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Deals and People November 9, 2007
Harvard Names Interim CIO
November 9, 2007 (PLANSPONSOR.com) - Harvard
University has named Robert Kaplan as interim CIO for its $35
billion endowment.
Reported by Nevin E. Adams
Kaplan oversaw Goldman’s investment banking and investment management divisions and now teaches at Harvard Business School, according to Reuters. He will start as chief executive of Harvard Management Company on Monday, the university said.
Kaplan will succeed, at least for a while, Mohamed El-Erian, who just two months ago announced his decision to leave Harvard and rejoin Newport Beach, California-based PIMCO in a newly created position as Managing Director and Co-CEO and Co-CIO (see El-Erian Returns to Help Run PIMCO ).
El-Erian, then a managing director at PIMCO, in 2005 left the firm to head up Harvard Management Co. (see Pimco Director Chosen to Head Harvard Endowment Fund ), after the departure of Jack Meyer (see Harvard’s Money Management Dream Team to Resign , Running the Fund: Crimson Blues ).