By David G. Barry
As first reported by Markets Group, Anne
Dinneen has indeed been tapped to become New York-Presbyterian’s new senior
vice president and chief investment officer.
Markets Group reported last week that Dinneen had left her role as CIO at
Hamilton College and was in line to join NYP. She will start her new role on
May 2. NYP has been without a permanent CIO since the retirement last September
of William (Bill) Lee. NYP has a $13 billion investment portfolio.
In a statement, Dinneen said she was “thrilled” to be joining NYP, calling it “an
honor to support an institution so committed to the health and well-being of
the communities it serves.”
Dr. Steven J. Corwin, president and CEO of NYP, in a statement said, “Anne is a
talented leader and skilled investor who has had remarkable success in managing
endowments and fostering financial stability. We look forward to her leadership
in strengthening our institutional investments and its positive impact on the
patients we serve.”
Dinneen became CIO at Hamilton in 2015, during which time the endowment roughly
doubled to its current $1.5 billion. The school reported a 39% return for the
2021 fiscal year. She joined the Clinton, New York, liberal arts school after
spending more than 10 years as director of investments at the James
Irvine Foundation. Her background also includes roles with Barclays Global
Investors, Thomas Weisel Partners and Bank of America Securities. She has been
one of the youngest CIOs in the endowment space.
At Hamilton, Dinneen built out the private
equity portfolio by enhancing its lower mid-market, and buyout and venture
capital allocations. Dinneen was based in Greenwich, Connecticut, along with
the three other members of the school’s investment office: Sander
Douchette and Sara Orr, who both are investment directors,
and Investment Associate Spencer Polaske.