Brown University has promoted its CIO — Joseph Dowling III — to a newly-created chief executive role at the $3.7 billion endowment, and has named managing director Jane Dietze its new CIO, the university announced yesterday.
Dowling will head up the development of new partnerships for the investment office, cultivate new investments for the university, and support strategic projects. He has been CIO of the endowment since June 2013.
Before that, he served as founder and CEO of Narragansett Asset Management, which managed money for institutions, pensions, and endowments.
Dietze was recently named one of Institutional Investor’sMost Wanted Allocators. In her new role, she will manage Brown’s investment office operations and lead its investment process and capital allocation.
Dietze joined the endowment in 2013. Before that, she was the director of private equity at Bowdoin College and has also worked at Fortress Investment Group and Columbia Capital Corporation.
“The complexity and scope of the requirements of the role of chief investment officer for Brown have continued to grow,” said investment committee chair Robert Goodman in a press release. “We recognized an opportunity to separate the core executive and investment functions into two complementary roles, and this will truly optimize the incredible talent in the Investment Office.”
The university also said it promoted Joshua Kennedy to the role of managing director of the investment office. He joined in 2016 as an investment director.