.
Roles to begin January 1.
Key objective is to develop council’s response to policy and political issues that “seek to undermine” national retirement securities.
Interim CFO to return to previous role, become part of executive leadership team.
Pando to lead software development, IT infrastructure responsibilities.
Per Løken and Romain Veber to oversee the US and Europe, respectively.