Kaiser Permanente CIO Quits for NY-Presbyterian

William Lee will take over the $7 billion health care fund June 1.

WilliamLee_ChrisBuzelliBill Lee (Art by Chris Buzelli)New York-Presbyterian has hired its new CIO William Lee from a fellow health care nonprofit, the hospital announced Thursday. 

Lee has spent more than a decade with Kaiser Permanente, overseeing roughly $71 billion in defined contribution, pension, and foundation assets. The Oakland, California-based foundation is America’s largest health care nonprofit.  

His portfolio at New York-Presbyterian will be 10% the size of Kaiser Permanente’s, at $7 billion. The new job also likely entails a cross-country move, from Lee’s longtime base in San Francisco to New York. 

Lee replaces retiring CIO Gloria Reeg, effective June 1. 

While CIO, Reeg has served as chairperson of the hospital’s defined contribution investment committee, as well as chair of the investment advisory subcommittee for MCIC, a joint venture offshore insurance company.

New York-Presbyterian lost Managing Director Kathleen Jacobs last summer. Jacobs resigned as deputy to lead New York University’s endowment. 

Bill Lee brings experience not only from Kaiser Permanente, but also Levi Strauss & Co., where he led global pension investments and the Levi Strauss Foundation. 

From the late 1980s to 1994, the California State University grad took nine years off from his finance career to work as a police detective.