The Robert Wood Johnson Foundation has named as its new CIO May Ng, a veteran nonprofits investment official. She replaces Brian O’Neil, who led the RWJF investment effort for two decades and retired at the end of 2022.
The Johnson foundation had $14.8 billion in assets as of the end of 2021, according to its most recent financial statement. Ng starts April 17 at the nonprofit, which promotes health equality in the U.S. The philanthropic organization, founded in 1936, is named after one of the three brothers who launched Johnson & Johnson, the health-care giant.
While serving as CIO at her previous job, at the Annie E. Casey Foundation, Ng oversaw a $3.5 billion portfolio. Ng joined the Casey foundation in 2013 as director of public market investments and rose to CIO in 2015. She helped expand the portfolio of the Casey charitable group, which focuses on improving children’s well-being.
“We are thrilled to welcome May Ng to the foundation,” said Richard Besser, president and CEO of the Johnson foundation, in a release. “Her expertise in investment strategy and her commitment to our mission is clear. Under her leadership, we look to further our work to reduce health inequities and help build a culture of health in America.”
Ng has a long history in endowments and foundations, having worked at the George Washington University investment office and the United Way of America. Previously in her career, she was in management consulting and corporate development. She did her undergraduate study at Williams College and then earned a Master of Public Administration degree from Princeton University.
A Chartered Financial Analyst, she currently serves on the investment committees of Williams College, the William Penn Foundation, the France-Merrick Foundation and Georgetown Day School.
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Tags: Annie E. Casey Foundation, Brian O’Neil, Johnson & Johnson, May Ng, Robert Wood Johnson Foundation