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.