Lee’s most recent role was COO/CFO at PENSCO Trust Company. Wallace will succeed John Powers, who announced last fall that he would be leaving his post after nine years at the helm. Stanford Management is an equal opportunity provider and employer. Frier will oversee investment strategy at SMC, a division of Stanford responsible for managing the university's financial and real estate assets. Will the Wheels Come Off the Market in 5 Years? He also spent nine years in the treasury group of the Walt Disney Company, where he was in charge of financial risk management and the investment of $3 billion in pension fund assets. CEO Mike McCaffery, CIO Mike Ross, and private equity chief Dave Burke were leaving Stanford to launch Makena Capital—an outsourced-CIO (OCIO) shop—across from SMC on Sand Hill Road, the artery at the heart of Silicon Valley. ... Vice President, Transitional Planning and Strategic Space Management/General Services. Ken Frier Kenneth Frier, chief investment officer of the Hewlett-Packard Company, has been appointed chief investment officer of the Stanford Management Company (SMC). Box 3879 Portland, ME 04101 Local 207-772-3399 TollFree 844-445-7039 Fax 1-866-224-2812 Including other assets, Stanford Management oversees a total of $25 billion. Before Disney, Frier spent two years as international treasurer of Oracle Corporation and four years as a financial consultant with Arthur Young & Company. Learn how Stanford Health Care brings together leading-edge technology, innovative research, and world-renowned experts to meet your unique needs. The Stanford CIO serves as a permanent co-chair. The comprehensive CIO search was led by David Barrett Partners of New York and London. www.ai-CIO.com | June 2015 Art by John Cuneo / johncuneo.com REPRINTED FROM CIO June 2015 Robert Wallace, CEO, Stanford Management Company Greg Williamson, CIO, American Red Cross Foundation Jagdeep Bachher, CIO, University of California Regents Powers’ family said donations may be made in his honor to Stanford University. Eduassets.com Creation Date: 2011-02-15 | 121 days left. His cause of death was not disclosed. Copyright ©2020 Asset International, Inc. All Rights Reserved. As CIO of HP since 2007, Frier's global responsibilities include the investment of more than $30 billion of retirement plan assets for HP and its foreign subsidiaries. Newsmakers October 9, 2017 Stanford recently announced it has been searching for a replacement CIO since last October. Established in 1974, Harvard Management Company invests these funds as a single entity, the revenue from which contributes more than one-third of the University’s annual operating budget. Powers was named CEO and president of Stanford Management Company (SMC) in June 2006, and helped grow the university’s endowment from $12 billion to approximately $21.4 billion. Stanford Management is an equal opportunity provider and employer. View Deepika Srivastava’s profile on LinkedIn, the world’s largest professional community. John Powers, Former CEO of Stanford Management Company, Dies at 67, Liking Gold’s Ascent? Stanford Management Company (SMC) is the office within Stanford University that invests the Endowment and other financial assets to provide long-term support to the University. Robert F. Wallace, chief executive officer and chief investment officer of Alta Advisers, a London-based private investment firm, has been named president and chief executive officer of the Stanford Management Company (SMC). And prior to Offit Hall, he had been director of institutional sales and research and a member of the executive committee at San Francisco investment bank Robertson Stephens. All but a handful of Stanford’s investment staffers have lost their jobs under new CEO Robert Wallace, CIO has learned. The University has enlisted the help of David Barrett Partners LLC, a New York company … The announcement threw SMC into crisis. 2005 – 2008 3 years. Kenneth Frier, chief investment officer of the Hewlett-Packard Company, has been appointed chief investment officer of the Stanford Management Company (SMC). Prior to joining HP, Frier was chief financial officer of firstsource.com, a business-to-business e-commerce company, from 1999 to 2000. ... President, Rice Management Company and Chief Investment Officer. Stanford Management, LLC P.O. As vice president of corporate treasury at HP from 2000 to 2008, Frier helped raise more than $14 billion of funding in the term debt market, managed more than $30 billion in share repurchase spending (including three large structured transactions) and executed more than $100 billion per year of derivatives transactions. The Council is co-chaired. Wallace will succeed John Powers, who announced last fall that he would be leaving his post after nine years at the helm. Powers managed the endowment from June 2006 to 2015 – through the rough waters of the global financial crisis of 2008. Powers was the former President and CEO for Stanford Management Company, the entity that manages the endowment for Stanford University. Just Wait for the Plunge, Study Warns, Why Smith College Is Moving Its Endowment In-House, Private Equity Goes on a Warehouse Buying Binge. Zhang had no way of predicting the event that would kick off a decade of turmoil at SMC (Stanford Management Company): On January 9, 2006, the fund’s leadership quit en masse. He will be responsible for the university's merged pool of investment assets, which was $14.5 billion as of June 30, 2009, including its endowment. Copyright Complaints   Trademark Notice. Stanford, California 94305. Robert F. Wallace, chief executive officer and chief investment officer of Alta Advisers, a London-based private investment firm, has been named president and chief executive officer of the Stanford Management Company (SMC). The CIO Council is comprised of the senior-most technical leaders from Stanford schools and units. This past October, University CFO Randy Livingston announced the formation of the Office of the Chief Information Officer (OCIO), uniting the leadership of the three central IT units at Stanford (Administrative Systems, Information Technology Services, and the Information Security Office). Kenneth Frier, chief investment officer of the Hewlett-Packard Company, has been appointed chief investment officer of the Stanford Management Company (SMC). To file a complaint of discrimination, write to: USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C., 20250-9410, or call 1-800-795-3272 (voice) or 202-720-6382 (TDD). 635 Knight Way Stanford, CA 94305-7297 (650) 721-2200. For General Information. Career Opportunities. Now retired, Laurie co-founded Anderson Hoagland before becoming the first CEO of the Stanford Management Company in 1991, charged with managing the Stanford University endowment. CIEBA Selects New Chair and Increases Membership Despite COVID-19, Court Rules Pensions Can’t Exist in a State of Limbo. John Powers, Former CEO of Stanford Management Company, Dies at 67 He helped grow the university’s endowment by nearly $10 billion over nine years. He was credited with bringing the endowment back from the depths of the financial crisis during the last five years of his tenure when SMC’s merged investment pool returned 13.1% compounded annually. “We have benefited greatly from John’s efforts and from his steady direction during the financial crisis of 2008-2009,” then-Stanford University President John Hennessy said when Powers announced his decision to step down in November 2014. The top 10 % of its peer universe global Commercial Microfinance Consortium advisor individuals... Chief financial officer of firstsource.com, a business-to-business e-commerce Company, from 1999 to 2000 International, Inc. all Reserved. 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