UTIMCO Names Interim Investment Head

The University of Texas endowment will be led by natural resources and EM director Mark Warner while it searches for Bruce Zimmerman’s successor.

The University of Texas Investment Management Company (UTIMCO) has appointed Mark Warner as interim CIO and chief executive following Bruce Zimmerman’s resignation earlier this week.

Warner, currently a senior managing director leading natural resources investments, will helm the $37 billion endowment until a permanent replacement is found.

“We have the utmost confidence in Mark Warner and his ability to provide leadership and make progress while we conduct a national search for UTIMCO’s next CEO/CIO,” said Jeffrey Hildebrand, UTIMCO board chair and vice chairman of the UT System Board of Regents.

The board also authorized on Thursday the creation of a search advisory committee and the hiring of an executive search firm to help select Zimmerman’s successor.

“We have a tremendous opportunity to build on UTIMCO’s strong foundation, and I have no doubt that the opening will attract the best possible talent to both protect and grow our investments for the benefit of Texas public higher education,” Hildebrand continued.

Warner first joined UTIMCO in 2007 to manage its natural resources investments. Most recently he was responsible for several portfolios including emerging markets and private equity.

He holds an MBA from Southern Methodist University’s Cox School of Business.

Related: U. of Texas Endowment Chief Zimmerman Exits