This content is from: Corner Office
Bridgewater Associates CFO Exits
Nella Domenici’s move to strategic adviser follows a string of management changes, but has been in the works for more than a year, Bridgewater said.
The chief financial officer of Bridgewater Associates — the world’s largest hedge fund firm with $163 billion in assets — is leaving the positon but will continue to serve as a strategic adviser, the firm said in a statement.
Nella Domenici has worked at Bridgewater for five years and became CFO in 2015. The news of her departure was first reported by hedge fund industry publication HFMWeek.
The transition was more than a year in the making, according to the firm.
“Bridgewater is an exceptional company and the last five years have been some of the most impactful and enriching years of my life,” Domenici said in the statement. “About a year ago I started planning this transition in order to pursue the next chapter in my career. I look forward to serving as an advisor to the firm and being a part of the Bridgewater community for years to come.”
[II Deep Dive: Inside the Walls of Bridgewater Associates]
Her current responsibilities will be assigned to other employees, and additional hires will be made as necessary, according to a person with knowledge of the situation. Before joining Bridgewater, Domenici ran her own consulting firm for six years, her LinkedIn profile showed. Before that, she worked at Citadel as chief of staff and a member of the management committee, and before that at Credit Suisse First Boston.
“Nella has been a dedicated, high-performing partner,” co-CEO Eileen Murray said in the statement. “She has developed an outstanding team that is respected for its expertise. We are grateful that Nella will continue to be an advisor to Bridgewater and we look forward to her ongoing contributions.”
Bridgewater has undergone a series of management changes over the past year or so. In March 2017, firm founder Ray Dalio announced he was relinquishing his co-CEO role as part of the firm’s ten-year transition plan. He remains co-chief investment officer along with Greg Jensen and Robert Prince and co-chairman with John Megrue. Co-CEOs Murray and David McCormick have led Bridgewater since then.