Emory University’s Chief Investment Officer (CIO) Mary Cahill has announced that she will retire as of Aug. 1, after more than 16 years in the position. Cahill has been responsible for overseeing investments of all endowment, trust, operating, and employee benefit funds of the university and health-care facilities.
“During her tenure at Emory, Cahill built Emory Investment Management, diversified Emory’s portfolio, and implemented a disciplined and structured investment and operating process that led to growth in endowment assets for Emory,” said the university in a statement.
The university said that Christopher Augostini, Emory’s executive vice president of business and administration, will assume oversight responsibility for Emory’s investment portfolio, and launch a search process for a CIO effective immediately. Augostini joined Emory on July 1, after having spent the previous six years as senior vice president and chief operating officer of Georgetown University in Washington, D.C.
While at Emory, Cahill built the university’s first investment organization, including the public markets investors, private market investors, risk management, and administration/operations teams. She developed investment programs for alternatives, including hedge funds, private equities, real estate, and natural resources.
Prior to joining Emory University in 2001, Cahill had been deputy CIO at Xerox for 10 years. She is currently a member of the NCAA investment committee, the Woodruff Arts Center investment committee, and is also a member of the board of the Robert Toigo Foundation, the Institute for Quantitative Research, and the Emory Center for Alternative Investments. She is also on the pension managers advisory committee for NYSE Euronexxt, and an investment advisory member of The Zeist Foundation, Inc.