Novant Health has hired a new chief investment officer, Institutional Investor has learned.
Syed Haque, who most recently was the director of public markets at the UPS Investment Group, joined Novant in July, he said via LinkedIn message.
Novant’s investment office supports its hospital system, which has locations in North Carolina, South Carolina, and Georgia. According to its annual report, the health system had $4 billion in cash and investments and $8.65 billion in total assets as of December 31, 2020.
A spokesperson for Novant declined further comment on the news Thursday.
Haque, like many Georgia-based allocators, got his start in institutional investing at Emory Investment Management, where he spent just over two years as a senior investment risk analyst.
He then joined UPS Investment Group as a portfolio manager in global equities. He spent four years in the role before being promoted to director of public markets.
According to his LinkedIn profile, Haque oversaw UPS’s global equity, fixed income, hedge fund, and derivatives exposure. He worked on strategic allocation, portfolio management, manager selection, due diligence, and risk management.
“UPS Investments Group has been an amazing place to work with really smart people and great analytics infrastructure,” Haque said about his time at the organization. He officially left UPS in June, he added.