Following the departure of CIO Stefan Strein to the University of North Carolina’s UNC Management Co., the Cleveland Clinic named Timothy Compan as interim CIO, a spokesperson said.
Compan has been with the Cleveland Clinic investment office for eight years, most recently as managing director for the fund’s credit portfolio. He was previously a fixed-income portfolio manager at PNC Capital Advisors and an investment grade credit trader at Goldman Sachs Asset Management.
The Cleveland Clinic investment office manages $17 billon in long- and short-term assets and pension and insurance funds, as well as $16 billion in defined contribution retirement assets. Strein served as the health care system’s first CIO, starting in 2015 after the fund was insourced. Prior to that, the funds were managed by an outsourced provider.
Compan earned a bachelor’s degree from Case Western Reserve University in Cleveland and an MBA from the Booth School of Business at the University of Chicago.
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