This content is from: Corner Office
University of Pittsburgh’s Endowment Names New CIO
Greg Schuler, chief investment officer at BJC HealthCare, has been hired to lead Pitt’s nearly $4 billion fund.
The University of Pittsburgh has appointed a new chief investment officer for its $3.95 billion endowment.
Greg Schuler, investment chief and treasurer at BJC HealthCare in St. Louis, was approved by university trustees Friday to join Pitt’s investment staff. He will join the endowment around August 20, according to a university spokesman.
Schuler replaces Amy Marsh, who retired as Pitt’s investment chief and treasurer on March 31. With her departure, the two roles will be split, with Paul Lawrence, assistant treasurer since 1999, taking over her responsibilities as treasurer.
“I am confident that [Schuler] will excel as our next chief investment officer and eager to watch him leverage his leadership and expertise to spur growth at Pitt for decades to come,” said chancellor Patrick Gallagher in a statement on the university's website.
[II Deep Dive: U Virginia Endowment Hires New CIO]
Schuler has served as CIO and treasurer at BJC HealthCare since 2011, managing an $8 billion fund while overseeing treasury activities related to debt, derivatives, and cash management.
His predecessor Marsh joined Pitt as treasurer in 1999, adding the title CIO in 2006, according to her bio on the Pittsburgh Foundation’s website. In fiscal year 2017, Pitt saw a total endowment return of nearly $461 million, or about a 13 percent gain, according to the university’s annual report.