Outsourced chief investment office Global Endowment Management LP announced Tuesday that Stephanie Lynch was named managing partner-elect, as of January 1. Lynch, who a co-founder and partner in GEM, will start her new role on July 1. She will succeed Porter Durham, who will continue to work closely with the firm until he retires next year.
“Stephanie has been a guiding force for GEM’s clients and our firm’s culture from the outset, and she is well-positioned to lead GEM through its next phase,” Durham said in a company statement. “I am proud of what we have built at GEM and the relationships we have developed with our clients over the years, and I am confident Stephanie is the right person at the right time to lead the firm.”
Prior to launching GEM in 2007, Lynch was CIO for more than seven years at The Duke Endowment, the family foundation of James B. Duke. Before that, she worked as a portfolio manager at Invesco Capital Management and Trade Street Investment Services. She is currently a trustee for The Thacher School, a boarding school in California, and is a member of the investment committee for the Baby J Fund, a private foundation supporting research for pediatric cancers.
Lynch has also been a trustee of the Novant Health Presbyterian Medical Center Foundation and was a director of Novant Asset Management LLC. She earned a B.S. in finance from Florida State University and is a chartered financial analyst.
GEM also announced that Matt Bank began his new role as deputy CIO on January 1, and Jay Ripley will begin working as deputy managing partner on July 1.
“Jay has exceptional business instincts, and his track record of investment and operational excellence makes him perfectly suited for this role,” Lynch said in the announcement. “Matt is a terrific investment thinker, strategically and tactically, and his experience across the firm gives him unmatched perspective on investment decision-making on behalf of our clients.”
Bank has been with GEM since 2018 and became a partner in 2022, while Ripley, GEM’s head of investments, joined the company in 2014 and was named partner in 2021. He leads the firm’s integrated portfolio team covering public, private and impact investing.