After nearly three years at the helm, the University of Pittsburgh’s chief investment officer is stepping down.
Greg Schuler, who joined the school’s investment office in July 2018, is leaving to “pursue other opportunities,” according to a Monday announcement from the university. His last day is June 30.
A spokesperson for the University of Pittsburgh did not return a phone call and email seeking details on Schuler’s next move or his successor.
When Schuler joined in 2018, the school split the once-dual roles of treasurer and CIO into two. Amy Marsh, his predecessor who retired that year, had been in both positions since 2011. At the time, Paul Lawrence, who had been the school’s assistant treasurer since 1999, became the school’s treasurer.
Lawrence will now lead Pitt’s investment office until the school finds a replacement, according to the university.
Before his stint at the University of Pittsburgh, Schuler spent seven years as the CIO and treasurer for St. Louis, Missouri-based non-profit BJC HealthCare.
As of June 30, 2020, Pitt’s investment office managed $4.2 billion in endowment assets. Combined with the school’s operating investments, which are used for the school’s short-term operating needs, assets under management were $5.24 billion, the annual report shows.
The endowment lost $1.5 million for the fiscal year.