The National Gallery of Art in Washington has hired a
successor for its retiring endowment chief, according to
recruiter Anne Fraser Keating, who led the months-long
Christine Kelleher starts September 5 as chief of
investments for the $850 million museum endowment, replacing
George-Ann (Tykie) Tobin, said Keating, founder of executive
search firm Fraser Keating Associates. Kelleher has spent the
last four and a half years as a managing director with Avec
Capital, a small New York-based placement agency specializing
in alternative assets.
There was a very high level of interest in the
role, Keating said by phone. We conducted a
national search, and found many extremely qualified
Asked why Kelleher won the position, Keating credited
her background helping build the investment office at
Georgetown, her recent role at Avec where she conducted due
diligence on managers, and her early background in the liberal
arts. The recruitment firm founder added that all
of that combines to make her a flexible and broad intellect
and a good judge of investment managers.
In 2004, Kelleher joined Georgetown Universitys
nascent investment office as an executive assistant, according
to her LinkedIn profile. By 2011, she was acting
as chief investment officer for the schools endowment and
Kelleher did not immediately respond to a LinkedIn email
seeking comment about her new position.
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As recently as May, National Gallerys current chief of
investments, Tobin, was planning to retire to the West Coast to
be close to her family, a spokesperson for the museum said at the time.
Tobin has worked closely with an investment consultant
during her tenure, as well as a star-studded board. Finance
committee members include high-profile investors David Rubenstein, co-founder of
Washington-based private-equity firm Carlyle Group, and Chair
Mitchell Rales, co-founder of business conglomerate Danaher
Tobin and a spokesperson for the National Gallery
didnt reply to emails seeking comment.