Our team, led by Senior Vice President and Chief Investment Officer Niles Bryant with the support and insights of our Investment Committee, did outstanding work to preserve much of the extraordinary gains we earned in the prior year, while generating substantial liquidity. Niles has over 20 years of experience in the investment industry. CIO; PLANADVISER; PLANSPONSOR; 702 King Farm Boulevard, Suite 400, Rockville . University of Chicago, MBA, Finance I am excited to lead this effort and deepen the College's investment capabilities with an eye on the long term." Bryn Mawr's endowment market value was $888 million at the end of the 2018-19 fiscal year, and net assets of the College were $1.08 billion. Bowdoin Colleges long-time chief investment officer Paula Volent is stepping down. The Endowment is managed by a professional investment staff within the NYU Investment Office. In our last letter we featured Vickie Fuller, retiring CIO of the $200 billion New York State Common Retirement Fund. Her 5-year return as of FY2017 was the highest of any major endowment at 11.9 percent. Paula and her team have produced remarkable investment returns for Bowdoin that changed both the trajectory of the College and the lives of thousands of students who benefitted from the financial aid resources generated from its endowment, said Bowdoin College President Clayton Rose. Data Engineer @ Recorded Future Individual Tutor @ Bowdoin College Information Technology Technician @ Bowdoin College see more Back Submit. We doubt if anyone is going to top it. As senior vice president and chief investment officer, Bryant will be a member of Bowdoins senior leadership team, reporting to the president. Bryant joined Bowdoins investment office in April 2020 as director of investments, following sixteen years as an investment professional and earlier as an attorney specializing in capital markets and mergers and acquisitions. General Manager Roberts 032 207-859-5464 [email protected] Colby College 4000 Mayflower Hill Waterville, ME 04901 207-859-4000. Todd M. Jones is Executive Vice President, Chief Financial Officer (CFO). The Boston College endowment exists to support the goals and operations of the University over the long term so that current and future students, faculty and staff benefit from investments. He received a big payout classified as other in calendar 2015. Chief Investment Officer at Bowdoin College New York, New York, United States. The portfolio she has built is truly one of a kind and her devotion to Bowdoins success in unmatched.. Orlando named chief financial officer at Bowdoin College SVP & Chief Investment Officer at Bowdoin College - The Org Thirty-seven years ago, on Aug. 5, 1984, Joan Benoit Samuelson won the first-ever women's Olympic marathon. A member of the company's Senior Leadership Team, he leads the Finance and Risk function responsible for the company's financial management and planning, budgeting, actuarial, investment risk and operations, enterprise risk management and resiliency. Since the investigation was announced on Monday, members of the Bates community have responded to the news of the investigation. Our Trustees - Our Leadership - Knox College She is also a council member at the Maine Coast Heritage Trust and a financial advisory committee member at the American Institute for Conservation. Jane Dietze - Chief Investment Officer - Brown University - LinkedIn He earned his law degree at the Duke University School of Law in 1998 and his MBA in 2003 at Dartmouth Colleges Tuck School of Business. I said, No, Im an artist, of course not!. Everett, Massachusetts, United States. You seem to be browsing on a screen size, browser, or device that this website cannot support. Bowdoin College Apr 2012 - Nov 2013 1 year 8 months. A recent and noisy case in point arose in Michigan. $10.7. Paula had opportunities to do all kinds of things over many yearsto go to other placesand she stayed here because she loves Bowdoin, Rose said. www.charlesskorina.com, THE SKORINA LETTER:Sign-up After Over 20 Years at Bowdoin, CIO Paula Volent Is Bowing Out, This content is from: Matthew P. Orlando of Brunswick has been promoted to the position of senior vice president for finance and administration at Bowdoin . This positions the College very well to continue our focus on supporting every student in need who has earned a spot at Bowdoin and to fund other important initiatives at the College.. A first-generation college student herself, Volent earned her undergraduate degree in art history on a scholarship from the University of New Hampshire, a passion that turned into a full-fledged career before investing was ever on her radar. Michael Cato Senior Vice President and Chief Information Officer. The Bowdoin College endowment generated an investment return of -7.1 percent for the fiscal year that ended June 30, 2022, a highly volatile period for financial markets that saw the S&P 500 and the NASDAQ lose 10.6 percent and 23.4 percent, respectively. Jean's life was one of great love and devotion for her husband, David, with whom she was . Paula is unquestionably one of the most accomplished investment officers in the country, and we are thrilled that she has agreed to join us in this vital role, says Richard P. Lifton, Rockefellers president. Middlebury Institute of International Studies at Monterey Search Bowdoin College Search. Bowdoin College has promoted K. Niles Bryant to be the new CIO of its $1.8 billion endowment, effective July 1. On July 1, Paula Volent, Bowdoins chief investments officer, will be stepping down from her position after more than two decades of service to the College. Niles Bryant will become the next senior vice president and chief investment officer at Bowdoin College. This is typical compensation for a manager of an educational endowment the size of Bowdoin's, and it reflects the strong returns Volent has achieved in recent years. Bowdoin College names Claudia Marroquin senior VP, dean of admissions The College is launching a podcast series, tapping into the reservoir of talent contained in the Bowdoin community. "Investment does not occur here at Williamstown," Chilton told The Record, "and so we need to have an office at a financial capital, which in this case is Boston.". Volent changed her mind after chatting with a friend of a friend who was a dean at the Yale School of Management and was accepted after deciding to apply on a whim. The same week she was to formally confirm the acceptance, however, she got another job offer from the National Gallery of Art in Washington, D.C. Volent deferred her Yale acceptance to take the job, but after realizing how much of her work at the National Gallery was supported by endowments and dealt with budgeting and finance, she decided after a year and a half to accept the standing offer from Yale and enroll in business school full time. A little background: Mills, who has a fondness for telling golf stories, described in his address an interaction which occurred during a golf match this summer. Ms. Volent, who has had the top investment position at the Brunswick, Maine-based college since the . History Teaching Assistant - Bowdoin College - LinkedIn He holds degrees from Bowdoin College, University of St. Andrews, and University of Connecticut School of Law. Our top earner Mr. Malpass at Notre Dame is deservedly well-paid and isnt going anywhere. About . New York Law Journal. Location. Our insights and commentary come from our clients board members, CEOs, chief investment officers and the global investment community within which we work as executive search professionals. Copyright 2023 Asset International, Inc. All Rights Reserved. She worked as a senior associate at the Yale investments office, according to her biography on the website for theNational Womens History Museum, where Volent serves as a board member. Michelle Chamberlain. Can an 'Agreement to Agree' Support Expectation Damages? She has almost 19 years on the job and her comp reflects how badly her board would like to keep her. But thats changed somewhat in recent years as more states adopt sunshine laws for public-employee pay generally. Lane Hall, Room 214C. The financial press has called Volent one of the savviest investors in the non-profit world and a pioneer in a male-dominated field. In 2020, Volent was included in Barrons list of 100 Most Influential Women in US Finance., Beth Kowitt 07 Wins New York Press Club Award, Alex Marzano-Lesnevich and a Double Dose of Joy and Empowerment in Two New York Times Pieces, Its perhaps a sign of the times that Alex Marzano-Lesnevich has been, Purnell Tells "Brooklyn Resists" Story in Outdoor Installation, On June 19, Juneteenth, the holiday celebrating the emancipation of those who had been enslaved in this country, the outdoor installation, Do Big Bucks Bring Big Rewards? The Investment Associate will participate in Investment Committee meetings and may have an opportunity to formally present in a group setting. Prior to working in the investment industry, Volent was a paper conservator at the New-York Historical Society, the San Francisco Palace of Fine Arts, the LA County Museum of Art, and the National Gallery of Art in Washington, D.C., according to her biography on the museums website. As a member of Bowdoins senior leadership team, Bryant will report to Rose. Her record in the short, medium and long term of investment returns is at the very highest of all colleges and universities of this country that has allowed our endowment to grow and the biggest piece of our endowment is dedicated to financial aid. Accordingly, we wanted to list only CIOs who were the managers-of-record for that period so that pay could be usefully compared to performance. Ammon, Peter H. U of Pennsylvania. Bowdoin College names new CIO | Pensions & Investments Retained Executive Search Updates on the University COVID-19 response and operations available, Clinical Research and the Rockefeller University Hospital, Chemers Neustein Summer Undergraduate Research Fellowship Program, Campaign for the Convergence of Science and Medicine, Experience Science, the Arts, and Culture, Meet the scientific leaders who are changing medicine, Peek inside our 71 biomedical laboratories, Learn more about our flexible, supportive academic programs, Learn about the breakthroughs happening every day, Hear from the worlds leading speakers and thinkers, Weve spent 122 years perfecting the bioscience institute. Harvards CIO-of-record in FY2017 was Narv Narvekar. Join to view profile . Tucson, AZ 85750 Paula will help ensure that we continue to have the resources needed to fuel the world-leading research of our 70 heads of laboratory in pursuit of our mission, Science for the benefit of humanity., I have long admired the dedication and focus of the entire Rockefeller University community on conducting ambitious science that expands our knowledge of the world and has a positive impact on society, says Volent. Bowdoin College - Nonprofit Explorer - ProPublica Executives Listed on Filing. She serves on a number of boards and investment committees including those of the National Gallery of Art, the Yale School of Management, The Rockefeller Foundation, the National Womens History Museum, Girls Who Invest, and MSCI. Bowdoin College, Brunswick, Maine. The most obvious one here is Paula Volent at Bowdoin College. Niles Bryant | Bowdoin College - Faculty and Staff Profiles Mr. Skorina also publishes THE SKORINA LETTER, a widely-read professional publication providing news, research and analysis on institutional asset managers and tax-exempt funds. Manager Selection February 23, 2023. And, even when public-school CIO comp is published, it cant always be trusted. The official University of Michigan salary-disclosure listing (page 447) for 2017 showed CIO Erik Lundbergs total comp as $720,000. Paul Rucci. Compensation and chief investment officers - Charles Skorina & Company Before embarking on her career in investment management, Volent worked as an art conservator specializing in the conservation of art on paper. Following a national search process, Jainen "JT" Thayer has been selected to be Grinnell's next chief investment officer (CIO). Bowdoin College Names K. Niles Bryant CIO | Chief Investment Officer Chief Investment Officer (CIO): Overview of Executive Role - Investopedia Bryant will succeed Paula Volent, who will step down at the end of June after more than 20 years on the job. New Chief Investment Officer Is Named | Dartmouth As Volent leaves Brunswick, she will leave big shoes for her replacement, Niles Bryant, current director of investments, to fill. Bowdoin has established a second investment office in New York City, College officials confirmed this week. from New York Universitys Institute of Fine Arts, and a B.A. In the aftermath of the January 6 attack on the Capitol, the College is presenting a series of discussions with leading experts on the current state and futu. Administration | Bowdoin College - Office of the President He is a graduate of the University of Michigan, where he earned his undergraduate degree magna cum laude in classical archaeology, and where he was also elected to Phi Beta Kappa. Compensation is a delicate issue; but recruiters need to keep track of it. Ms. Fuller, prudently, chose not to dignify these charges with any public comment. The latest science discoveries delivered monthly to your inbox. In the corporate world, the CEO almost always commands the big bucks. This case examines modern endowment investment management through the lens of a leadership transition between Chief Investment Officers (CIOs). Bowdoins endowment consists of more than 1,700 individual funds earmarked for the perpetual support of a variety of College initiatives. MIT, Bowdoin Endowments Lose 5.3%, 7.1% in Fiscal 2022 | Chief WALDOBORO Jean Meredith (Bordo) Lawrence, 83, of Waldoboro, passed away peacefully on Monday, February 27, 2023. K. Niles Bryant - Chief Investment Officer - Bowdoin College | LinkedIn The contracts at the larger endowments are often custom-crafted in negotiations between employer and employee, and no two are exactly the same. With the Tokyo 2020 marathon days away, we caught up with her to reflect on a few matters running-, and non-running, related. VICE PRESIDENT OF STUDENT AFFAIRS. Stanley Druckenmiller 75, the chair of Bowdoins Investment Committee, said, Niles will do an outstanding job as our next CIO, and I look forward to working with him., Niles is uniquely positioned for this leadership position at Bowdoin, said outgoing Chief Investment Officer Paula Volent. - Conducted research . Skorina seeks CIO for $1.5 Billion portfolio. They generally get no performance bonus (or only a modest one). Michigan State University and During her time at Bowdoin, Volent oversaw top-decile growth of the colleges endowment over the past one-, three-, five-, ten-, and twenty-year periods. June 07, 2018. Endowment. Bowdoin College's endowment return of 14.4 percent -- the best among schools so far this year -- was fueled by a portfolio built around top-performing private equity and hedge funds, said . The school announced Thursday that Volent, who had served as the endowment's investment chief since 2000 . Senior Staff. For example, because we are CIO-centric rather than school-centric, we report AUM for UTIMCO endowments as a whole and dont distinguish between U. of Texas and Texas A&M since the endowments are mostly handled as a single pool under a single CIO who earns a single paycheck. . In Roses eyes, Volents loyalty to Bowdoin in the face of far more flashy and lucrative competing job offers over the past two decades most clearly capture her commitment to and love for the College, and this in itself is deserving of gratitude. About half the schools in the $500 million $1 billion range also have a dedicated CIO or equivalent, but they are omitted here, however well paid they may have been. I had no background in finance, and I think thats [an] interesting [story] for Bowdoin students because you never know how your career is going to pivot I went to Yale initially thinking that afterwards, I was going to be a museum director and go back to the arts.. Other, non-W2 items benefitting the CIO are often reported to the IRS (and are sometimes substantial) but we omit them for our purposes. He will begin work in mid-September, following his relocation from New York City. I feel like in investing, that approach has carried over. Republican Governors Association: Announces senior staff It is not clear if this factor influenced the decision. Bowdoin College Chief Investment Officer Paula Volent To Step Down - News Paula Volent, nationally acclaimed chief investments officer, to leave from the Catholic University of America Columbus School of Law in 2015. . Lyndbergh Simelus email address & phone number | Recorded Future Data Volent didnt make her first investment until ten months into her new job, spending close to a year getting familiar with Bowdoins risk profile, the members of the Colleges investments committee and the money managers she would be working with in the future. [II Deep Dive:The Endowment Location Conundrum]. Download pdf of bio.