IBM Promotes Veeneman, Leonard, Adams to CIO Positions
Veeneman will oversee $20 billion worth of company funds.
Newsmakers
New Mexico’s Sovereign Wealth Fund Brings New CIO Home From Hawaii
Kristin Varela returns to her native state to lead investments for the New Mexico State Investment Council after more than three years at Hawaii ERS.
Federal Retirement Thrift Investment Board Promotes Mike Jerue to CIO
Jerue succeeds Sean McCaffrey, who retired in February after more than 10 years at the agency.
Cleveland Clinic Names Timothy Compan Interim CIO
A managing director for the fund’s credit portfolio, Compan will serve in place of the former CIO, Stefan Strein.
$2.9B Bowdoin College Endowment Seeks CIO
The Brunswick, Maine-based institution seeks a successor for K. Niles Bryant.
OMERS Names Luca Lupo as European Infrastructure Head
Based in London, Lupo will oversee the Ontario Municipal Employees Retirement System’s infrastructure investments in Europe.
TIFF Adds Rockefeller Foundation CIO to Advisory Board
Chun Lai will provide insight and guidance to the OCIO firm.
Elizabeth Burton Named Chief Strategist at Fortress Investment Group
The former Goldman Sachs strategist and one-time CIO of Hawaii ERS will provide perspectives for the firms’ limited partners.
Cleveland Clinic CIO Stefan Strein Moves to University of North Carolina
Strein will succeed Jonathon King, who retired after 20 years, in heading the University of North Carolina Management Co.
Canada Infrastructure Bank CIO to Retire
John Casola will leave the $19 billion investor at the end of March.
Cranston Named CEO of $235B Multi-Family-Office Firm Cresset
The firm’s founders will step back and take executive co-chair roles, as of April 15.
Thomas Kim Elevated to SBCERA Deputy CIO
The newly created role at the San Bernardino County Employees’ Retirement Association comes as CIO Donald Pierce has announced plans to retire later this year.
CAAT CEO Dobson to Leave Following Vacation Payout Probe
The chief executive of the $17B plan had received a $1.2M payout in lieu of vacation time.
Michael Gould Named CIO of Lehigh Endowment
Gould had served as the university’s interim CIO since August 2025.
Endowments, Foundations Could Drive Fidelity’s OCIO Push
The manager has nearly doubled assets from higher education and nonprofits over the last three years, according to outsourcing boss Christian Pariseault.